The R&M “Lettre”

It’s time to break the rough supply cycle. 

One hundred and twenty years after the first miners began panning for gold in the Yukon River, RESOLVE, a solutions-focused NGO, announced the launch of Salmon Gold, an innovative approach to sourcing gold responsibly and restoring fish habitats in Alaska, the Yukon Territory, and British Columbia, with its partners, Tiffany & Co. and Apple.  

It is a diamond that will hold records in Russia for a long time. 

Sales at Tiffany slipped in the second quarter, as purchases by foreign tourists decreased in the Americas and Asia Pacific.

De Beers’ rough-diamond sales plummeted 53% this month as customers accepted the miner’s offer to defer purchases until the market improves. 

Tiffany & Co. will release a slew of men’s products under the new moniker—wait for it—“Tiffany Men’s.”

Press release – US$250 Million (Provisional)

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.

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.

US retailers will feel the impact of levies on Chinese products. Those that innovate and diversify will have an advantage.

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. 

The Gemological Institute of America (GIA) will spotlight its country of origindiamond reports in its consumer advertising this holiday.