ALROSA reports its August 2020 diamond sales results
Press release – ALROSA reports its diamond sales results for August and eight months of 2020.
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Rough-Market momentum set to continue
The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.
Diamond production dropped, now it is nosediving
Global diamond production sank 6.9% in 2019, the deepest plunge in a decade. By value, production dropped 6.2%. There were good reasons for this, and our updated production forecast calls for an even more significant slide in 2020.
Diamond business absorbs blows
The diamond business has continued to absorb the repercussions of the global pandemic. Polished diamond wholesale prices, after a small improvement in June, continued to mostly slide in July. This coincides with an ongoing decline in jewelry share of wallet.
Lucara Diamond CEO: industry sales must be transformed
This week, Eira Thomas, CEO of Lucara Diamond, owner of the Karowe mine in Botswana, sent an open letter to the diamond industry promoting Clara, the sales perform that Lucara purchased two years ago.
Tiffany’s China sales soar as LVMH takeover is pushed back
Tiffany & Co. continued to feel the fallout from COVID-19, as its sales in mainland China rose dramatically during its second quarter (ended July 31), while sales in the Americas region continued to fall.
A new diamond ad campaign is coming this fall
Diamonds will be getting some advertising love this fall.
GIA now analyzing fancy-shaped melee
The Gemological Institute of America is expanding its now four-year-old Melee Analysis Service to include small fancy-shaped diamonds.
Diamonds have unique potential to capture consumer spend previously allocated to travel
Press release – De Beers Group’s third Diamond Insight ‘Flash’ report explores opportunities for diamonds as consumers reallocate discretionary spend.
442-carat diamond, valued at $18m, found at Letšeng
Gem Diamonds has unearthed a 442-carat Type II stone, reckoned to be worth $18m, at its Letšeng mine, in Lesotho.
The largest natural color diamond ever found in Russia’s Yakutia
Press release – Almazy Anabara (Diamonds of Anabar), a part of ALROSA Group, found a 236-ct rough diamond of intense yellow-brown color. The diamond was extracted from the Ebelyakh mine in Yakutia, Russia. This is the largest natural color rough diamond ever found in Russia.
Natural all-diamond ring is a GIA first
A ring made entirely of natural diamond has become the first of its type to reach the Gemological Institute of America (GIA) for evaluation.