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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.
Diamonds will be getting some advertising love this fall.
The Gemological Institute of America is expanding its now four-year-old Melee Analysis Service to include small fancy-shaped diamonds.
Press release – De Beers Group’s third Diamond Insight ‘Flash’ report explores opportunities for diamonds as consumers reallocate discretionary spend.
Gem Diamonds has unearthed a 442-carat Type II stone, reckoned to be worth $18m, at its Letšeng mine, in Lesotho.
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.
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 & 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.
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.
The biggest sore points for contract customers — high rough prices and weak profit margins — are intrinsically linked to the complex question of customization.
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.
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.