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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.
Biel/Bienne, Switzerland– Swatch Group reported Thursday that its profits declined sharply in 2014, amid moves it is making to combat the strong Swiss franc and launch a competitor to Apple Watch.
As promised, here is the second part of our little chat with Edahn Golan. So Today’s Specials are: lab-grown diamonds, marketing, transparency and dialogue with consumers. Hope you’ll like it as much as we indulged ourselves.
Tucson, Ariz.–In five years, more than one-fourth of the population will be between the ages of 20 and 34, half of them will be women, and a growing number will be multi-racial or multi-cultural.
Russian diamond miner Alrosa has signed a memorandum of understanding (MoU) to supply the Israel diamond industry with rough diamonds.
Rough diamond production was basically flat in 2014 and is projected to remain at similar levels this year. While De Beers is expected to maintain steady production, increases by ALROSA will likely compensate for declines at other companies.