Making luxury more affordable in China
Diamond dealers still see China as the engine of industry growth but Premier Xi Jinping’s government can do more to encourage its development.
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Boucheron owner Kering sees luxury sales climb 3
Kering, the owner of high-end jewelry brands Boucheron and Pomellato, reported luxury sales rose in the first quarter on a stronger retail performance in Western Europe, Japan and emerging markets.
Feeling ‘Blue’ about colored diamond auctions
The recent Sotheby’s magnificent jewels auction in New York made headlines, but unusually because of what did not sell rather than what did – namely, a 9.54-carat blue diamond ring once belonging to child star, Shirley Temple.
11 amazing facts about De Beers’ headquarters on Charterhouse Street
The company’s soon-to-be former home has spawned many tales and legends—most of which are true.
World Diamond Congress to focus on financial issues in Dubai
The upcoming 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), is set to focus on financial issues affecting the industry.
Lab-grown diamond association adds 8 new members
The International Grown Diamond Association (IGDA), a representative body formed by diamond growers, lab-grown diamond distributors, retailers, suppliers and technical experts, has added eight new members.
Forget Switzerland. Can Tiffany make New York watches a trend?
The retailer’s home city is now a selling point of its watch line.
The lab-grown consumer numbers you need to know
For several years, the diamond industry has been grappling with the introduction of gem-quality lab-grown goods to the consumer market. However, even with all the talk, one essential component seems to be missing – hard numbers.
“If consumers lose confidence in diamonds, both the products, natural and synthetic, will be badly hit,” warns Sanjay Kothari, Spokesperson NDMC
For a sector, which grew from just a cottage industry to one of the largest diamond manufacturing industry in the world, India’s diamond industry was, till not long ago, looked at globally with awe as an industry which operated purely on trust.
Surat diamond sector shows signs of recovery
The Surat diamond sector, which has been suffering reduced demand due to economic slowdown, has begun to show signs of recovery, according to a report in The Business Standard.
How Millennials look at diamonds (it’s different from past generations)
Younger consumers are turned off by bling but still crave something real. This June at the JCK Las Vegas show, the Diamond Producers Association (DPA) will unveil an industry milestone: the first category-driving campaign for diamonds not sponsored by De Beers.
42-day indian jewelry strike ends
Following a meeting of various jewelers associations’ representatives and senior government ministers in New Delhi, the 42-day long jewelers strike has officially ended, according to a report in The Times of India.