The diamond market to come back to normalcy

The diamond market can return to normalcy after its impressive growth at the beginning of the year thanks to strong jewelry sales, rising profit margins for cutters and a shortage of rough diamonds. Midstream margins have decreased as the diamond prices...

10 may 2021

Impact diamonds: An opportunity or a wildcat venture?

Almost every year, the Russian press reports on the future development of the Popigai deposit of impact diamonds in the north of the Krasnoyarsk Territory. These “sensations” have already grown more and more detailed, including the relevant agreements...

03 may 2021

Why Inclusivity Is Important in Diamond Traceability

(nationaljeweler.com) - Traceability has become a central conversation in nearly all sectors of the jewelry industry’s supply chain amid growing interest about the origin of goods. For the diamond market, it has led to a switch. An industry that once tried to steer the conversation...

Today

Diamond Foundry valued at $1.8 billion following $200 million investment

(technowize.com) - Diamond Foundry, the Silicon Valley startup that produces lab-made gems, has got a $1.8bn valuation after a $200m investment by Fidelity. The company plans to use the fresh investment to compete with world-famed miners such as De Beers. It produces flawless...

Yesterday

Will Teenage Debt Cripple China’s Luxury Market?

(jingdaily.com) - In the past decade, household debt has exploded in China. And Generation Z, famous for its love for luxury, is accumulating debt faster than any previous generation. According to the South China Morning Post, Gen Zers reportedly buy 15 percent of all...

11 may 2021

Only 10% of Angola's rough diamonds being traded in Antwerp – AWDC

Today

The Antwerp World Diamond Centre (AWDC) is making moves to attract Angola's diamonds to the world's largest diamond hub in Belgium.

Sakura Diamond to take centre stage at Christie’s Hong Kong auction on 23 May

Today

Christie's Hong Kong Magnificent Jewels auction will present The Sakura Diamond, a 15.81 carat fancy vivid purple-pink internally flawless diamond.

David Bouffard and Peter Karakchiev re-elected to the RJC board of directors

Today

The Responsible Jewellery Council (RJC), the world’s leading standard setting organisation for the entire jewellery and watch supply chain, announced new appointments to their board at their Annual General Meeting.

Gem Diamonds recovers 370-carat white diamond from Letšeng

Yesterday

Gem Diamonds has unearthed a high quality 370 carat Type II, white diamond, from its 70%-owned Letšeng mine in Lesotho. This follows the company's recovery of another high quality 254 carat Type II white diamond from Letšeng last week.

Lulo diamonds achieves an average price of $1,239 per carat – Lucapa

Yesterday

Lucapa Diamond has sold a rough diamond parcel of 4,000 carats from its 40%-owned Lulo alluvial mine in Angola for $5 million. The diamonds, it said, achieved an average price of $1,239 per carat.

ALROSA holds successful online auction in April for special size rough diamonds

Yesterday

ALROSA has successfully sold about 95 percent of lots at its digital auction in April, the company's media communications service reported.

Indian jewellers get interim relief from ‘mandatory hallmarking’ till 14 June 2021

Yesterday

In response to a writ petition filed by the All India Gem & Jewellery Domestic Council (GJC), the Nagpur Bench of Bombay High Court passed an interim order on 7th May 2021, to stop the Bureau of Indian Standards (BIS) from taking any coercive action against jewellers who may not comply with BIS mandatory hallmarking regulations due to the lack of infrastructure.

PGM miner Eastplats boosts revenue from SA operations

Yesterday

Eastplats, which owns platinum group metal (PGM) and chrome assets in South Africa, has recorded a 43% growth in revenue for the year ended December 31, 2020, of $56.1 million compared to $39.2 million in the prior year.

ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 2021

Stephan Wolzok: When we’re all able to go back to our “normal” lives, then the market will do the same

Rubel & Ménasché, the well-known Paris-based diamond company, has been supplying the jewelry houses of Place Vendôme with high-end small goods for over 50 years. The company has been granted European Commission “Authorized Economic Operator” (AEO)...

03 may 2021

Advanced Diamond Online Academy - how Branko Deljanin raises awareness among industry professionals

The intercontinental diamond educational web series, launched by BrankoGems Advanced Diamond Online Academy, premiered on April 9, 2021. A special course, created for diamond professionals, aims to raise awareness among industry players on diamonds...

26 april 2021

Igor Kevchenkov - “The things that will survive us”

Igor Kevchenkov, Director General of ‘Russkaya Yuvelirnaya Kompaniya (Russian Jewellery Company) No. 1’, one of the seasoned professionals in the jewellery industry due to many years of experience, answered the questions about the state of the...

19 april 2021

Gold brings stability, acts as insurance, and generates higher risk-adjusted returns especially in times of heightened uncertainty

Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...

12 april 2021