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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 […]
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.
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.
The largest D-color diamond to be auctioned via the internet is now the most expensive jewel ever sold at an online-only auction.
As Tiffany & Co. reopens stores around the world, it’s giving back to some of the most vulnerable communities impacted by the pandemic.
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.
The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs for 2020. However, Lucara Diamond Corp. appears cautiously confident that it has the balance sheet, the sales platform, and […]
Gem Diamonds has recovered a 163 carat yellow type 1 diamond at its Letšeng mine, in Lesotho.
De Beers’ widely watched lab-grown diamond brand, Lightbox, is now offering 2 ct. t.w. diamond studs, exceeding its traditional price-point ceiling of $1,000.
As New York goes through its phased reopening, the Gemological Institute of America (GIA) announced that it will open its New York City identification and grading laboratory on Monday, June 29.
Dr. Benjamin Chavis Jr. has been active in the jewelry industry since 2007, when he cofounded Diamonds Do Good (formerly the Diamond Empowerment Fund), the industry nonprofit that supports charities in the communities where diamonds are mined and cut.
Australian-British Rio Tinto has ceased speculation about the possible acquisition of Dominion Diamond Mines’ 40% share in the Diavik mine in Canada’s Northwest Territories, which would become wholly-owned by the world’s leading mining company, according to the Diamond Loupe.