The R&M “Lettre”

The pilot program will be based at GIA’s lab in New York. The Gemological Institute of America (GIA) will debut the GIA Melee Analysis Service in June.

New York – Tiffany & Co. had the difficult first quarter it expected, with sales dropping in almost every region and across all product categories.

The World Diamond Council (WDC) today announced that Mr. Andrey Polyakov has assumed the elected position of President of the WDC. Mr. Polyakov served as Vice President of the WDC since 2015 and now succeeds Mr. Edward Asscher whose two-year term as President concluded on May 22, 2016.

Rio Tinto has announced that its Diavik Diamond Mine in Canada has produced 100 million carats of rough diamonds since it opened in 2003.

NPD Group data also shows that falling diamond prices don’t necessarily help retailer margins.

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.

Richemont’s jewelry sales in the past fiscal year jumped after strong demand outweighed a decline in appetite for watches.

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.

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.

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

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.

A worrisome sign about whether all sides in the Kimberley Process can continue to work together.