Rough prices set for slump – analyst
Rough-diamond prices are likely to fall 5% this year as weakness in the industry continues, Panmure Gordon analyst Kieron Hodgson has predicted.
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India hikes import tax on precious metals
India’s Gem & Jewellery Export Promotion Council (GJEPC) has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in further job losses.
Gucci forays into high-end jewelry
Luxury fashion house Gucci has made a move into high jewelry with the inauguration of its first boutique and a collection by creative director Alessandro Michele.
Goodbye, IIGDR: De Beers has renamed its grading lab
De Beers’ grading lab—formerly known by the unwieldy name, the International Institute of Diamond Grading & Research (IIDGR)—has been rechristened De Beers Group Industry Services, spokesman David Johnson tells JCK.
Israel Diamond Exchange promoting natural diamonds
The Israel Diamond Exchange (IDE) has launched a new campaign to promote natural diamonds with a series of videos that will be posted to social media.
Net-a-Porter debuts new high-end jewelry site
Today, e-tailer Net-a-Porter is launching EIP Privé, an invitation-only site that will offer high-end jewelry and watch brands.
Tariffs, taxes top JA Washington agenda
A delegation from Jewelers of America (JA) has met with US lawmakers and congressional staff to discuss trade and tax concerns affecting its members.
Why the market for large diamonds is in free fall ? 4 factors are driving the slowdown
As the who’s who in the glitzy world of high-value diamond auctions gathered in Geneva in May, there was an understated tone to this year’s pilgrimage to the Swiss city.
China will not surpass US in retail sales due to trade conflict
MarketWatch.com reported that “China is unlikely to surpass the U.S. in retail sales this year as previously expected thanks to the damaging effect of the current trade conflict between the two powers, but that milestone is likely to happen in 2021.“
The diamond business starts to embrace traceability
It’s become clear: Consumers want firm guarantees that their diamonds are not associated with bad things. So do governments. And the industry is—perhaps belatedly—stepping up its efforts to offer that. Transparency and tracking have suddenly become “in.”
De Beers cuts prices as rough sales slide
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector.
Trump’s tariffs taunting to Indian diamond industry
Following the United States’ decision – by means of a decree by President Donald Trump- to withdraw benefits under the Generalised System of Preference (GSP), the price of polished diamonds exported by India to the US will increase with seven to eight percent, according to rating agency CRISIL.