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.
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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.
Indian Tax Office lightens exporters’ load
Diamond exporters will be allowed to ship goods out of India for trade shows or consignment without paying goods and services (GST) tax, the government has announced.
De Beers wins grant for carbon-neutral project
De Beers Group just got a little help from the Canadian government in its quest to come up with a way to make diamond mining carbon neutral.
The long, troubling tale of Marange diamonds
This week, Russian diamond miner Alrosa announced that it had signed a joint venture agreement to explore for diamonds in the Chimanimani area of Zimbabwe.
Diamond glut prompts De Beers to slash production
De Beers has lowered its production forecast for this year, noting that weakness in the diamond trade negatively affected its performance in the second quarter.
Bulgari, Hublot sales strong for LVMH
LVMH reported double-digit revenue growth in its first-half results, boosted in part by a strong performance from its watches and jewelry division.