De Beers sales sink to lowest level since 2015
De Beers’ rough-diamond sales plummeted 53% this month as customers accepted the miner’s offer to defer purchases until the market improves.
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Tiffany launching new men’s jewelry, accessories this fall
Tiffany & Co. will release a slew of men’s products under the new moniker—wait for it—“Tiffany Men’s.”
De Beers rough diamond sales for Cycle 6, 2019
Press release – US$250 Million (Provisional)
Is the diamond industry really in a crisis?
Diamond industry conditions have recently been described as a “crisis.” In some segments of the industry anecdotes of “no business” have surfaced as well as “no demand” for certain categories of diamonds.
ALROSA reclaims over 4 mln sq m of industrial lands
Press release – Over the past 13 years, ALROSA has allocated more than 950 million rubles (about $15 million) for the implementation of a program to reclaim, eliminate dusting facilities, and recreate a comfortable environment in the areas where the company operates.
Matters of import: how tariffs could affect the trade
US retailers will feel the impact of levies on Chinese products. Those that innovate and diversify will have an advantage.
Famous Argyle to close in 2020
The closure of the world’s biggest diamond mine Argyle, in the Kimberly region of northern Australia – has drawn the attention of the international business press. In July, Bloomberg‘s diamond specialist Thomas Biesheuvel and his colleague David Stringer wrote an extensive piece about it.
GIA to advertise country of origin diamond reports
The Gemological Institute of America (GIA) will spotlight its country of origindiamond reports in its consumer advertising this holiday.
Kering’s jewelry brands see double-digit growth in H1
Luxury conglomerate Kering posted strong results for the first half of its fiscal year, seeing double-digit growth in overall revenue and from its jewelry brands.
De Beers CEO: diamond industry malaise will pass
The current malaise in the diamond industry is serious, but it will pass, De Beers Group chief executive officer Bruce Cleaver (pictured) tells JCKfollowing the recent release of the company’s financial results.
ALROSA July sales of rough and polished diamonds reached $170.5 million
Press release – ALROSA Group, the world’s largest diamond miner, announces diamond sales results for July and seven months of 2019.
FCRF: pink diamonds outperformed blues and yellows in second quarter of year
The Fancy Color Research Foundation (FCRF) reported that for the second quarter of the year the Fancy Color Diamond Index (FCDI) indicated a decrease of 0.1 percent in overall prices of fancy color diamonds.