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
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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.
Labs launch credit card-sized grading reports
HRD Antwerp and the International Gemological Institute (IGI) have both released credit card-sized diamond reports, aiming to make grading more efficient for traders.
ALROSA’s Vinikhin visits Israel to display Dynasty collection
Pavel Vinikhin, Director of DIAMONDS ALROSA, the company’s polishing branch, visited Israel on Thursday and sat down with IDEX to discuss the purpose of his visit.
Analysis: the state of the diamond industry
New York–Although there is no way of knowing how many undisclosed lab-grown diamonds are circulating, analyst Chaim Even-Zohar estimates approximately $750 million worth of gem-quality man-made diamonds entered the supply chain in 2016.
ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand
ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division.
ALROSA mined a unique 34.17-carat yellow diamond
ALROSA’s affiliate Almazy Anabara has extracted a large 34.17-carat yellow diamond. It is the largest fancy-colored rough diamond extracted by the Company this year.
Russia is leading in global diamond production in 2016
The Kimberley process with its 54 member-countries made the statistics on of the rough diamond production and trade open and available for studies by all the countries in the world.
World Diamond Council holds 13th annual meeting in Dubai
The World Diamond Council (WDC), which prevents conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, concluded its 13th annual meeting this week in Dubai.
Dubai factory to cut 813ct. Constellation
Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond.