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The rough diamond market is now at a tipping point and De Beers must reduce its prices by 10 percent to 20 percent if the miner has any chance of restoring its own growth prospects – never mind diamond manufacturing profit.
Diamond Services developed a new mini Raman spectrometer that it says is able to detect synthetic and color-treated diamonds and gemstones falsely presented as diamonds. The device will be unveiled at the Hong Kong Jewellery & Gem Fair in September.
Far be it from us to suggest that you get married several times! But the beautiful wedding rings from the De Beers Jewellery collection would be worth the trouble…
Anglo American plc today (Thursday) announced that De Beers’ diamond production dropped by 6 percent to 8 million carats during the second quarter, ended June 30. Results for the first six months of the year also showed a decline of 3 percent, from 16 million carats in 2014 to 15.6 million carats in the first […]
Earlier this summer, World Federation of Diamond Bourses President Ernie Blom announced that his organization, along with the World Jewellery Confederation (CIBJO) and the International Diamond Manufacturers Association, had drafted and signed a new policy on an issue that’s top-of-mind for retailers today: diamond color grading.
Tiffany & Co.’s design director, Francesca Amfitheatrof, reinterpreted three signature collections for the fall 2015: Tiffany Victoria, Tiffany Bow and Tiffany Infinity.
2Q operations update. ALROSA sold 18 million carats of rough diamonds for $2.1 billion in the first half of 2015, representing a significant decline from a year earlier.
Of course, you cannot believe everything you read in the papers, and what you see on television is just as likely to be based on myth as reality, which is why I probably shouldn’t recommend that people turn to the British TV series Mr. Selfridge for retailing tips…but I am going to anyway.
The De Beers July sight closed with an estimated value of $200 million with the amount of goods left on the table estimated to have exceeded 65 percent of the initial sight value. De Beers reportedly kept overall diamond prices and assortment quality stable.
Hallmarking, long used in precious metals, is being promoted as a means to differentiate diamond production as plans for industry-wide chain of custody standards are on hold.
The closure of an Indian manufacturer and the large debts it left behind is probably the most important news of this week, followed by the trade show in Hong Kong.
HRD Antwerp has added a report to its website about its discovery of (near-) colorless lab-grown diamonds featuring octahedral and other “natural” shapes.