Alrosa executive next in line to head WDC
Alrosa Vice President Andrey Polyakov has been tapped as the next vice president of the World Diamond Council, the organization announced following its annual general meeting last week in Russia.
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De Beers launches melee testing service in India and Belgium
De Beers’ International Institute of Diamond Grading & Research (IIDGR) is to begin offering its melee testing service in Surat, India and Antwerp, Belgium.
LVMH 9-month sales +18%, watches and jewelry +22%
LVMH Moët Hennessy Louis Vuitton reported an 18 percent increase in revenue to $28.8 billion (€25.3 billion) for the first nine months of 2015, with its watches and jewelry business jumping 22 percent.
The comeback: gold, platinum, and silver prices heading up
Gold, platinum, and silver prices have all done an about-face in the last month, just as many forecasters had given up on precious metals.
Tiffany, Cartier most recognized jewelry brands among affluents
Tiffany and Cartier are the most recognized jewelry brands among wealthy consumers, according to a new survey by the American Affluence Research Center.
US consumer demand for diamonds ‘consistent’
New York – Polished diamond prices continued their slide in September, with U.S. demand for diamonds described as steady but growth in other key markets restrained.
First look: the return of ‘A Diamond is Forever’
New York – De Beers’ new Forevermark commercials, which include the very well-known slogan “A Diamond is Forever,” are set to begin airing in the U.S. market next month.
Pink Diamonds and the investment question
Last week, the Argyle pink tender rolled into town. Which once again brings up the “I” word—investment.
This holiday season, it’s all about omnichannel
New York – According to a few early predictions, this holiday season could turn out to be a happy one for retailers. Market research company Emarketer has predicted that retail sales in November and December could reach $885.7 billion, a nearly 6 percent year-over-year increase.
Millennials: the new marketing challenge
A global marketing campaign launched by Hearts On Fire which targets the so-called Millennials, people born between 1980 and the early 2000s, has put the spotlight on to the issue of how to market diamond jewelry to this category of potential buyers.
Weekly Diamond Market Report 15/10/3
Diamond market overview Traders reported a quiet week of trading with many offices closed for the Jewish holidays. The main focus is on the US market, where jewellery retailers are preparing for the end of year holiday sales.
BDB votes to ban lab-grown diamond trade
The Bharat Diamond Bourse (BDB) in Mumbai is to ban trade in lab-grown diamonds following a vote by members at the bourse’s annual general meeting (AGM).