Tiffany Shareholders Approve LVMH Acquisition
Tiffany & Co.’s shareholders have voted overwhelmingly in favor of the retailer’s acquisition by LVMH, the French conglomerate announced.
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Graff unit signs polishing deal with Lucapa
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 overhaul of supply policy
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.
World Diamond Council proudly announces appointment of Elodie Daguzan as its new Executive Director
Press release – Elodie Daguzan is to become the new Executive Director of the World Diamond Council (WDC), following the approval of her appointment by the organization’s Board of Directors. She will officially assume duties on February 1, 2020.
UK secures deal to keep rough trade alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.
Diamond prices stable after year of declines
1 ct. RapNet Diamond Index -5.3% in 2019.
2019: a year of mixed fortunes for a diamond industry that is heading for a steadier future
Significant changes have been deeply rooted in the diamond industry over the past ten years. The industry that we see now, in early 2020, is in step with a calmer future, which is progressively and more precisely taking shape.
This is how a confusing diamond decade played out
Because the diamond industry is one of slow-paced, moderate changes, it’s worth examining these over a decade of activity. What’s happened between the time the industry clawed its way out of the Lehman Brothers crises to the current deep slump? Considering the many conflicting changes, it was a confusing diamond decade.
The diamond market will recover, though not yet, report says
The diamond market will likely overcome its current challenges by 2021, but until then it will weather another bumpy year or two, according to the annual report on the diamond industry prepared by Bain & Co. and Antwerp World Diamond Centre.
The next diamond decade – The roaring ’20s
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview […]
ABN Amro tightens diamond lending terms
ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.
What Tiffany’s acquisition means for the jewelry industry
Life as the resident retail reporter at National Jeweler can be a bit of a bummer.