Pink diamonds shine at Alrosa polished auction
Alrosa garnered $1.2 million at its colored diamond auction in Israel this month, noting good demand for rare pink stones.
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Mobile shoppers create record Black Friday and Thanksgiving online sales
Record Black Friday and Thanksgiving online sales were recorded in the United States with consumers buying more on their mobile devices and generating encouragement ahead of the holiday season.
Chow Tai Fook jewellery group posts big rise in net profit
Hong Kong-based Chow Tai Fook Jewellery Group, one of the largest jewelry retailers in the world, reported that its net profit soared 46 percent to HK $1.78 billion (approximately US$227 million) in the first half of fiscal year 2017/2018.
Story of the Peace Diamond: it takes a village
Pastor Emmanuel Momoh tells the story of discovering the world’s 14th-largest diamond.
Is the Apple Watch a real threat to watchmakers?
In early October, I interviewed Horace Dediu, a Romanian-American tech analyst based in Finland who focuses on Apple products, as part of a larger story I was working on about watch brands that sell more than $1 billion at retail annually.
Will UAE’s VAT be a hurdle for its growth as a major diamond hub?
The recent news that the United Arab Emirates (UAE) will be introducing 5 percent value-added tax (VAT) from January 2018 on both, rough as well as polished diamonds, has stirred and shaken the Indian diamond industry which has close business affiliations with the country.
Diamond Producers Association releases new generic ads
Diamond Producers Association (DPA), the 2-year-old group responsible for category-driving advertising for the diamond industry, has released several new ads intended to promote diamonds for the holiday.
Luxury institute offers top 10 tips for boosting luxury goods sales
A recent gathering considered changes in the luxury market expected during 2018, looking at factors such as the financial challenges of millennials, the increasingly omnichannel nature of the customer experience and the increasing importance of data and artificial intelligence in building relationships.
Lab-grown diamonds become a bandwagon
Yes, many in the industry remain wary of lab-grown diamonds, and events like the report of a fake GIA inscription certainly don’t help matters.
It’s crucial everybody feels confident that their suppliers use the System of Warranties – Stephane Fischler
The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) launched this package of measures to strengthen the Kimberley Process Certification Scheme (KPCS)
DPA signs MoU on diamond promotion with French UFBJOP and LFG
The Diamond Producers Association (DPA) signs a partnership agreement with the French Union Française de la Bijouterie, Joaillerie, Orfèvrerie, des Pierres et des Perles(UFBJOP) and the Laboratoire Français de Gemmologie (LFG).
Flawless diamond breaks record at Christie’s
A necklace featuring a 163.41-carat diamond fetched $33.7 million at Christie’s Geneva sale on Tuesday, setting a record price for a D-color, flawless stone sold at auction, Christie’s said.