Millennials more likely to think engagement rings symbolize ownership
Millennials approve of the engagement ring tradition slightly less than past generations—and are more likely to think a ring symbolizes ownership.
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Peace Diamond sells to Graff for $6.5 million
On Dec. 5, the much-touted Peace Diamond sold for $6.5 million via online auction, to a high-profile bidder but with a lower-than-expected price.
De Beers taps Blockchain for diamond tracking
De Beers is investing in blockchain technology that will enable the industry to trace a diamond’s entire transaction history.
AWDC and GJEPC collaborating on MyKYCBank Pp
The Antwerp World Diamond Centre (AWDC) and India’s Gems and Jewellery Export Promotion Council (GJEPC) are joining forces in rolling out an industry-wide Know-Your-Customer (KYC) exchange platform, MyKYCBank.
Erik Jens leaves ABN AMRO
Erik Jens, long considered the most powerful banker in the diamond industry, is leaving his post at ABN AMRO’s diamond desk.
DMCC confirms Ahmed Bin Sulayem to be chairman of Dubai Diamond Exchange
Ahmed Bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre (DMCC), is to take over as Chairman of the Dubai Diamond Exchange (DDE) after Peter Meeus steps down on January 31, the DMCC confirmed. Meeus will become DDE Honorary Chairman.
Affluent millennials favor Tiffany and Rolex, represent growing luxury market
Affluent millennials favor traditional luxury brands like Rolex and Tiffany, but also seem predisposed to high-end brands that engage in content marketing, a new survey by MVI Marketing found.
The Scoop on Meghan Markle’s Jewelry in Prince Harry engagement portraits
Actress Meghan Markle, the newly announced future British royal, wore two pretty pieces of jewelry in her first official portrait session with hubby-to-be Prince Harry of Wales, which was released today.
Pink diamonds shine at Alrosa polished auction
Alrosa garnered $1.2 million at its colored diamond auction in Israel this month, noting good demand for rare pink stones.
Letšeng finds seventh big diamond of the year
Gem Diamonds recovered a 202-carat rough diamond at its Letšeng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found this year to seven, it said Wednesday.
Mobile shoppers create record Black Friday and Thanksgiving online sales
Record Black Friday and Thanksgiving online sales were recorded in the United States with consumers buying more on their mobile devices and generating encouragement ahead of the holiday season.
Chow Tai Fook jewellery group posts big rise in net profit
Hong Kong-based Chow Tai Fook Jewellery Group, one of the largest jewelry retailers in the world, reported that its net profit soared 46 percent to HK $1.78 billion (approximately US$227 million) in the first half of fiscal year 2017/2018.