Industry

The long, troubling tale of Marange diamonds
This week, Russian diamond miner Alrosa announced that it had signed a joint venture agreement to explore for diamonds in the Chimanimani area of Zimbabwe. Read More

August 1st, 2019 Rob Bates
Diamond glut prompts De Beers to slash production
De Beers has lowered its production forecast for this year, noting that weakness in the diamond trade negatively affected its performance in the second quarter. Read More

August 1st, 2019 Rapaport
Bulgari, Hublot sales strong for LVMH
LVMH reported double-digit revenue growth in its first-half results, boosted in part by a strong performance from its watches and jewelry division. Read More

August 1st, 2019 Lenore Fedow
Swatch Group sees growth ahead despite half-year sales dip
Swatch Group reported a dip in sales in its half-year results Wednesday but said its crackdown on gray market sales should lead to an uptick in the second half of the year. Read More

August 1st, 2019 Lenore Fedow
Lucara names 1,758-carat rough “Sewelo”
Lucara Diamond Corp. announced that the winning submission for the naming of the 1,758 carat diamond. Read More

August 1st, 2019 Marianne Riou
Richemont Q1 jewelry sales strong, but watch sales falter
Luxury conglomerate Richemont reported strong sales growth in its first-quarter results, but a slowdown in watch sales somewhat dulled its shine. Read More

August 1st, 2019 Lenore Fedow
China lifts Richemont jewelry revenue
Sales at Richemont’s jewelry brands increased 10% in the first fiscal quarter, as lower value-added tax and customs duties drove purchases in mainland China, the luxury retailer said Thursday. Read More

August 1st, 2019 Rapaport
LVMH, Stella McCartney brand form partnership
LVMH has bought a minority stake in the Stella McCartney brand, a year after the designer’s split with rival luxury conglomerate Kering. Read More

July 30th, 2019 Rob Bates
Are these reimagined Cartier and Rolex watches brilliant…or blasphemy?
There’s a lot to like about the Los Angeles–based brand La Californienne, which recasts classic vintage Cartier and Rolex watches as something magnificently bright, colorful, and fun, each creation as whimsical, and richly detailed, as a carousel pony. Read More

July 30th, 2019 Amy Elliott
WDC members stepping up to the plate, transforming lives from the grass roots up
"We don't have to engage in grand, heroic actions to participate in the process of change. Small acts, when multiplied by millions of people, can transform the world." Howard Zinn - Historian and Playwright Read More

July 27th, 2019 World Diamond Council
Here are the 6 ‘Hero’ diamonds of the 2019 Argyle tender
Rio Tinto has debuted the diamonds in this year’s Argyle Pink Diamonds Tender, its annual sale of the best pink, red and violet stones to emerge from its mine in Western Australia. Read More

July 27th, 2019 Rob Bates
ABN Amro limiting loans on rough diamonds
Amsterdam-based bank ABN Amro sent a letter to some of its diamond clients stating that it will no longer finance rough purchases where there is not “sufficient profitability,” JCK has learned. Read More

July 26th, 2019 Rob Bates

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