Baselworld canceled due to coronavirus
Baselworld has called off this year’s fair after Swiss authorities banned large-scale events because of the coronavirus.
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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.
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.