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Earlier during the week of 1st April, news broke that the FTC (Federal Trade Commission) had sent letters to eight companies warning them that their advertisements for lab-grown diamond jewelry or diamond simulants (CZ, moissanite, etc.) could be deceptive.
Press release – US$575 million (provisional).
Alrosa has signed anagreement with Angola’s state-run diamond-mining company to develop joint projects and share information.
De Beers sightholders are bracing for lower rough supply for the rest of 2019 as the miner reduces its production and fulfills its commitments to support local manufacturing in Africa.
The National Bank of Fujairah (NBF) has launched a representative office in Antwerp as it looks to expand its business lending to established diamond traders.
The Diamond Producers Association has launched a diamond e-learning program for U.S. retailers.
GIA (The Gemological Institute of America) announced it will introduce the GIA Diamond Origin Report service which will confirm the country of origin of polished diamonds.
Tiffany & Co. is continuing its relationship with Lady Gaga, using one of the dozen songs the Academy Award winner penned for “A Star Is Born” in its new advertising campaign.
In a long-awaited decision, Gemological Institute of America (GIA) has opted to change its reports for lab-grown diamonds by jettisoning the word synthetic, though it will still use a different grade scale than it does for naturals.
On April 2, the Federal Trade Commission (FTC) announced it had sent eight letters to jewelry marketers warning them that some of their online advertisements for jewelry made with lab-grown diamonds or diamond simulants may deceive consumers.
In her address to the 6th Forum of the Africa-Belgium Business Week, held in the Belgian town of Genval, Marie-Chantal Kaninda, Executive Director of World Diamond Council (WDC), expressed the WDC’s optimism that Central African Republic (CAR) will soon be able to resume the unrestricted export of rough diamonds, supported by the Kimberley Process Certification […]
The Gemological Institute of America (GIA) has updated the language in its lab-grown-diamond certificates to conform to the recent Federal Trade Commission (FTC) guidelines.
