12-Carat marquise blue diamond sells for $16M at Christie’s
A 12-carat blue diamond proved there’s still demand for colored diamonds when it went for well above its pre-sale high estimate at auction Thursday July 9.
The R&M “Lettre”
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India trade calls for lower import tax
India’s diamond sector has asked the government to reduce import duties for polished, arguing that a lower rate would boost the country’s position as a trading hub.
Jewelers see positive signs as business restarts
As US retailers struggle to pick up the pieces after the coronavirus shutdowns, many are hopeful that a recovery is on its way.
Sarine’s “birth certificates” track Lucara diamonds from mine to store
Tech firm Sarine is to provide “birth certificates” which track the provenance of rough stones being sold by Lucara.
GemFair’s new MOU to advance diamond artisanal mining sector
Press release – GemFair signs MOU for joint delivery of capacity building programme to advance ASM standards in West Africa. Partnering with GIZ and Mano River Union to deliver training on mining standards in Sierra Leone, Liberia, Guinea and Ivory Coast.
Customers prefer jewelry stores—But only safe ones
While most consumers still want to buy diamond jewelry at a physical store, they want to make sure that proper COVID-19 precautions are in place, according to new research from the De Beers Group.
ALROSA amends its trading sessions’ schedule
Press release – ALROSA decided to change dates for its trading sessions in July and August after having reviewed the current market situation.
U.S. retail market will be surpassed by China’s this year
A new study from market research firm eMarketer forecasts that China’s retail market will become the biggest in the world in 2020—surpassing the U.S. retail market, which has been the largest in the world for more than a century.
“La Lettre” New generation – Give us your opinion
Rubel & Ménasché is a company that is always on the move and trying to improve. Our “Lettre” follows the rule! We changed its layout and distribution a little at the start of 2020. But our reflection actually goes much further and we are now wondering about the form and the substance. And who better […]
This is how COVID-19 impacted jewelry sales
COVID-19 hit the world like a wild and destructive storm, harming lives and assets as it spread. The diamond and jewelry industry was not spared, and sales dropped significantly – how significantly was anyone’s guess until now. Following are the figures showing just how COVID-19 impacted sales, and how the tide is perhaps starting to […]
India extends import curbs as Surat shuts again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.
The company that owns the Cullinan mine is up for sale
Saddled with hundreds of millions of dollars in debt and facing a diamond market hobbled by COVID-19, miner Petra Diamonds has put itself up for sale.
