Rebecca Foerster Heads ALROSA USA Inc.

ALROSA, the largest diamond mining company in the world, has appointed Rebecca Foerster as President ALROSA USA Inc. Until recently, Ms. Foerster served as Executive Vice President of Strategic Planning and Marketing at New York’s Leo Schachter Diamonds...

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Leviev gets back stake in Zambian emerald mine

Israeli diamond billionaire Lev Leviev has regained ownership of a 50 percent stake in an emerald mine in Zambia at the heart of a $50-million dispute, according to a media report.

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Stornoway Diamonds stabilises production in Q4

Diamond production of Stornoway Diamonds has stabilised in Q4 after boosting the underground operations at the Renard Diamond Mine in Canada. This might help the company to lift its production guidance 2019, says thediamondloupe.com.

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Gem & Jewellery Domestic Council to be launched in Mumbai on January 28

A new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will be formally launched by the Hon’ble Minister of Commerce & Industry, Shri Suresh...

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Namibia diamond trading company appoints new CEO

Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, has appointed Brent Eiseb as the new chief executive with effect from 1 January, according to local news reports citing the company’s board...

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Diamond Sector Outlook – Entering a growth and disruption phase

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(insights.abnamro.nl) - In this publication: The diamond industry has moved from a relatively stable environment to a highly uncertain environment. 2018 was the year that De Beers launched its lab-grown diamond jewellery. 2019 and the years ahead will see lab-grown diamonds for jewellery entering the growth phase. This has serious consequences for the actors in the diamond industry. Natural diamond buyers such as retailers, consumers and jewellery manufacturers) will likely de-stock and hold less inventory. This will result in lower demand for natural diamonds and weigh on prices. Miners will rethink their strategy in light of uncertainty about natural diamond demand, and questions about the value of a diamond. Lab-grown diamond producers will probably focus on technology to become less energy dependent, or use more sustainable energy sources, to increase the product suite and lower prices for the lab-grown diamonds used in jewellery. Consumers will profit from the wider variety of diamonds at more attractive prices.

Banks forcing diamond merchants to formalise post-Nirav Modi

18 january 2019

(tribuneindia.com) - State Bank of India's new credit policy under which gem and jewellery merchants with loans of Rs 50 crore and above are required to incorporate themselves has left several medium diamond merchants reeling. The country's biggest public sector bank which accounts for a bulk of loans to the diamond cutting and polishing sector has set a deadline of December 2019 for the incorporation process to be completed. Those in the trade fear that incorporation of their companies would require them to open up their books for inspection by auditors and various government agencies and would subject them to harassment.

Natural Diamonds are the Natural Choice

17 january 2019

(jewellermagazine.com) - No product, as shiny and sparkly as it may be, can take the place of a natural diamond. Boaz Moldawsky explains why synthetic stones are banned by the Israel Diamond Exchange.

Van Cleef and Cartier Are The RealReal’s Top Resale Jewelry Brands

16 january 2019

(jckonline.com) - Pre-owned luxury retailer The RealReal recently released its annual Holiday Resale Report, which details the brands that best held their original retail value (and therefore may be the best investments) on the site over the previous year. In jewelry, Van Cleef & Arpels held its value better than any other brand—for the second year in a row. Pieces from the the maison’s Alhambra collection were most popular; on average, they retailed for 74 percent of their original price.

Can China’s Debt-Ridden Youth Continue to Prop Up Luxury’s Future?

15 january 2019

(jingdaily.com) - Luxury brands’ “Great Chinese Dream” is largely dependent upon China’s millennial and Gen-Z shoppers, who Bain & Company estimated would account for 46 percent of luxury purchases in the market by 2025. But what if this promising outlook is partially fueled by debt? A recent survey from HSBC shows that the debt-to-income ratio of China’s post-’90s generation (typically refers to individuals born between 1990 and 1995) has reached a staggering 1,850 percent. Meanwhile, the average amount of debt this group owes to a variety of lending and credit-issuing institutions is over $17,433 (RMB 120,000).

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