ALROSA considering bid for diamond polisher Kristall
ALROSA may acquire Russia’s major diamond polisher, Kristall, in a bid to support the country’s gem-cutting industry and help create a stronger competitor to global group De Beers.
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De Beers’ plan to use modern technology on an old problem
In the early 2000s, as the Kimberley Process was being forged, an NGO activist told me the best answer to post-war Sierra Leone’s diamond woes just might be De Beers reopening a buying office there. He fretted the company would never do that, as it feared the public relations repercussions.
Historic 6-carat ‘Farnese Blue’ diamond sells for $6.7M
A diamond passed down through generations of European royals now belongs to one anonymous buyer who paid $6.7 million for it.
De Beers: consumer demand for diamond jewelry hits record $82B
Global consumer demand for diamond jewelry hit a new all-time high in 2017, climbing to $82 billion, a 2% increase on the previous year, according to industry insight data published by De Beers Group.
De Beers Group successfully tracks first diamonds from mine to retail on industry blockchain
Press release – De Beers Group today announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform
Blues top fancy color prices
Fancy blue diamonds outperformed other major color categories in price terms during the first quarter, the Fancy Color Research Foundation (FCRF) said.
AWDC & GJEPC launch MyKYCBank partnership at banking summit in Mumbai
The Antwerp World Diamond Centre (AWDC), together with India’s Gem & Jewellery Export Promotion Council (GJEPC), have launched a know-your-customer (KYC) exchange platform, called MyKYCBank.
UAE scraps tax on diamonds
The United Arab Emirates (UAE) has exempted trading in gold, diamonds and precious metals from value-added tax (VAT), according to government news outlets.
Buffett store to sell world’s largest pink synthetic
A synthetics manufacturer has partnered with Warren Buffett-owned jewelry retailer Borsheims to unveil what it claimed was the largest pink lab-grown diamond in the world.
CIBJO sets up industry-wide working cttee on responsible sourcing guidance
CIBJO, the World Jewellery Confederation, has announced the establishment of an industry-wide working committee to formulate Responsible Sourcing Guidelines specifically for the jewelry, gem and precious metals sectors.
You can now ride in a Tiffany blue taxicab
Blue taxicabs. Blue subway passes. And even blue coffee carts. Holly Golightly would think she had died and gone to heaven.
Tiffany & Co.’s first collection from Reed Krakoff was inspired by paper flowers
Reed Krakoff, the former fashion designer Tiffany & Co. tapped to be its chief artistic officer in January 2017, has debuted his first collection for the iconic jewelry house—a platinum-and-gemstone line that takes inspiration from the cutting and layering of paper flowers.