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A few days after Lucara Diamond discovered yet another 1,000-plus ct. diamond at its Karowe mine (pictured) in Botswana, the company announced it has received 38 million Canadian dollars (about $30.9 million) in new funding.
From exclusionary marketing to a lack of eco-friendly options, here’s why the company’s new transformation plan misses the mark.
Now, it will cater to mid-range luxury brands.
Polished diamond prices are on a near year-long rally, rising more than 18% since last July when they hit a record low.
Hans Merket, a researcher with the International Peace Information Service (IPIS), says he didn’t go into Tanzania expecting to learn about people getting hurt and killed. His group simply wanted to measure how mines were viewed by surrounding communities.
Press release – “In the not-too-distant future, there will be a difference between rough diamonds that can be guaranteed to have fulfilled the consumers’ demands and expectations, and other diamonds,” said Edward Asscher, President of the World Diamond Council (WDC), speaking today during the closing session of the 2021 Intersessional Meeting of the Kimberley Process […]
According to reports coming out of the American wholesale and retail market, goods have been flying off the shelves in recent months. The reports were corroborated by Bain & Co., which in May updated its earlier predictions about the diamond and diamond jewelry market recovery with a much more optimistic scenario: the market is already […]
Press release – With consumers demanding greater accountability and sustainability, the Kimberley Process must not be left behind, WDC President declares.
It started as an April Fool’s joke – but Tiffany & Co really is replacing its iconic robin-egg blue with a bright yellow house color.
Victoria’s Secret has been synonymous with its Angels—a flock of flawless supermodels in push-up bras and angel wings televised in over-the-top runway shows broadcast on TV—for decades.
For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for the trade’s inventory and absorbed much of its credit risk. Manufacturers pay up front for rough, process the stone, and then typically sell the polished on credit, offering terms of 30 to 60 days. […]
They star in the newly released campaign for the “T1” collection. On Tuesday [June 15], Tiffany & Co. unveiled a new campaign across its channels for the “T1” collection.
