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.
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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.
Interview with a director of the new Lab-Grown Diamond Association
Richard S. Garard, CEO of equipment manufacturer Microwave Enterprises, was recently appointed secretary general of the International Grown Diamond Association, the just-formed umbrella organization for the lab-grown diamond industry.
IDI chairman presses DPA to create large budget for generic advertising
Newly-elected Israel Diamond Institute Group of Companies (IDI) chairman Shmuel Schnitzer, has called on the Diamond Producers Association (DPA) to invest a “substantial amount” on generic advertising.
NRF predicts bumper Valentine’s Day spending
The National Retail Federation (NRF) has estimated that US consumers will spend around $4.4 billion on necklaces, earrings and other jewelry items this Valentine’s Day.
LVMH sees watch, jewelry profits climb
Paris – Luxury goods conglomerate LVMH had success with Bulgari and TAG Heuer’s new smartwatch in 2015, though its CEO acknowledged that global economic “uncertainty” remains.
Jewelry industry summit unveils speaker list
The Jewelry Industry Summit has released its roster of speakers who will participate in the three-day forum on sustainability and responsible sourcing. The event will be held at the Fashion Institute of Technology in New York from March 11 to 13.
Resurrection: fine jewelry sales rise 1.1% in 2015
Fine jewelry sales in the US totaled $66.5 billion in 2015 after consumers rediscovered jewelry in the fourth quarter, leading to a resurrection in demand.
Global economic outlook, Q1 2016
As we head into the new year, there are factors that are bound to have a substantial impact on the path of the global economy. Among these are the decisions that will be made by the US Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China, and the petroleum […]