De Beers plans overhaul of supply policy
De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.
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Louis Vuitton buys 1,758ct. diamond from Lucara
Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.
World Diamond Council proudly announces appointment of Elodie Daguzan as its new Executive Director
Press release – Elodie Daguzan is to become the new Executive Director of the World Diamond Council (WDC), following the approval of her appointment by the organization’s Board of Directors. She will officially assume duties on February 1, 2020.
UK secures deal to keep rough trade alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.
Lucapa unearths 117ct. rough at Lulo Mine
Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.
Rio Tinto lowers outlook as Argyle closure looms
Rio Tinto expects a decline in diamond production in 2020 as it reduces output at its Argyle mine in Australia, which is set to close in the fourth quarter.
KP again can’t agree on ‘conflict,’ eases restrictions on CAR
The Kimberley Process wrapped up a three-year reform cycle unable to reach an agreement on expanding the definition of what constitutes a “conflict” diamond, an issue it has been debating for nearly a decade.
Graff buys 20.7ct Firebird vivid yellow diamond from ALROSA
Press release – Graff Diamonds, the world-renowned hi-end jewelry brand, has acquired the Firebird 20.7 ct diamond from ALROSA. The parties do not disclose the transaction details, but note that it achieved one of the highest prices per carat for such a stones in recent years.
Diamond prices stable after year of declines
1 ct. RapNet Diamond Index -5.3% in 2019.
How to talk (correctly!) about lab-grown diamonds
When it comes to lab-grown diamonds, you don’t want to get too creative with language. Here’s a refresher on the lingo (and legalities).
2019: a year of mixed fortunes for a diamond industry that is heading for a steadier future
Significant changes have been deeply rooted in the diamond industry over the past ten years. The industry that we see now, in early 2020, is in step with a calmer future, which is progressively and more precisely taking shape.
This is how a confusing diamond decade played out
Because the diamond industry is one of slow-paced, moderate changes, it’s worth examining these over a decade of activity. What’s happened between the time the industry clawed its way out of the Lehman Brothers crises to the current deep slump? Considering the many conflicting changes, it was a confusing diamond decade.