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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.
1 ct. RapNet Diamond Index -5.3% in 2019.
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).
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.
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.
De Beers has provided its rough-diamond clients and Forevermark partners with guidelines on how to operate in the lab-grown market if they wish to continue tapping into its branding.
Women who buy their own jewelry are a rapidly growing market, but retailers need to retool their approach if they want to attract these customers.
The diamond market will likely overcome its current challenges by 2021, but until then it will weather another bumpy year or two, according to the annual report on the diamond industry prepared by Bain & Co. and Antwerp World Diamond Centre.
The past decade might be known for superheroes, Netflix and memes, but for Sotheby’s it was all about record-breaking jewels, as worldwide sales for the division totaled more than $4.7 billion.
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview […]
After six years of development, production is due to begin at Alrosa’s Luaxe diamond deposit in Angola next year, the nation’s government said.
ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.