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(IDEX Online) – Only natural diamonds should be graded with the 4Cs, says CIBJO (the World Jewellery Confederation). And the word “synthetic” should be regarded as the preferred term to describe diamonds created through industrial processes. CIBJO, the body that represents the gem and jewelry industries globally from mine to marketplace, aims to reinforce the distinction […]
De Beers will likely be in the red for the first half of this year following a decline in rough-diamond sales in the second quarter, according to parent company Anglo American. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) at the diamond company “is expected to be negative” for the six-month period, the 85% […]
This article serves as the introductory analysis to the inaugural Diamond Executive Report, ‘The Value of De Beers.’ Access the full report here. To grasp the implications of Anglo American’s pending divestment from De Beers, it helps to understand the move in the context of its broader strategy. In May 2024, the mining group announced […]
Botswana is seeking support from the United Arab Emirates (UAE) and Oman to acquire a strategic stake in De Beers from Anglo American. Botswana President Duma Boko said the country was searching for an investment partner as Anglo American moved forward with the sale of its 85% stake in the diamond producer, news outlet Bloomberg reported last […]
Lab also rolling out new comments clarifying impact of fluorescence. The Gemological Institute of America (GIA) plans to introduce cut grades for marquise-, oval- and pear-shaped diamonds next year, marking a long-awaited development for the market. The diamond industry has been requesting the change for several years, since cut quality can vary greatly, and the GIA currently […]
The Russian government has announced new rules requiring lab growns to be labelled as “synthetic” so that consumers don’t mistake them for natural stones. It does not list “lab grown” or any variant with “lab” or “laboratory” as being acceptable terms. Only the qualifiers “synthetic” or “synth” can be used. In doing so, Russia goes […]
At the 2023 JCK Las Vegas show, De Beers introduced the fine jewelry industry to Tracr. Founded in 2018, the blockchain platform uses high-speed photography to create a digital twin of a rough diamond, enabling a new standard of traceability. The mining giant promoted the technology as the backbone of its consumer-facing Origin suite of services, […]
India’s Gem & Jewellery Export Promotion Council (GJEPC) has become the first industry body to join the Natural Diamond Council (NDC). It signals a strategic shift toward tighter global coordination in the natural diamond industry by the country that boasts a near-monopoly on cutting and polishing. GJEPC announced its intention to join the NDC in […]
Marie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October. Paris—Chanel has named Marie-Laure Cérède as the director of its jewelry creation studio, beginning in October. In this role, Cérède will be responsible for all precious and high jewelry creations, working alongside the jewelry teams in Paris and […]
The third episode of the monthly Diamond Dudes podcast, bringing together three leading industry experts—Avi Krawitz, Edahn Golan and Rob Bates—has just been released, offering an insightful analysis of JCK Las Vegas, the annual flagship event for the jewellery and gemstone industry. What are the key takeaways? In the podcast (link below), the three experts […]
The renewal of Dali Diamond Co’s status as a De Beers sightholder highlights the importance of stability, expertise and the ability to create value at every stage of the natural diamond journey. When De Beers announced its decision to reduce the number of its sightholders by approximately 30% for the new contract cycle, the move […]
Two key South African industry organizations have amalgamated to create a new umbrella group that will promote the trade’s interests in the country. The Diamond Gem & Jewellery Association of Southern Africa (DGJASA) will replace the Diamond Dealers Club of South Africa (DDCSA) and the Rough Diamond Dealers Association (RDDA), the recently formed group said […]