IDMA, WFDB consider joining forces
The International Diamond Manufacturers Association (IDMA) is considering an alliance with the World Federation of Diamond Bourses (WFDB) in response to the crisis in the global cutting sector.
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Diamond Empowerment Fund announces millennial proposal contest
The Diamond Empowerment Fund (DEF) debuted a contest today targeting millennial couples whose proposal involved a diamond engagement ring.
Major US retailers embrace synthetic diamonds
Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy’s and Jewelry Television (JTV) anticipating strong growth in the category.
Prices rise for pink and blue diamonds
Pink and blue fancy-color diamonds saw price increases in the third quarter, while yellows dipped, according to the Fancy Color Research Foundation (FCRF).
Petra adds ex-De Beers exec to board
Petra Diamonds has appointed former De Beers executive Varda Shine as a non-executive director in line with a plan to refresh its leadership, the miner said Monday.
ALROSA pilots Tracr platform
Press release – Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with industry stakeholders, is pleased to announce that Alrosa has joined the platform’s pilot programme.
Richemont forms joint venture with Alibaba
Talk about an odd couple: Richemont, the owner of Cartier and Van Cleef & Arpels, is forming a strategic partnership with Alibaba, the Chinese mega marketplace sometimes criticized for hosting counterfeits and dodgy listings.
Alrosa pilots GIA’s M2M program
Press release – GIA (Gemological Institute of America) announced today that Alrosa, the world’s largest producer of rough diamonds, is piloting in the Institute’s M2M program.
Here’s how consumers plan to shop this holiday season
The NPD Group polled a group of consumers to gauge their holiday 2018 shopping plans, and participants indicated more interest in brick-and-mortar shopping than last year.
The 10 trends that will shape retail in 2019
From greater personalization to “social shopping,” retailers are finding technologically driven ways to meet shoppers’ needs, says “The Trends Shaping 2019,” a new report from credit card company Alliance Data.
Zimnisky talks about pink diamonds, De Beers’ Lightbox
An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva.
IDE expands partnership with Alibaba, launching venture at CIIE in Shanghai
Israeli diamonds will now be offered for sale directly to Chinese consumers on Alibaba’s luxury platform, Ali Auction (paimai.taobao.com).