ALROSA sells rough and polished diamonds worth USD 337.6 million in October
ALROSA Group, the world leader in diamond production, announces diamond sales results for October and ten months of 2017.
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You can now really have breakfast at Tiffany
Four years ago, while mystery-shopping Tiffany, I asked the sales clerk if you can have breakfast at Tiffany. He said no, but that’s the question he’s asked most often.
Fancy color diamond price index climbs slightly in Q3
The Fancy Color Diamond Index for the third quarter of 2017 indicates a slight rise overall of 0.2 percent over Q2 2017, for yellow, pink and blue fancy color diamonds in all sizes and saturations.
Industry bodies agree to harmonise Diamond Blue Book and IDC nomenclature
CIBJO, the World Jewellery Confederation, the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have fulfilled the final stage of an agreement, by which the nomenclature used by the International Diamond Council (IDC) will now be harmonized with that of CIBJO’s Diamond Blue Book.
De Beers 2018 Sight dates
The Sight dates for 2018 are confirmed as follows:
Is Bitcoin good for diamonds?
While some see opportunity, others question its stability.
Alrosa moving to annual rough allocations
Alrosa will start assessing its clients’ rough-diamond needs annually rather than every three years, beginning in its next contract period — a move that will give the Russian miner more opportunity to match supply with demand.
IDE elects Yoram Dvash to serve as President for second term
Israel Diamond Exchange (IDE) President Yoram Dvash was re-elected earlier this week for a second term of three years at a General Assembly of bourse members, the IDE said in a statement.
Holiday season outlook upbeat as shoppers say they will increase Spending
Following the annual Bain & Company report last week on global luxury sales which indicated that sales have increased
China and India, the next fastest growing diamond jewellery markets
When the Diamond Producers’ Association(DPA) upped their budget to $60 mn recently for generic promotion of diamonds and diamond jewellery, confidence seemed to return to the global diamond industry.
Planned 5% VAT on loose diamonds continues to creates waves in India and UAE
A proposed new 5% value added tax (VAT) on loose rough and polished diamonds in the United Arab Emirates (UAE) due to start being imposed next January has created huge waves both in the UAE and in India which imports and exports from Dubai.
Selling for $17.8M, Paul Newman’s Rolex sets record
The Rolex Daytona that once belonged to Paul Newman sold for $17.8 million Thursday evening, becoming the most expensive wristwatch ever sold at auction.