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.
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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.
“With the DDI, we can build a responsible diamond industry!” – Élodie Daguzan, Rubel & Ménasché, Goodwill Ambassador for the DDI
The Annual General Meeting of the Diamond Development Initiative (DDI) was held in Ottawa on 27 and 28 April. Élodie Daguzan, the new Goodwill Ambassador for the DDI and Head of Communication at the Parisian diamond company Rubel & Ménasché, had the pleasure of attending this AGM.
India trade looks to ease banks’ concerns
India’s diamond industry is working to produce guidelines for banks to reduce their risks when lending to the trade.
Consumers could spend $4.6B on jewelry this Mother’s Day
Consumers are planning to spend as much as $4.6 billion on jewelry for Mother’s Day this year, according to the National Retail Federation.
Tiffany’s element of surprise
There is some anticipation for the coming months at Tiffany & Co. A year after joining the company, its celebrated chief artistic officer Reed Krakoff is readying to launch his first new jewelry collection on the job.
Kering jewelry lines see strong first quarter
Kering reported buoyant jewelry-and-watch sales in the first quarter, driven by new collections and extensions of certain product lines.
Swiss watches see highest growth in six years
Robust demand for steel watches drove Swiss timepiece exports upward in March, closing off the industry’s strongest quarter of growth in six years.
Blue diamond sets new world record at Sotheby’s
An ultrarare 3.47 ct. fancy intense blue diamond ring sold for $6.7 million at Sotheby’s latest Magnificent Jewels in New York City on April 19.