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Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. The rise in wholesale polished diamond prices started in December, as wholesalers witnessed a late rise in demand from US retailers.
De Beers chief executive officer Bruce Cleaver talked with JCK Thursday 20th of February, following the release of his company’s preliminary financial results for 2019. The results were, to no one’s surprise, not very good, with total revenue falling 24% and rough diamond sales falling 26%.
Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and external challenges, its CEO said.
Over the past 10 years, fancy color diamond prices have increased 77 percent. That’s according to newly released information from the Fancy Color Research Foundation (FCRF).
Chow Tai Fook will temporarily suspend operations at more than 40 locations in Hong Kong and Macau following a rise in the coronavirus epidemic.
Global health officials estimate the coronavirus outbreak is responsible for 1,300 deaths worldwide as of Thursday the 13th, and its effects are rippling through the global economy.
India’s diamond industry has asked banks and the government for help with its credit difficulties, as the coronavirus crisis has left clients in China and Hong Kong unable to pay bills. The Gem and Jewellery Export Promotion Council (GJEPC) wrote to 30 lenders and the commerce and finance ministries Tuesday 11, requesting more time to […]
Livia Firth, co-founder and creative director of Eco-Age, and acclaimed film director Andrew Morgan reunite for The Diamonds of Botswana, the third Fashionscapes film. The short documentary follows Livia as learns first-hand about the impact of diamond mining in a country that has unearthed some of the worlds most precious stones.
Edward Asscher, president of Royal Asscher Diamond Company, will take over as president of the World Diamond Council (WDC) in June for a two-year term.
Tiffany & Co.’s shareholders have voted overwhelmingly in favor of the retailer’s acquisition by LVMH, the French conglomerate announced.
Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.
De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.
