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In light of recent media reports about the trade in rough diamonds associated with the ongoing civil conflict in the Central African Republic (CAR), the World Diamond Council (WDC) has reiterated its call to members of the industry to practice the utmost caution when considering the purchase of goods that are known to have originated […]
Luxury conglomerate Richemont has acquired Buccellati Holding Italia S.p.A., the owner of Buccellati, the famed Italian jeweler, for an undisclosed price.
Lucara announced this week the recovery of two large, gem-quality colored diamonds.
A technology provider part-owned by De Beers has unveiled an automated cutting machine that, it claims, will significantly speed up diamond manufacturing and reduce costs.
The DMCC has unveiled the redesigned Dubai Diamond Exchange (DDE) in the Almas Tower. The DMCC says the redesigned trading floor is the largest in the world.
Consumers are prepared to pay a premium for a diamond that has been verified as responsibly sourced, MVI Marketing found in a survey.
The Indian government has lowered the rate of goods and services tax (GST) for certain diamond work in a move that will help buoy the struggling sector, the nation’s Gem & Jewellery Export Promotion Council (GJEPC) said.
US retail sales rose in August, even as consumer confidence slipped slightly from the previous month amid the escalating trade war.
MVI Marketing has just come out with a consumer research study report looking at “the need for third-party verification of mined and lab-grown diamond claims of positive social and environmental impact.“
Just as the industry is getting its head around how to appeal to millennials, there’s a new, possibly more quixotic, generation coming up.
The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.
During the last diamond industry crisis—four years ago—many lamented that a “perfect storm” of factors had converged to knock the industry on its back.