De Beers launches Forevermark in Hungary, Thailand, S. Korea
De Beers introduced Forevermark in Hungary, Thailand and South Korea, making its flagship diamond-jewelry brand available in more than 1,700 retail outlets in 38 consumer markets.
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WFDB to launch Know-Your-Customer program in May
The World Federation of Diamond Bourses (WFDB) will launch its Know-Your-Customer (KYC) initiative in May, aimed at increasing transparency in the industry to banks and regulators.
Indian jewelers pressure government to rescind levy; announce 3-day strike
Jewelers, manufacturers, retailers and wholesalers across India have organized a 3-day business closure, in response to the government’s proposed imposition of a 1 percent excise duty levy.
Gold, gem & jewelry industries left frustrated by 1% excise duty in budget
The gem and jewelry sector, which had hoped that the government would cut import duty from 10 percent to percent, faced up to a 1 percent excise duty instead, according to a report in The Economic Times.
De Beers rough diamond sales for Cycle 2, 2016
Press release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2016.
ALROSA sells $780M of rough in Jan./Feb.
Miner keeps prices stable. ALROSA sold about $780 million worth of rough diamonds during its first two sales of the year as rough demand improved, a market source told Rapaport News.
Diamonds and platinum jewelry stand out on Oscars red carpet
The main themes on the 88th Annual Academy Awards red carpet were diamonds and white metals, mostly platinum – so, it wasn’t just the acting awards that were “white.”
ALROSA estimates diamond reserves at 1.1 billion carats
Russian miner ALROSA recently announced a review of its geologic exploration in 2015, and estimated that according to Russian state clarification standards its reserves stood at 1.108 billion carats.
Rising diamond production – insights
The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish.
Diamond market in search for fair price
The results of January sales gave grounds for both optimism and doubts. On the one hand, demand for rough in January significantly exceeded expectations, offering hope for market recovery this year.
Illegal miners invade Marange diamond fields
Illegal artisanal miners have reportedly invaded Zimbabwe’s controversial Marange diamond fields, according to The Africa Report.
Smartwatch shipments overtake swiss watches for ‘first time ever’
Global smartwatch shipments outnumbered those of Swiss watches for the first time ever in the final quarter of 2015 as the market for the electronic timepieces soared.