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Diamond Prices See Stabilizing Trend

RAPAPORT PRESS RELEASE, November 7, 2023, Las Vegas… Diamond prices showed a more moderate decline in October amid holiday demand and a reduction in rough supply.

Kimberley Process Has a Failure to Communiqué

It was midnight. The annual Kimberley Process (KP) plenary in Victoria Falls, Zimbabwe, had come to a preliminary agreement on its communiqué—which included some 90 items, mostly about administrative matters like choosing Botswana as the home of its much-delayed secretariat. The members of the certification scheme applauded.

70 Years of Vicenzaoro

In the jewelry world, the year kicks off with Vicenzaoro, organized by the Italian Exhibition Group(IEG) and held January 19–23, 2024, in Vicenza, Italy, about 30 miles outside Venice. The international jewelry exhibition celebrates its 70th anniversary in 2024.

Falling Prices Killed WD Lab Grown, CEO Says

Synthetic gem prices fell so fast that WD Lab Grown Diamonds couldn’t make a profit, the company’s former CEO, Mike Grunza, said during a Delaware bankruptcy proceeding this week. WD liquidated in October.

Bleu Royal Fetches $44 Million at Christie’s

The Bleu Royal, a 17.61 ct. internally flawless fancy vivid blue diamond, sold for 39.5 million Swiss francs, or about $44 million, at Christie’s Magnificent Jewels sale in Geneva on Nov. 7.

New Natural Diamond Perspectives

Dear readers, In this latest newsletter, we begin by telling you all about the initiatives underway in the diamond sector. Following the departure of Stephen Lussier, David Prager has become the new Chairman of the Natural Diamond Council. Prager is convinced of the need for transparent communication and information, and he intends to continue the […]