The R&M “Lettre”

Press release – De Beers Group announced [on September 11th] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the sixth and seventh sales cycles of 2020.

Every setting. Every connection. Everlasting memories. Explore the natural diamond pieces worn by the actress Ana de Armas in our new For Moments Like No Other campaign, from pendants on a radiant afternoon to layered rings at an intimate wedding ceremony to bangles at a chic starlit get together. When it comes to diamond-wearing, the […]

For all the debate last year about LVMH’s acquisition of Tiffany & Co., the purchase made a lot more sense following COVID-19. Like many companies, Tiffany could use strong financial backing during tough times.

There is an array of personalizations that range from what we know and love (names, dates) to the less traditional though just as special: a mother’s ode to her breastfeeding journey, a wedding that had to be postponed but the date of which still significant, a winning battle against cancer (or COVID), a worthy cause, […]

UNI Diamonds, a fintech company focused on building a global marketplace for diamonds, has announced a strategic relationship with a leading diamond price organisation and IDEX (International Diamond Exchange) to create the first fully-transparent and unbiased price guide for the natural polished diamond industry.

LVMH announced that it is backing out of its agreement to buy Tiffany & Co., and the retailer is not happy about it.

Press release – ALROSA reports its diamond sales results for August and eight months of 2020.

The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.

Global diamond production sank 6.9% in 2019, the deepest plunge in a decade. By value, production dropped 6.2%. There were good reasons for this, and our updated production forecast calls for an even more significant slide in 2020. 

 The diamond business has continued to absorb the repercussions of the global pandemic. Polished diamond wholesale prices, after a small improvement in June, continued to mostly slide in July. This coincides with an ongoing decline in jewelry share of wallet.

This week, Eira Thomas, CEO of Lucara Diamond, owner of the Karowe mine in Botswana, sent an open letter to the diamond industry promoting Clara, the sales perform that Lucara purchased two years ago.

Tiffany & Co. continued to feel the fallout from COVID-19, as its sales in mainland China rose dramatically during its second quarter (ended July 31), while sales in the Americas region continued to fall.