Rio Tinto reaches 100 million carats milestone at Diavik mine
Rio Tinto has announced that its Diavik Diamond Mine in Canada has produced 100 million carats of rough diamonds since it opened in 2003.
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Lab-Grown diamond sales triple but are still small
NPD Group data also shows that falling diamond prices don’t necessarily help retailer margins.
Diamond Congress raises marketing expectations
The diamond industry stressed an urgent need for boosting consumer demand through effective marketing during the opening day of the World Diamond Congress (WDC) in Dubai on Tuesday.
Jewelry demand propels Richemont to growth
Richemont’s jewelry sales in the past fiscal year jumped after strong demand outweighed a decline in appetite for watches.
‘Oppenheimer Blue’ fetches record $58M at auction
Christie’s smashed the world auction record for a jewel as it sold the ‘Oppenheimer Blue’ diamond ring for $57.5 million (CHF 56.8 million) in Geneva on Wednesday.
Namibia and De Beers sign Milestone 10-year rough diamond sales agreement
Press release – The Government of the Republic of Namibia and The De Beers Group of Companies today signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’[1] diamonds. The sales agreement is the longest ever signed between the two partners.
World Diamond Congress – day 2: financing, transparency and sustainability top the agenda
The topic of financing, which is crucial to diamond manufacturers and traders, was discussed in great depth on the second day of the 37th World Diamond Congress in Dubai on May 18, 2016
15-Carat pink diamond sells for $31.6M
Geneva – A “rare and exceptional” fancy vivid pink pear-shaped diamond sold for $31.6 million, or about $2.1 million per carat, at Sotheby’s Geneva.
Why the NGOs and Dubai still can’t get along
A worrisome sign about whether all sides in the Kimberley Process can continue to work together.
ALROSA resources total 1.077 billion carats; reserves 658 million carats
The world’s largest diamond miner by volume, ALROSA, recently announced that according to independent verification, its resources on January 1 totaled 1.077 billion carats and reserves were 658 million carats.
GIA launches digital Diamond Focus report
The Gemological Institute of America (GIA) has announced the recent launch of its GIA Diamond Focus Report, a low-cost digital diamond report for natural, D-to- Z colour, round brilliant-cut diamonds weighing between 0.15 and 0.39 carats.
How the 21st-Century consumer defines luxury
Good news for jewelry retailers: The definition of luxury is as wide-ranging as your clients themselves Coco Chanel once said, “Luxury must be comfortable, otherwise it is not luxury.”