How the Largest Jewelry Companies in the World are Marketing Lab-Grown Diamonds

During a four-hour-long analyst event in September, the largest fashion-jeweler in the world, Pandora, provided an update on its recent foray into lab-grown diamonds. The line, branded as “Pandora Brilliance” is currently being tested exclusively in...

25 october 2021

Mining and biodiversity conservation in Africa

Krasnoyarsk hosted an international ecological summit, "Siberian Perspectives," which was held on October 1-2, 2021. Its participants discussed the role of large industrial businesses in biodiversity conservation. Mathew Nyaungwa, Editor in...

18 october 2021

The world’s largest manufacturing center faces some unfamiliar challenges amid apparent supply and labor shortages.

(diamonds.net) - “We’ve seen it all before,” was the collective sigh that rang through Mumbai’s massive Bharat Diamond Bourse (BDB) when the pandemic initially broke out. “We got through other crises, and we’ll get through this one.” The local diamond trade has...

Today

Good News For Luxury? 60% Of China’s College Kids Expect To Be Millionaires

(jingdaily.com) - The hashtag #over 60 percent of college students think that their yearly earnings will reach one million within ten years after graduation# appeared in the hot search list on Weibo, attracting widespread attention. The topic has now hit 530 million views...

Yesterday

Carbon emission plans could cost SA’s gold, PGM miners up to 20% of market value

(miningmx.com) - The cost of cutting carbon emissions for South Africa’s precious metal mining companies could be as much as 20% of their market capitalisation. This is according to a report by Nedbank Securities analyst Arnold van Graan who assumed a 30% carbon...

25 october 2021

Petra reduces net debt to $208mln

Today

Petra Diamonds has reduced its consolidated net debt to $207.6 million as of 30 September 2021, from $228.2 million at the end of June 2021. The company’s debt was $692.3 million as of 30 September 2020.

Paul Zimnisky forecasts lab-grown diamond jewelry market will almost double by 2025

Today

In the five years since larger, higher-quality lab diamond jewelry began hitting the wider consumer market, production technologies have vastly improved, the number of suppliers has greatly multiplied and many retailers have begun to test, and in some cases fully-adopt, the novel product, says Paul Zimnisky, a leading independent diamond industry analyst in a press release on his lab-grown diamond production report.

Gem Auctions DMCC to debut rough diamond tender in November

Today

Gem Auctions DMCC, founded by mining entrepreneur Alan Davies, will hold its first-ever rough diamond auction in Dubai, UAE next month. For its first auction, Gem Auctions DMCC will present over 100,000 carats of rough diamonds with an estimated total value of over $50 mn from 17-22 November 2021 at the Dubai Diamond Exchange, the largest diamond tender facility in the world.

Angola earns over $5mln from semi-industrial diamonds in two years

Today

Angola raked in about $5.1 million revenue from semi-industrial diamonds between March 2019 and September 2021, according to media reports.

De Beers Forevermark sees strong demand in South India this festive season

Today

With the onset of the festive season, De Beers Forevermark is upbeat about the demand for diamonds in South India. The brand has already witnessed a huge response post the second wave and is looking forward to growing over 35-40 per cent over the next few months given.

Petra Diamonds nearly doubles Q1 revenue

Yesterday

Petra Diamonds’ revenue was up 48% to $114.9 million in the first quarter of the fiscal year 2022 compared with $77.7 million, a year earlier driven by proceeds from the sale of exceptional stones during the quarter totalling $50.2 million.

GJEPC requests direct supply of rough diamonds from ALROSA

Yesterday

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed representatives from ALROSA including Evgeny Agureev, Deputy CEO, and Stanislav Martanus, Head of Customer Policy Centre, and Dmitry Amelkin, Head of Strategic Development & Polishing Division at its Mumbai office 22, October, 2021.

NDC partners with Assouline to launch ‘Diamonds’ – a coffee table book

Yesterday

The Natural Diamond Council (NDC) in partnership with Assouline, has launched a coffee table book called ‘Diamonds’ on 21 October 2021 with Edward Enninful, Editor in Chief of British Vogue writing the foreword, says an announcement from the Council.

Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021