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.
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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.
Tiffany providing info about where diamonds cut, set
Tiffany & Co., which last year announced it was telling consumers the place and country where most of its diamonds were mined, is now taking that further by telling consumers where its gems are cut and set into jewelry.
Why Lucara’s new deal might change the diamond market
On July 15, Lucara Diamond, owner of the Karowe mine in Botswana, announced it had forged a “groundbreaking” deal with Antwerp Belgium’s HB Group. The deal calls for Lucara to sell all its “special” (more than 10.8 ct.) diamonds to HB through the end of the year.
What De Beers and Alrosa clients really want
The biggest sore points for contract customers — high rough prices and weak profit margins — are intrinsically linked to the complex question of customization.
De Beers CEO: how we plan to transform our business
On Thursday July 27, De Beers released financial results for the first half of the year, which show just how much it’s been battered by COVID-19—with total revenue coming in at $1.2 billion, a 54% drop from the year before, which itself was not a great period.
116ct. diamond fetches $6M at Christie’s
A necklace featuring a 115.83-carat diamond was the top seller at Christie’s in New York on Wednesday July 29, bringing in $6.3 million at the live Magnificent Jewels auction.
LVMH revenue dives as tourism dries up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.
Summer 2020: diamonds and precious stones make the ever more audacious fine jewelry collections sparkle!
For this exceptional summer, the Houses have vied with each other to show their audacity and creativity, and present their expertise with sumptuous collections of fine jewelry.
Twin-stone ring fetches $9M at Christie’s
A twin-stone diamond ring sold for $9.3 million at Christie’s Geneva Magnificent Jewels sale after “spirited bidding” from several participants competing via telephone, the auction house reported.