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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.
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 (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.
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.
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.
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)
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).
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.
The average price of an engagement ring is now $6,351—a significant rise from the $5,095 recorded in 2011, according to The Knot 2017 Jewelry & Engagement Study.
Sarine Technologies’ sales slid in the third quarter as a buildup of polished inventories resulted in manufacturers investing less in their operations.
Fraudsters forged a Gemological Institute of America (GIA) inscription on a synthetic diamond to make it appear that the stone was the true bearer of a natural-diamond grading report, the institute said.
Lebanese jewelry brand Mouawad is back at it.