De Beers Millennium 10.1-carat oval blue diamond may fetch $35 million at auction
Auction house Sotheby’s has announced that it will auction the De Beers Millennium Jewel 4, an internally flawless vivid blue diamond weighing 10.1 carats.
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Signet’s plan to source diamonds responsibly: how it works
Suppliers will be asked to account for the origin of as many 0.3 ct. and larger stones as possible. As promised last week, I am taking a more in-depth look at Signet’s Responsible Sourcing Program for Diamonds.
De Beers launches Forevermark in Hungary, Thailand, S. Korea
De Beers introduced Forevermark in Hungary, Thailand and South Korea, making its flagship diamond-jewelry brand available in more than 1,700 retail outlets in 38 consumer markets.
WFDB to launch Know-Your-Customer program in May
The World Federation of Diamond Bourses (WFDB) will launch its Know-Your-Customer (KYC) initiative in May, aimed at increasing transparency in the industry to banks and regulators.
Indian jewelers pressure government to rescind levy; announce 3-day strike
Jewelers, manufacturers, retailers and wholesalers across India have organized a 3-day business closure, in response to the government’s proposed imposition of a 1 percent excise duty levy.
Gold, gem & jewelry industries left frustrated by 1% excise duty in budget
The gem and jewelry sector, which had hoped that the government would cut import duty from 10 percent to percent, faced up to a 1 percent excise duty instead, according to a report in The Economic Times.
Diamonds and platinum jewelry stand out on Oscars red carpet
The main themes on the 88th Annual Academy Awards red carpet were diamonds and white metals, mostly platinum – so, it wasn’t just the acting awards that were “white.”
Diamond market in search for fair price
The results of January sales gave grounds for both optimism and doubts. On the one hand, demand for rough in January significantly exceeded expectations, offering hope for market recovery this year.
Illegal miners invade Marange diamond fields
Illegal artisanal miners have reportedly invaded Zimbabwe’s controversial Marange diamond fields, according to The Africa Report.
Smartwatch shipments overtake swiss watches for ‘first time ever’
Global smartwatch shipments outnumbered those of Swiss watches for the first time ever in the final quarter of 2015 as the market for the electronic timepieces soared.
Look out GIA: De Beers opens grading lab for trade
De Beers has debuted the International Institute of Diamond Grading & Research to the trade at large.
Signet wants all its diamonds to come from identified sources. Is that possible?
Can the largest buyer of diamonds in the world vouch for its entire supply? In 2000, when I first heard about the Kimberley Process, it seemed like it was attempting to achieve the impossible.