GJEPC pushes for new diamond pricing policy in Zimbabwe

The Gems and Jewellery Export Promotion Council (GJEPC) of India has appealed to the Zimbabwean government to consider scrapping the reserve price on its diamonds, according to NewZimbabwe.com.

Today

Signet reports third quarter fiscal 2019 financial results

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced its results for the 13 weeks ended November 3, 2018.

Today

WWF names the most environmentally friendly companies

The World Wide Fund for Nature (WWF) of Russia has published a 2018 rating of openness in the field of environmental responsibility among the mining and metallurgical companies operating in the country.

Yesterday

Lucapa recovers 78 carat white diamond at Mothae

Lucapa Diamond has recovered a 78 carat white diamond at its 70 percent-owned Mothae kimberlite mine in Lesotho.

Yesterday

ALROSA November sales of rough and polished diamonds reached $274.0 million

ALROSA, the world leader in diamond production, announces diamond sales results for November and eleven months of 2018.

Yesterday

Analysis: A Crisis in Melee

Today

(diamonds.net) - Among the standout trends that have taken shape in the diamond trade this year is the poor performance of small and cheaper stones. But the drop in the so-called melee market has not been sudden. Supply levels in the midstream were high during the 2008 financial crisis and have remained so since. Inventory climbed significantly in 2017 as three new mines came on stream, leaving the market with an excess of available goods, and prices of small diamonds have dropped by up to 20% in 2018. However, the oversupply is not the only issue causing the slump. The November Rapaport Research Report outlines another three factors that have influenced the weakness in the melee market.

Although Sliding, Jewelry Retail Prices Remain High

Yesterday

(edahngolan.com) - After reaching a historic record high in 2017, consumer prices of fine jewelry have softened so far in 2018. However, jewelry retail prices are still high, which may explain a number of consumer trends. Are these prices fueling demand for lab-grown? We know that the US market is very price sensitive, and that dictates polished diamond prices, as well as jewelry design. For example, lighter designs do better when gold rise.

The jewellery collection made in innovation granulation technique awarded Grand Prix at Russian Diamond Line 2018

07 december 2018

In early December, the jewellery design contest results were summed up and the winners of the contest were announced; for a decade, this contest has served as the platform for the popularization of the designers’ projects of the Russian jewelers as well as for the promotion of jewellery art into the foreign markets. Only new jewellery items awarded at the professional contests held in Russia and the post-Soviet countries are displayed at the Moscow international contest Russian Diamond Line 2018 (RDL). The RDL prize winners regularly become the winners in the world contests and are ranked high at the leading exhibitions. Next year, the exhibition expositions in the Russian national pavilions in Hong Kong and the USA will be based on our top brands.

African govts fight 'conflict diamonds' resolution

06 december 2018

(bulawayo24.com) - African governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt. Civic society groups are pushing for the adoption of the resolution that activists argue will force African governments to prioritise human rights in the mining sector. In a recent statement, World Diamond Council (WDC) president Stephane Fischler said civil society groups would support the resolution.

Will green diamonds become a China investor’s best friend?

05 december 2018

(scmp.com) - Green diamonds – exceedingly rare, and, at least for now, cheaper than other coloured diamonds – are beginning to catch on with Asian collectors and investors. Since 2014, only 13 lots of green diamonds have made their way into Bonhams auctions – eight of which sold in Hong Kong. Diamonds in the “fancy colour” family are priced according to the vividness and purity of their colour. A pure green diamond can sell for upwards of US$1 million per carat at auction. Or even more.

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