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Tiffany & Co. has reported its financial results for the twelve month and fourth quarter period ended January 31, which showed that the strength of the US dollar has negatively affected sales and earnings.
Now any consumer with unwanted diamond jewelry can sell it to De Beers. De Beers has given the go-ahead to its diamond buyback company—the International Institute of Diamond Valuation (IIDV)—after an 18-month pilot.
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.
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 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.
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.
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.
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.
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.”
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 artisanal miners have reportedly invaded Zimbabwe’s controversial Marange diamond fields, according to The Africa Report.
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.