De Beers optimistic after 2019 earnings slump
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns about Chinese demand.
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De Grisogono USA files for Bankruptcy in New York
Less than a month after De Grisogono filed for bankruptcy in Switzerland, where it is headquartered, its U.S. division has followed suit.
Lightbox to include more grading information with its diamonds
Lightbox, which famously decided not to sell its lab-grown diamonds with grading reports, is now adding some general grading information to the white diamonds it sells that weigh more than 0.2 cts.
We have a problem
Oy vey. We have a problem. A perception problem. This time, it’s not the whole lab-grown versus mined diamond debate (no doubt more on that next week), but the Jane Fonda ethical jewelry brouhaha that’s spilt over social media following the Oscars.
Polished diamond prices rise in January
Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. The rise in wholesale polished diamond prices started in December, as wholesalers witnessed a late rise in demand from US retailers.
Watches & Wonders Geneva cancels its upcoming edition initially planned from April 25th to 29th 2020
Press release – In view of the latest developments concerning the worldwide spread of the COVID-19 coronavirus, it is the Fondation de la Haute Horlogerie’s duty, as organizer of Watches & Wonders Geneva, to anticipate the potential risks that travels and important international gatherings could entail.
What avocados can teach the diamond trade
Generic marketing has done wonders for the green fruit. What’s holding the diamond trade back from creating similar campaigns?
De Beers CEO Bruce Cleaver talks sales, sights, and patent suits
De Beers chief executive officer Bruce Cleaver talked with JCK Thursday 20th of February, following the release of his company’s preliminary financial results for 2019. The results were, to no one’s surprise, not very good, with total revenue falling 24% and rough diamond sales falling 26%.
Botswana and De Beers to conclude replacement deal by end of April
Botswana is set to conclude negotiations with De Beers on a diamond sales agreement that replaces the current 10-year deal, which expires in January.
Alrosa puts lower-value mines on hold
Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and external challenges, its CEO said.
Pomellato explores secondhand market
Italian jewelry brand Pomellato has embarked on a three-month partnership with Paris-based Vestiaire Collective, enabling it to reward customers for selling their pre-owned pieces on the luxury resale platform.
IDWI panel discusses traceability and provenance
As part of International Diamond Week Israel, a panel of experts discussed traceability and provenance in the supply chain to manufacturing and retail. The panel was moderated by Avi Krawitz, analyst and senior editor at Rapaport.
