Alrosa executive next in line to head WDC
Alrosa Vice President Andrey Polyakov has been tapped as the next vice president of the World Diamond Council, the organization announced following its annual general meeting last week in Russia.
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De Beers launches melee testing service in India and Belgium
De Beers’ International Institute of Diamond Grading & Research (IIDGR) is to begin offering its melee testing service in Surat, India and Antwerp, Belgium.
LVMH 9-month sales +18%, watches and jewelry +22%
LVMH Moët Hennessy Louis Vuitton reported an 18 percent increase in revenue to $28.8 billion (€25.3 billion) for the first nine months of 2015, with its watches and jewelry business jumping 22 percent.
The comeback: gold, platinum, and silver prices heading up
Gold, platinum, and silver prices have all done an about-face in the last month, just as many forecasters had given up on precious metals.
Tiffany, Cartier most recognized jewelry brands among affluents
Tiffany and Cartier are the most recognized jewelry brands among wealthy consumers, according to a new survey by the American Affluence Research Center.
Synthetic diamonds: legitimize, don’t ostracize
Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. Last week, India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ignoring a section of the industry
US consumer demand for diamonds ‘consistent’
New York – Polished diamond prices continued their slide in September, with U.S. demand for diamonds described as steady but growth in other key markets restrained.
De Beers October rough sales reflect depressed diamond market
De Beers sightholders refused about half of their allocated supply last week, reducing the estimated value of rough sold at the sight to $200 million.
ALROSA unearths 103-carat diamond at Jubilee pipe in Russia
Russia’s ALROSA has discovered a 102.85-carat diamond with a moderate yellowish hue at its Jubilee kimberlite pipe that is thought to be worth more than $480,000.
ALROSA also working on synthetic diamond detectors
Russian diamond producer Alrosa is developing faster and more efficient synthetic diamond detection devices, its president Andrey Zharkov said during an Oct. 13 speech at the World Diamond Council meeting in Moscow.
Where diamonds are mined & why that matters to retailers and consumers
For diamond jewelers in today’s market, knowing the source of their diamonds is an invaluable sales tool. Knowing where diamonds originate influences socially conscious consumers in their decision of what to buy and where to buy. No one wants to declare love with a blood diamond.
India: stars and melees still running the show
Trading in the diamond market was quite brisk in August, with overseas buyers making their trip for their purchases; and the domestic buyers stocking up for the same reason and more…wedding season!