LVMH sees watch, jewelry profits climb
Paris – Luxury goods conglomerate LVMH had success with Bulgari and TAG Heuer’s new smartwatch in 2015, though its CEO acknowledged that global economic “uncertainty” remains.
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De Beers to launch Non-Forevermark grading from U.K. lab
De Beers will offer grading of non-Forevermark diamonds from its U.K. laboratory for the first time from March 1 as the company expands a service currently existing in Antwerp and Surat.
Lucara to hold this year’s first exceptional stone tender in April
Lucara Diamond Corp. will hold its first exceptional stone tender of 2016 from April 4 to 13 in Gaborone, Botswana.
Insights: rough market enthusiasm
Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn is sustainable.
Jewelry industry summit unveils speaker list
The Jewelry Industry Summit has released its roster of speakers who will participate in the three-day forum on sustainability and responsible sourcing. The event will be held at the Fashion Institute of Technology in New York from March 11 to 13.
Resurrection: fine jewelry sales rise 1.1% in 2015
Fine jewelry sales in the US totaled $66.5 billion in 2015 after consumers rediscovered jewelry in the fourth quarter, leading to a resurrection in demand.
Global economic outlook, Q1 2016
As we head into the new year, there are factors that are bound to have a substantial impact on the path of the global economy. Among these are the decisions that will be made by the US Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China, and the petroleum […]
An open letter to Leonardo DiCaprio
Taking issue with the star’s rationale for backing a lab-grown diamond company. Dear, um, Leo: Back in 2006, before Blood Diamond was released, Nelson Mandela reached out to the stars of the movie and the head of Warner Brothers
Forevermark’s Lussier appointed chairman of the Diamond Producers Association
Stephen Lussier, chief executive officer of De Beers Group’s Forevermark brand, has taken over as chairman of the Diamond Producers Association (DPA) from Jean-Marc Lieberherr, a spokesperson for the DPA confirmed with Rapaport News.
WDC executive director to participate on diamond marketing panel at IDWI
World Diamond Council (WDC) executive director Patricia Syvrud, will visit the International Diamond Week in Israel (IDWI), including her participation on the Diamond Marketing Panel.
ALROSA keeps prices stable amid stronger rough demand
ALROSA kept prices steady at its January contract sale stressing it sees no reason for prices to fall in current market conditions.
Gold, platinum and silver price predictions for ‘16
New York – Thomson Reuters GFMS has lowered its outlook on precious metal prices for 2016, with gold, platinum and silver all expected to take a dive due to a myriad of factors worldwide.