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U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.
New York – The Diamond Empowerment Fund again will hold its Diamonds in the Sky Gala during Las Vegas market week this year, this time honoring Prime Minister Narendra Modi of India.
In a story that seems to be repeating itself on a regular basis, the specter of undisclosed lab-grown diamonds has struck again.
Okay, so I know you’ve heard about Lady Gaga’s heart-shape engagement ring designed by Lorraine Schwartz.
The Surat Diamond Association (SDA) on Saturday detected 110 piece of synthetic diamonds from a packet belonging to two diamond traders operating from the Mini Bazaar diamond market in Varachha.
Sotheby’s calls it the Ultimate Emerald-Cut Diamond—and it’s hard to argue. The famed auctioneer will offer a 100.2 ct. D internally flawless emerald cut at its April 21 Magnificent Jewels sale in New York City.
The diamond industry is navigating slow economic growth in this Chinese New Year of the Goat. No longer considered the new frontier for the diamond market, China has matured and demand has softened in the past year.
Since October 2014, the Diamond Development Initiative (DDI)* has acted as the focal point for Technical Assistance within the Kimberley Process’ Administrative Support Mechanism, created and hosted by the World Diamond Council.
Since October 2014, the Diamond Development Initiative* has been responsible for providing technical assistance with the Kimberley Process.
De Beers announced its profits soared more than 33 percent over the past year — a number that may rankle its customers who complain they are losing money on their sight boxes.
Valentine’s Day exposes both the weaknesses and strengths of the diamond and jewelry market. For a product so driven by the idea of commitment and relationships, the holiday should be a coup for the industry, a second Christmas if you like.
De Beers underlying earnings jumped 74 percent year on year to $923 million in 2014, according to Anglo American’s share in the diamond company, as growth was driven by higher rough diamond prices and lower operating costs.