Notes from Las Vegas…. P.S. Diamonds Do Good
Industry initiatives for responsible sourcing and supply chain integrity came under the spotlight at the JCK Las Vegas show on Thursday.
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‘Aurora Green’ diamond sells for $16.8M at Christie’s
A 5.03-carat fancy vivid green diamond is the latest big hulking hunk of carbon to set an auction record.
WFDB launches Young Diamantaires programme at 37th World Diamond Congress
Press release – An exciting new initiative of the World Federation of Diamond Bourses (WFDB) that was launched at the recent 37th World Diamond Congress in Dubai is an international Young Diamantaires programme.
De Beers CEO Mellier resigns, Bruce Cleaver takes over
Philippe Mellier, the former transportation executive who has led De Beers since 2011, is leaving the company as of July 1.
GIA to debut melee screening in June
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.
Tiffany’s Q1 comps drop 9% in a difficult quarter
New York – Tiffany & Co. had the difficult first quarter it expected, with sales dropping in almost every region and across all product categories.
Andrey Polyakov succeeds Edward Asscher as World Diamond Council president
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 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.
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.