Rough prices drop as trading cools
Rough prices have fallen substantially on the open market amid a correction following months of heightened activity, dealers told Rapaport News.
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Tiffany presses ‘pause’ on Russian diamonds
Tiffany & Co. has become the latest jeweler to nix the use of Russian-origin diamonds in any of its products following US government sanctions.
Podcast: with special guest Eira Thomas
Lucara Diamond is looking for acquisition opportunities, as the industry currently lacks an investable, mid-tier mining company, CEO Eira Thomas told the Rapaport Diamond Podcast.
Diamond manufacturing: the long-term India story remains intact
Investment in infrastructure, technology and talent help India consolidate its leadership in the global diamond industry.
War in Ukraine: Britain announces sanctions on Alrosa
The British government [announced Marc 24] sanctions against Alrosa.
Russia’s invasion of Ukraine has befuddled the Kimberley Process
For a group comprising more than 80 countries, the Kimberley Process (KP) has generally operated apart from global politics. There have been occasional exceptions: In 2007, the Chinese delegation reportedly interrupted the KP plenary until the Taiwanese delegation was forced to leave.
Let’s be honest… about Russian diamonds
Dear readers, One of the results of a crisis is that it makes you face up to your limitations. It asks you to look at what you have achieved, your needs and to check the path ahead as well.
De Beers Group rough diamond sales for cycle 2, 2022
Press release – De Beers Group [announced March 15] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2022.
World’s most advanced diamond recovery vessel to start operating in Namibia
Press release – The world’s most advanced diamond recovery vessel, the Benguela Gem, has [been March 18] officially unveiled in Namibia at an inauguration ceremony attended by His Excellency, President Hage Geingob, Minister of Mines and Energy, the Honourable Tom Alweendo and De Beers Group CEO, Bruce Cleaver. The vessel will commence operations from next […]
Signet claims 9% of U.S. jewelry market
Signet Jewelers now accounts for 9.3% of the U.S. jewelry market, up from the 6% it claimed in 2021, CEO Gina Drosos said on an earnings call Thursday, following the release of its fourth-quarter financial results.
The diamond origin dilemma
Russia’s invasion of Ukraine is another defining moment for the diamond industry.
Indian cutters face sales drop: report
India’s diamond trade is likely to see a slowdown in sales in the coming months as a result of the Russia crisis, according to a major credit agency in the country.