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With the danger of boring some readers at first instance, it is necessary to dedicate yet one more memo to the five-day-long Kimberley Process Intersessional Meeting (KPI) that closed last week in Mumbai, India.
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector.
Following the United States’ decision – by means of a decree by President Donald Trump- to withdraw benefits under the Generalised System of Preference (GSP), the price of polished diamonds exported by India to the US will increase with seven to eight percent, according to rating agency CRISIL.
The discovery of a new source-rock indicator for diamond formation has the potential to help geologists locate and identify valuable diamond deposits around the world, a study by the University of Alberta and De Beers shows.
New Executive Director and chairman outline their strategy.
Christie’s sale of historic Indian jewelry and art was expected to be big, and it did not disappoint.
Presse release – US$390 million (provisional)
Are we on the verge of the gold rush—the sequel?
Press release – As Kimberley Process considers options for strengthening KPCS, WDC urges that consumers’ concern for product integrity be addressed.
The wider diamond world is engaging with the small-scale mining sector and taking steps to encourage better standards.
The midstream of the diamond industry is feeling a bit glum right now, Rapaport senior analyst and news editor Avi Krawitz said during a seminar on “Surviving a Turbulent Diamond & Jewelry Market,” held as part of the JCK Las Vegas educational program on May 30.
Lightbox Jewelry, the De Beers–owned lab-grown jewelry brand that’s set the low price bar for lab-created diamonds ($800 per carat), debuted a handful of trendy new jewelry styles at this year’s Luxury show in Las Vegas.