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Despite the diamond jewelry industry – along with many others – still being obsessed with the so-called millennials, young people born from around 1980 to 2000, marketers are already turning their attention to the so-called ‘Generation Z’.
The Central African Republic remains under embargo, sources tell JCK.
Tiffany & Co. has reported its financial results for the twelve month and fourth quarter period ended January 31, which showed that the strength of the US dollar has negatively affected sales and earnings.
Now any consumer with unwanted diamond jewelry can sell it to De Beers. De Beers has given the go-ahead to its diamond buyback company—the International Institute of Diamond Valuation (IIDV)—after an 18-month pilot.
Auction house Sotheby’s has announced that it will auction the De Beers Millennium Jewel 4, an internally flawless vivid blue diamond weighing 10.1 carats.
The Hong Kong show that ended March 7 revealed a diamond industry that is focused on the very short term. Dealers who spoke with Rapaport News were relatively upbeat about the exhibition, but uncertain of market developments in two-to-three months.
Suppliers will be asked to account for the origin of as many 0.3 ct. and larger stones as possible. As promised last week, I am taking a more in-depth look at Signet’s Responsible Sourcing Program for Diamonds.
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.
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.
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.
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.
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.