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The diamond market suffering from an oversupply of rough diamonds and changes in the consumer priorities in retail turned out to be a fertile ground for the seeds of COVID-19 that is devastating to the global economy. The coronavirus almost completely froze the diamond trade and forced major players to make unprecedented concessions to their […]
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.
There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co.
LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.
Alrosa will not hold a rough trading session in October in an effort to avoid releasing too many goods during a fragile recovery in the diamond market.
Press release – De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2020.
The Gemological Institute of America just rolled out its new reports for lab-grown diamonds, which use the same color and clarity grading terminology the lab has long applied to natural diamonds.
Losing no time after the landmark sale of a 102.39 ct. perfect white diamond for $15.7 million, Sotheby’s announced, the [week of October 12], that another “glamazon” is gracing its fall auction lineup.
Press release – ReSet will offer a fresh perspective on responsible sourcing and sustainability through creative and engaging collaborations with jewelry designers.
Press release – After a year of upheaval, this holiday season will be especially meaningful, and gifts will be symbols of hope, love and celebration.
On August 13, 2020, IDEX Online posted a Memo by its correspondent John Jeffay. In it, he reported on a discussion he had with Jacques Voorhees, a long-time industry entrepreneur, recalling an article that the latter had written in January 2002, entitled “In Search of Conflict Diamonds.” There, Mr. Voorhees recounted his experiences in Sierra Leone during […]
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