How the Coronavirus is impacting the jewelry industry
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.
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GJEPC: Coronavirus may lead to payment delays
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 […]
The Diamonds of Botswana
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.
Asscher to lead World Diamond Council
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 Shareholders Approve LVMH Acquisition
Tiffany & Co.’s shareholders have voted overwhelmingly in favor of the retailer’s acquisition by LVMH, the French conglomerate announced.
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.