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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, long considered the most powerful banker in the diamond industry, is leaving his post at ABN AMRO’s diamond desk.
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 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.
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.
Alrosa garnered $1.2 million at its colored diamond auction in Israel this month, noting good demand for rare pink stones.
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.
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.
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.
Pastor Emmanuel Momoh tells the story of discovering the world’s 14th-largest diamond.
In early October, I interviewed Horace Dediu, a Romanian-American tech analyst based in Finland who focuses on Apple products, as part of a larger story I was working on about watch brands that sell more than $1 billion at retail annually.
The recent news that the United Arab Emirates (UAE) will be introducing 5 percent value-added tax (VAT) from January 2018 on both, rough as well as polished diamonds, has stirred and shaken the Indian diamond industry which has close business affiliations with the country.