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Most of us have no concept what it would be like to be an Ultra High Net Worth Individual (UHNWI), but they are a critical segment of the luxury retail industry and women are beginning to flex their financial muscles.
GIA’s new device can screen 1,800 stones per hour. In the next few months, GIA will unveil a screening service for detecting lab-grown diamonds in batches of melee, it confirms.
An announcement in February that the International Institute of Diamond Grading and Research (IIDGR) has launched its generic diamond grading program surprised very few, but was noteworthy.
“We maintain a cautious view of this year. Although the first two months of 2016 were stronger, this was primarily due to the marketing policy pursued by the company, which we carried out in relation to customers and the market in the 2nd half of 2016.”
Dublin, Ireland – Karus Chains, a Dublin-based e-commerce company that sells men’s jewelry, has released a report showing which watch brands are most popular based on the number of Google searches in the last two years.
The United Arab Emirates-based chair of the Kimberley Process (KP) is consulting with key industry players over potentially devising the first set of global standards for pricing of rough diamonds.
Does the industry need yet another association? By all accounts, the Jewelry Industry Summit, held March 11–13 at the Fashion Institute of Technology in New York City, was an extremely positive event
The Diamond Empowerment Fund (DEF) has announced the recipients of its upcoming ‘Diamonds Do Good’ Awards – Dorothée Gizenga of the Diamond Development Initiative will pick up the award for Sustainable Practices and Hong Kong-based Chow Tai Fook for Community Development.
ALROSA held rough prices stable for the sixth month running at its March contract sale as demand for the miner’s goods remained strong.
Signet Jewelers Limited has reported that its annual total sales for the 2016 fiscal year reached $6.55 billion – a 14.2 percent increase.
It is high time to continue our long series on gem producers! We have reached a time of undeniable changes in the diamond industry, and the position of the producers is… chaotic.
The Jewelry Industry Summit, a forum on sustainability and responsible sourcing, closed with commitments to pursue projects including harmonization of various standards and educating workers in the industry.