Cartier may raise prices 3-5%, CEO says
Cyrille Vigneron told Bloomberg the brand is considering a price hike in part to cover the higher costs of diamonds, platinum, and gold.
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Burgundy finds large cluster of colored diamonds
Burgundy Diamond Mines has discovered a “significant” area bearing fancy-color orange and yellow diamonds at its Naujaat diamond project in Canada.
Petra looks to offload South Africa mine
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.
UK slaps 35% tariffs on Russian diamonds
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 sees ‘exceptional’ jewelry sales
Kering’s jewelry and watch divisions grew sharply in the first quarter amid strong sales in North America and Western Europe.
De Beers: diamond businesses taking a ‘more cautious’ Aapproach
Strength in rough diamond sales continues, but the war in Ukraine and COVID lockdowns in China have companies on alert.
Russian Diamonds: The Prisoner’s Dilemma
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 […]
GIA is expediting diamond source verifying service to meet demand
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.
Fuchsia Rose Diamond sells for nearly $7M
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 growth boosts LVMH in First quarter
Tiffany & Co. had a strong start to 2022, helping to power growth at parent company LVMH, the luxury conglomerate said Wednesday [April 13].
De Beers Group rough diamond sales for cycle 3, 2022
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.
De Beers slated to begin diamond exploration in Angola
The company has signed two Mineral Investment Contracts for license areas in northeast Angola.