De Beers reveals overhaul of sight system
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Royal Asscher President retires
Edward Asscher has retired as president of Royal Asscher, marking his 50th anniversary with the family-run jeweler. His daughter, Lita Asscher and son, Mike Asscher, will take his place as copresidents of the company.
Lucara found 31 diamonds over 100 carats last year
Sales climbed 9 percent in 2019 for Lucara Diamond Corp. and it again recovered more than 30 stones weighing more than 100 carats from its Karowe mine in Botswana.
Baselworld canceled due to coronavirus
Baselworld has called off this year’s fair after Swiss authorities banned large-scale events because of the coronavirus.
US retail to grow in 2020, NRF predicts
US retail sales will grow 3.5% to 4.1% this year, despite trade tensions and the spreading coronavirus epidemic, according to the National Retail Federation (NRF).
De Beers lets sightholders defer Chinese goods
De Beers has allowed clients to forgo buying certain rough diamonds at the week’s of 24 February sight, as the coronavirus outbreak has raised concerns about a polished glut.
Don’t wait for someone else to buy you jewelry
Women are being urged to treat themselves to a piece of jewelry.
ALROSA meets with clients ahead of March trading session
Press release – ALROSA met in Antwerp with its long-term clients and representatives of the Antwerp World Diamond Center (AWDC) to discuss the current market situation and potential scenarios, as well as the needs of rough diamond buyers – the key issue for whom was to receive assurances of purchasing flexibility.
Activist Livia Firth Documents ‘The Diamonds of Botswana’
One well-known sustainability champion recently visited the diamond communities in Botswana and documented her journey.
Lab spots new method for masking synthetics
Gemological Science International (GSI) is urging extra diligence after receiving a lab-grown diamond bearing a treatment generally only found in natural stones.
The next step for responsibly sourced jewelry: prove it
One could see the “green” trend had truly blossomed in the jewelry industry at the Inhorgenta Munich show, which ran Feb. 14–17. Booth after booth boasted of their socially responsible bona fides. A Future of Retail pavilion included a series of sessions devoted solely to sustainability.
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.