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Dear readers, This week we return to the issue of rough diamonds and their impact on the entire market. The relationship between supply and demand in the diamond industry is always a matter of considerable speculation; both the position and choices of the main mining companies are key for this sector where having access to […]
In two weeks [February 20], Bruce Cleaver will step down as De Beers CEO, after six years in the role. His replacement will be energy executive Al Cook.
As Russia’s invasion of Ukraine enters its second year, the United States is looking to tighten its regulations on Russian diamonds—and eliminate the rule that allows the importation of Russian-mined diamonds cut and polished elsewhere.
The bloc is considering a quota or other restrictions on Russian diamonds. Industry members and politicians claim only a global effort will have an impact.
De Beers saw a slowdown in rough sales at its January sight, as clients were hesitant to buy at the start of the year.
Press release – De Beers Group [announced February 1] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2023.
The Indian government has abolished its import tax on synthetic-diamond seeds and pledged extra funding in an effort to develop the country’s lab-grown industry.
Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.
As one of the oldest and largest fine art and antiques auction houses internationally, Bonhams has had its fair share of storied jewels (those from last year’s sale from the personal collection of George and Charlotte Shultz, for example). And this time is no different. Starting Feb. 16, Bonhams is hosting a live auction in Paris, Luxury Paris […]
De Beers’ prices jumped last year as steady retail sales and shortages of Russian goods supported demand for the miner’s production.
Dear readers, Today’s Lettre explores all the latest news and summarizes many of the expected changes in the diamond industry for 2023.