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The Gemological Institute of America’s grading lab is suspending its diamond sealing service for the second time in six years, after a likely fraudster replaced untreated diamonds in a sealed packet with treated stones.
Press release – GemFair was announced by De Beers Group in April 2018 to support the formalisation of the artisanal and small-scale mining (ASM) sector by raising standards and opening up a new source of ethical diamond supply via De Beers Group’s industry-leading distribution channel.
De Beers’ rough diamond output eased 13% to 30,8 million carats in 2019 compared with 35,3 million carats in 2018, according to Anglo American.
De Beers has launched an immersive concept store for its Forevermark jewelry brand in China.
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.
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.
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.
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 Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.
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.
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.
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.