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Press release – Moments ago at Sotheby’s Hong Kong, a significant new benchmark for the diamond market was set, as the extraordinary ‘De Beers Blue’ – a 15.10 step-cut Fancy Vivid Blue diamond, the largest of its kind ever to appear at auction – sold for HK$451 million / US$57.5 million – among the highest […]
Cyrille Vigneron told Bloomberg the brand is considering a price hike in part to cover the higher costs of diamonds, platinum, and gold.
Burgundy Diamond Mines has discovered a “significant” area bearing fancy-color orange and yellow diamonds at its Naujaat diamond project in Canada.
Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site’s operations beyond the scheduled closure date of 2025.
The UK has imposed heavy tariffs on Russian diamonds as it attempts to up the pressure on President Vladimir Putin following the country’s invasion of Ukraine.
Kering’s jewelry and watch divisions grew sharply in the first quarter amid strong sales in North America and Western Europe.
Strength in rough diamond sales continues, but the war in Ukraine and COVID lockdowns in China have companies on alert.
The Russian invasion of Ukraine is changing the diamond industry’s governing dynamics. The last time something similar happened was after 9/11, when the American Congress adopted the Patriot Act in October 2001. Global business fundamentals had to change including for the diamond and jewelry industries. As a result, the Kimberley Process was born in 2003 […]
A new service through the Gemological Institute of America (GIA) aims to help jewelry business owners and consumers looking to source their diamond before making a purchase, creating a verifiable point of origin for the stone.
The Fuchsia Rose diamond surpassed its presale estimate at Christie’s New York on Wednesday [April13], achieving just under $7 million in the Magnificent Jewels auction.
Tiffany & Co. had a strong start to 2022, helping to power growth at parent company LVMH, the luxury conglomerate said Wednesday [April 13].
Press release – De Beers Group [announced April 13] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the third sales cycle of 2022.