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.
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ALROSA announces new support and stabilization measures for the industry
Press release – ALROSA retains its commitment to support its clients and the diamond industry and announces a new set of unprecedented measures to offer additional flexibility to its rough diamonds’ buyers.
De Beers Group invests in try-and-buy jewelry brand gemist
The possibility of a “Warby Parker for fine jewelry” debuting and disrupting the status quo of jewelry retail has been anticipated within the industry for years.
Resolve and Diamond Developement initiative (DDI) join forces to better support responsibly sourced and artisanally mined diamonds and other minerals
Press release – The merger will expand opportunities for companies, consumers, and source communities.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the pipeline and forced shutdowns at several mines.
Alrosa sees weakest performance in years
Alrosa’s sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented weak demand for rough diamonds during the coronavirus crisis.
Pink and blue hearts score big for Sotheby’s
Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby’s in Hong Kong, fetching a combined $18.7 million.
Lab-Grown diamonds may develop their own price scale, seller says
Lab-grown diamonds may soon develop their own distinct price scale that differs from that of natural diamonds, Andrey Zharkov, the former chief executive officer of Alrosa who now heads the lab-grown diamond company Ultra C, predicted during a recent webinar.
Richemont’s jewelry sales sink 41% in Q1
Richemont’s first-quarter sales fell by nearly half with double-digit declines across all regions, categories, and distribution channels amid the COVID-19 pandemic.
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.
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.