These were the top producing diamond mines in 2016
While diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam.
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Diamond Producers Association announces 2017 marketing budget of $57M
The Diamond Producers Association (DPA) announced at the JCK show in Las Vegas that its 2017 full-year marketing investment of $57 million has been approved by its board of directors. The figure more than quadruples last year’s budget.
James Allen, CanadaMark, and the growing trend towards origin tracking
This week, James Allen and Dominion Diamond Corp. signed a deal that will give the e-tailer online exclusivity for Dominion’s CanadaMark brand.
Report sees luxury sector sales rising – But challenges abound
Has the luxury market turned a corner, helped by a recovery in sales in mainland China and elsewhere? After decreasing by around one percent in 2016 – the first decline in seven years – the personal luxury goods market appears to be turning around, according to new research from the business consultancy Bain & Co.
World Bank sees India’s economy growing at global high of 7.2% in 2017-18
The World Bank believes the demonetization of high value currency notes last year and the upcoming introduction of the goods and services tax (GST) will help India’s economy to grow by 7.2% in fiscal year 2017-18 – the highest rate in the world.
New GIA program tracks diamonds through the pipeline
Gemological Institute of America is unveiling a new service that tracks the origin of select polished diamonds—and provides the retailer with a new way to tell a stone’s story.
‘Diamonds Do Good’ consumer campaign reaches over 3 million millennials
Seminar at JCK Will Help Retailers Convey Diamonds Do Good Message In Store.
Forevermark Marks milestone with two millionth diamond inscription
De Beers Group today announced its Forevermark diamond brand has inscribed its two millionth diamond. The diamond is a 3.48-carat round brilliant and bears the unique inscription of ‘2,000,000’.
Self-purchasing customers down on traditional jewelry stores
The self-purchasing customer is a big fan of jewelry, but has mixed feelings about standard jewelry stores, according to new research released by MVI Marketing.
World Diamond Mark to hold launch event at JCK Show
The World Diamond Mark Foundation (WDM) will launch Part of You™, its global diamond retailer promotion campaign, and its new B2C website: www.passion.diamonds at JCK LUXURY in Las Vegas on June 4.
Hong Kong dealers face random synthetics checks
Hong Kong’s diamond-promotion body plans to start checking wholesalers’ inventory for synthetics, as part of a program aimed at boosting consumer confidence and giving retailers better peace of mind.
Alrosa, Angola sign deal on new $35B mine
Alrosa has partnered with Angolan national diamond company Endiama to develop the African nation’s largest kimberlite deposit, claiming the project could be worth more than $35 billion.