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The diamond industry is out of balance. The rough diamonds produced at mines only partially fit current consumer demand. This may explain why price movement is restrained. Meanwhile, among lab-grown goods, matters are a little more lively.
Press release – First-Ever Comprehensive Report on the Reality of Modern Diamond Mining Reveals its Impact on Local Communities, Challenges Stereotypes and Identifies Areas for Further Improvement.
Christie’s New York auction will feature a 17.21-carat diamond given to Queen Charlotte of Great Britain by a regional ruler in India.
The Gemological Institute of America’s (GIA) famed grading lab is enhancing its Know Your Consumer (KYC) program to better insure that only reputable companies are submitting gems.
Lucara Diamond has unearthed a whopping 1,758 ct. diamond at its Karowe mine in Botswana, which is now considered the second largest piece of rough ever found.
The Shirley Temple Blue Diamond failed to sell at auction in 2016, but now it’s found a new life.
Swiss watch exports rose 4.4% to CHF 1.74 billion ($1.72 billion) in March as UK retailers continued to stockpile in preparation for Brexit.
Kering noted strong sales in its jewelry-and-watch division in the first quarter, amid growing Asian demand and a positive reception at the Salon International de la Haute Horlogerie (SIHH) fair in Geneva.
[On 15th April], U.S. State Department officials delivered a blunt message to industry groups and companies at a meeting in New York City: Jewelry businesses must know and declare where all their materials originate from or they will be subject to new regulations.
Press release – Senior officials of the World Diamond Council (WDC) have provided an overview of the organization’s revised System of Warranties (SoW), during two sessions on April 24 at the 13th Forum on Responsible Mineral Supply Chains of the Organization for Economic Cooperation and Development (OECD) in Paris.
Press release – GemFair, a pilot project developed by De Beers Group, that aims to create a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds, is scaling up its operations in Sierra Leone
RJC has launched its new Code of Practices (COP).The COP defines responsible, social and environmental business practices for companies in the jewelry supply chain and commits members to adhere to a robust set of comprehensive auditable standards.