Consumer expenditure on jewelry sinks
A review of US consumer expenditure on fine jewelry in the past year is sobering at best. Americans are spending a lot less on jewelry, and this is a near across the board trend.
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WTOCD develops automatic melee screening device in collaboration with HRD Antwerp
The WTOCD (Antwerp Scientific Research Center for Diamonds – Wetenschappelijk en Technisch Onderzoeks Centrum voor Diamant) has developed an automatic melee screening device in collaboration with HRD Antwerp,
Most valuable diamond ever? A 12.03 carat Fancy Vivid blue goes up for auction
On Nov. 11 in Geneva, Sotheby’s will auction the Blue Moon, a 12.03 ct. internally flawless vivid blue estimated to sell for between $35 million and $55 million.
Apple, Hermès team up for new luxury smartwatch
At its Sept. 9 product event, Apple announced a new partnership with French luxury brand Hermès to produce a co-branded version of its Apple Watch.
UAE to assume chair of Kimberley Process
The United Arab Emirates has been confirmed as the next chair of the Kimberley Process (KP), assuming the role in 2016, following a vote of members.
Large rough diamond sells for nearly $20M
A 357-carat white diamond recovered at the Letšeng mine in July has sold for $19.3 million.
Dominion Diamond lowers prices as sales, profits fall
Sales and profits have plunged at Dominion Diamond, the world’s third-largest diamond producer, and the company has followed other producers and lowered prices in August.
What the Tiffany ruling means for the industry
In a week of big stories, the outcome of Tiffany v. Costco was certainly the biggest, as a federal court in New York handed down a decision that answered the question
Artist Chan turns 507-ct Cullinan Heritage diamond into jewelry masterpiece
Hong Kong-based jewelry retailer, Chow Tai Fook, debuted “A Heritage in Bloom” Thursday by world-renowned jewelry artist Wallace Chan.
Former Apple exec joins LVMH
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.
A sustained diamond supply surplus
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.
Sightholders don’t see relief in sight
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%.