Rubel & Ménasché, French diamantaire
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News from the Diamond Industry
The Diavik Diamond Mine in Canada has yielded three sizable rough diamonds—including one very rare yellow—and Rio Tinto will try to sell them this month.
So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive results after three years of decline.
Tiffany & Co. has been added to the list of Gem Award winners for 2019.
Sotheby’s brought in a total of HKD 315.2 million ($40.2 million) at its Hong Kong auction Wednesday the 3th. as a 5-carat blue diamond fetched $13.8 million.
U.S. consumers are expected to spend more on holiday shopping this year, and millennials likely will be the biggest spenders of all, according to a recent Accenture survey.
The Responsible Jewellery Council (RJC) has entered into a collaboration that, it claimed, will significantly increase the volume of artisanal-mined gold in the market.
The 5-carat fancy vivid blue ‘Ai’ diamond was named after the Chinese word for love, and one buyer certainly fell for the stone at auction Wednesday—to the tune of $13.8 million, to be precise.
Richemont is looking into buying Italian jeweler Buccellati, an unexpected turn given its current owner purchased it just a little more than a year ago, according to a Reuters report quoting Italian newspaper Corriere della Sera‘s supplement L’Economia.
Andrew Bone will step down as executive director of the Responsible Jewellery Council (RJC), the organization said Tuesday.
Will the year 2018 be a watershed movement for the diamond industry? Neither better nor worse than any other, it does however seem to be bringing great changes or renewal. With De Beers leading the way—and that is certainly not revolutionary—the diamond industry is taking its destiny in its hands. Half way through the year, we take stock of the changes.