ALROSA reports its December 2020 diamond sales results
ALROSA reports preliminary rough and polished sales results for December and 12 months of 2020.
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Check out the 10 designer engagement rings in De Beers’ Ten/Ten project
Last year, diamond producer De Beers Group handpicked 10 of-the-moment fine jewelry designers, then challenged them to create a “reimagined” engagement ring using a sustainably sourced, natural diamond from Botswana.
Younger consumers still like diamonds, survey says
Milllenials and Generation Z consumers still have a taste for diamond jewelry, says a new survey from the Natural Diamond Council.
De Beers and Alrosa raise rough prices
The two largest diamond miners increased prices at this week’s rough sales as demand improved due to post-holiday restocking and strong trading ahead of the Chinese New Year.
Resurgent jewelry sales lift Richemont
Richemont’s jewelry sales increased 9% year on year in the third fiscal quarter as strong growth across most of its global network offset weakness in the European market.
Alrosa sales surge in final months of year
Sales at Alrosa showed a strong recovery in the fourth quarter of 2020 amid holiday demand and a rise in activity at Indian diamond manufacturers.
De Beers cuts sightholders as it creates client categories
De Beers has reportedly informed around 10 sightholders—including a handful of longtime clients—that they will not be eligible for new contracts, informed sources told JCK.
Cartier’s new campaign celebrates its most iconic pieces
Cartier is reminding consumers of its best-selling styles in a new international campaign.
Tiffany teases its most expensive jewel ever
It’s the start of a brand-new year, but Tiffany & Co. is already looking to 2022.That’s when the jeweler will offer its most expensive jewel ever, a redesign of a high jewelry necklace it originally showcased at the 1939 World’s Fair.
Tiffany CEO, artistic director out as LVMH acquisition closes
The Tiffany & Co. and LVMH saga has come to a close. With legal battles and price negotiations settled, the French luxury titan has finalized its acquisition of Tiffany in a deal valued at $15.8 billion.
Pandemic could be catharsis for diamond industry
While the pandemic brought about an unprecedented shock to the whole diamond value chain in 2020, in a way it may also have acted as a catharsis of sorts for an industry that has been struggling to regain footing in recent years, in part due to a misalignment of supply and demand.
China’s 2020 luxury market sees invincible growth
The luxury goods market in mainland China saw a significant boost in consumer spending in 2020, due to a reduction in international travel creating an exponential boost in domestic spending, according to a research report from Bain & Company.
