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The period 2020-21 of the global diamond and diamond jewellery industry could be termed as the most trying and arduous ever faced in recent times. When COVID-19 made its appearance, the diamond industry as part of the luxury sector was majorly impacted, due to lockdowns, travel restrictions and other hurdles.
Last year, Australia’s Argyle diamond mine closed after 37 years of operation. [In March], Melbourne University Publishing released Argyle: The Impossible Story of Australian Diamonds, a comprehensive history of the mine by Stuart Kells.
Getting engaged and buying an engagement ring is a key life event. Purchasing engagement rings, especially if you are in your 20s, is usually the first time you buy a major diamond jewelry item. As such, it typically leads to many questions about the purchase.
Spending on engagement rings in 2020 was only moderately affected by the Covid-19 pandemic as increased disposable income boosted consumers’ budgets, according to a survey by The Knot.
In January, the Natural Diamond Council (NDC) and fine jewelry designer Lorraine Schwartz announced the formation of the Emerging Designers Diamond Initiative, a program created to remove barriers to entry to diamond suppliers, industry education, and resources, while providing ongoing mentorship to BIPOC jewelry designers.
Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned.
The diamond industry, which bounced off the bottom in July and August last year, received a strong support from the strong holiday jewellery sales, and in 2021, it is ready to compete in the growth rates with other beneficiaries of the global economic recovery from the COVID-19 pandemic.
Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs.
On Tuesday, March 16, the Responsible Jewellery Council and the World Diamond Council announced their cross-membership partnership. A new and innovative collaboration project, whereby the two leading diamond and jewelry industry organizations are joining forces to further the development of more responsible and ethical business practices throughout our industry’s value chain. Elodie Daguzan, Executive Director […]
On the occasion of the release, on March 9, of the new CIBJO website on the terminology that should be used for natural and synthetic diamonds, we wanted to take another look at the issue…
Joint press release by World Diamond Council and Responsible Jewellery Council – The World Diamond Council (WDC) and Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct.
To reach different age groups, jewelers need to embrace multichannel advertising with targeted messaging.
