The R&M “Lettre”

At the latest President’s Meeting in Tel Aviv, Israel, the trade once again cast a weary eye toward Martin Rapaport’s price list and the outsize influence it commands.

The diamond industry keeps facing hardships that call for a serious bailout plan, and diamond mining companies are starting to respond to the crisis with measures that will provide relief, albeit temporary.

It’s already a major offshore financial center, but the Cayman Islands could also become home to an important diamond exchange, according to World Federation of Diamond Bourses president Ernie Blom.

Rio Tinto launched an online portal for its “Diamonds with a Story” initiative, featuring information that is meant to help manufacturers, designers and retailers stay on top of marketplace trends.

Diamond prices continued their decline last month as markets were relatively quiet due to weak post-JCK Las Vegas demand in the United States, the Rapaport Group said in its monthly price report. In June, the RapNet Diamond Index (RAPI) for 1-carat lab-graded diamonds fell 1 percent,

Tiffany & Co. has named Philippe Galtié as senior vice president – International, with effect from August 17. Most recently, Galtié held the post of Cartier’s International Retail Director.

The recent creation of the DPA (Diamond Producers Association) by the 7 biggest diamond producers has been warmly welcomed by the industry. These producers, who represent nearly 70% of global production, have invested an initial budget of €6 million

A friend once asked the head of a lab notorious for overgrading how he lived with himself. Simple, the man replied. If I were supplying such a horrible product, why do I have so many customers?

The Indian diamond trade has decided against implementing a ban on rough diamonds. Citing the wellbeing of the workforce as the first priority of the trade, lthe 250 diamond exporters who met today agreed that the situation will be monitored for a month

A referendum is to be held tomorrow (July 7) over the issue of completely banning rough diamond imports into India for at least a month. According to reports in the Times of India (TOI), some 200 top exporters from Surat and Mumbai are set to meet to vote on the issue.

For those thinking that the ‘A Diamond is Forever’ advertising campaign will easily resonate with millennials, think again. De Beers has a lot of work to do before it relaunches the iconic slogan in late September, as part of Forevermark’s U.S. holiday marketing campaign.

There’s been a lot of talk in the jewelry and diamond industry about how to reach Millennials, a group of 77 million young American consumers – just under a quarter of the US population – who are finally reaching “jewelry buying” age.