Chinese group buys Italian luxury jeweler
Chinese conglomerate Gangtai Group agreed to acquire an 85 percent stake in high-end jeweler Buccellati from Italian equity firm Clessidra, Reuters reported.
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Israel diamond trade signs deal with tax authority
Israel’s diamond industry reached an agreement with authorities on a new law that exempts traders from paying taxes if they incur a loss.
What 2017 has in store for the world’s largest rough diamond
Vancouver B.C., Canada–The Lesedi la Rona, the world’s largest discovered diamond that’s still in rough form, likely will be offered for sale again in 2017.
De Beers sales of $418 million at sight as demonetization hits lower value items
De Beers said the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the tenth sales cycle of 2016 was a provisional $418 million.
Kering adopts new maternity, paternity leave policy
This holiday season, Kering employees have received a substantial gift for the new year.
Israel gearing for diamond market recovery – five-minute interview: Yoram Dvash
Israel’s diamond industry has undertaken several initiatives this year to lift the level of trading, and morale, in an otherwise challenging market environment.
Rough supply signals shift in balance of power – Insights
Profit is the new turnover in the diamond trade. As retail inventory levels continue to shrink due to recession-driven efficiencies, the trade has had to change its mindset.
Merlin finds first blue diamond at Australia mine
Merlin Diamonds recovered a 0.124-carat blue diamond at its mine in Australia, which it claims is the first stone of that color to be excavated at the site.
Clouds of rubies and sapphires, a thousand light years away
Scientists believe the clouds of a planet in a far-off galaxy could be made of the same materials that make up precious jewels.
Indian gems and jewelry trades still feeling shockwaves from demonetization
A month after the sudden announcement by the Indian government that it was withdrawing 500 and 1,000 rupee notes as part of a battle against corruption, the shockwaves are still being felt by the country’s diamond industry from the so-called demonetization.
Producers from the DPA, part 5: Lucara and Petra Diamonds, rare diamonds and targeted investments
For this latest edition of gem producers from the DPA, we are heading to Africa, more precisely to African mines, to meet the last two “large” junior gem producers that are DPA partners: Lucara Diamond Corporation and Petra Diamonds Limited.
The 2016 Global Diamond Report is out
Antwerp–The Antwerp World Diamond Centre and consulting firm Bain & Company have released their sixth annual global diamond jewelry report.