The R&M “Lettre”

LVMH has named Ian Rogers, a veteran of Apple and Beats Music, its chief digital officer. Rogers was the CEO of Beats Music and joined Apple in 2014 as a senior director when it acquired Beats Music.

Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply glut.

Pop quiz: Rough diamond prices were reduced at Sight 7 by: 13%, 9% or 5%? If you examine the price list, you’ll see that the price of some goods decreased by as little as 2.5%, whereas others were cut by as much as 20%.

The Gemological Institute of America lab will soon have the ability to mass-screen smaller stones to check for synthetics, chief laboratory and research officer Thomas M. Moses said in a speech delivered Aug. 31 at the Israel Diamond Exchange.

Windhoek, Namibia – Tiffany & Co. confirmed Monday that Laurelton Diamonds, its diamond sourcing, cutting and polishing subsidiary, has closed its polishing factory in the Namibian capital of Windhoek and laid off all 157 employees in the process.

Used as accents or for pavé, melee is an integral part of the diamond market. Melee has always been an important player in the diamond market, accenting jewelry and creating sparkling pavé.

Global diamond output grew 4 percent in value last year to $14.5 billion as the average price per carat jumped 8 percent to $116.17

Veteran Philadelphia, Pennsylvania jeweler Neil Reiff last month published the following commentary on LinkedIn. With “Insanity of the Diamond Industry”*, the president of N.D. Reiff Company Ltd. raises a number of compelling concerns and questions for our industry. The article is reposted here with Reiff’s permission.

Speaking at the International Diamond Week in Ramat Gan, Tom Moses, GIA executive vice president, announced that the lab is planning to open a diamond synthesis facility in New Jersey.

London – Aiming to create a sense of urgency and demand around buying diamond jewelry gifts for the holiday season, De Beers is introducing a marketing campaign that will use simple taglines and diamond jewelry imagery specifically targeted at men.

The return from the summer break has been anything but smooth. While the focus has been on the Sights, there are other issues, such as long-term trends, that are becoming clearer as we dive deeper into the current crisis.

Lucara Diamond Corp. has released the first images of the Type IIa 336 ct. diamond it uncovered in mid-August.