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Last year, Australia’s Argyle diamond mine closed after 37 years of operation. [In March], Melbourne University Publishing released Argyle: The Impossible Story of Australian Diamonds, a comprehensive history of the mine by Stuart Kells.
Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned.
The diamond industry, which bounced off the bottom in July and August last year, received a strong support from the strong holiday jewellery sales, and in 2021, it is ready to compete in the growth rates with other beneficiaries of the global economic recovery from the COVID-19 pandemic.
Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs.
How well has the prominent Asian country weathered the crises of the past year, and what are its prospects for growth?
The GIA said it recently received more stones with counterfeit GIA report number inscriptions on their girdles.
Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert.
Increased synthetic-diamond production led to a price drop last year, giving lab-grown a greater share of the fashion-jewelry market, according to Bain & Company. Production of lab-grown diamonds has seen double-digit growth over the past two years, reaching 6 million to 7 million carats in 2020, Bain said Monday [February 8] in its annual report on […]
The diamond supply chain will return to pre-pandemic levels between 2022 and 2024, led by economic recoveries in China and the US, according to Bain & Company.
The saying is what goes up, must come down. However, in the diamond jewelry industry, the opposite is equally true: what goes down, must come up. A dive and a bounce back. So while 2020 was a challenging year, it recovered quickly, and all came together in the fourth quarter.
2020 was a rollercoaster year. A year in which all our certainties were shaken up. Yet, we do all we can to base our professional (and often personal) decisions on certainties, in our quest to always make the “best” decisions.
While the pandemic brought about an unprecedented shock to the whole diamond value chain in 2020, in a way it may also have acted as a catharsis of sorts for an industry that has been struggling to regain footing in recent years, in part due to a misalignment of supply and demand.