Harris Poll: young Americans do not place a high value on engagement rings
A survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade showed these findings
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Rough prices set for slump – analyst
Rough-diamond prices are likely to fall 5% this year as weakness in the industry continues, Panmure Gordon analyst Kieron Hodgson has predicted.
India introduces 8 digit HS code for synthetic rough diamonds
Press release – India has become one of the early adopters of distinct HS Codes for both rough and polished synthetic diamonds with the Hon’ble Finance Minister Smt Nirmala Sitharaman introducing an amendment to create a separate 8 Digit code for laboratory-grown rough diamonds
Global diamond production value rises
Global rough-diamond output grew 2% to $14.47 billion last year, reflecting higher production in Botswana, according to data the Kimberley Process (KP) released last week.
India hikes import tax on precious metals
India’s Gem & Jewellery Export Promotion Council (GJEPC) has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in further job losses.
Gucci forays into high-end jewelry
Luxury fashion house Gucci has made a move into high jewelry with the inauguration of its first boutique and a collection by creative director Alessandro Michele.
Truth matters
Much has been said about the relative merits of natural diamonds and laboratory-grown diamonds (LGDs) when it comes to their environmental impact. The DPA published in May a report produced by TRUCOST ESG Analysis, part of S&P Global, which quantified the annual socio-economic and environmental impact of the DPA members’ diamond mining activities
Goodbye, IIGDR: De Beers has renamed its grading lab
De Beers’ grading lab—formerly known by the unwieldy name, the International Institute of Diamond Grading & Research (IIDGR)—has been rechristened De Beers Group Industry Services, spokesman David Johnson tells JCK.
Israel Diamond Exchange promoting natural diamonds
The Israel Diamond Exchange (IDE) has launched a new campaign to promote natural diamonds with a series of videos that will be posted to social media.
Net-a-Porter debuts new high-end jewelry site
Today, e-tailer Net-a-Porter is launching EIP Privé, an invitation-only site that will offer high-end jewelry and watch brands.
Stop buying rough
The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade.
Tariffs, taxes top JA Washington agenda
A delegation from Jewelers of America (JA) has met with US lawmakers and congressional staff to discuss trade and tax concerns affecting its members.