Worldwide jewelry sales rise by 4% in 2018 - ALROSA

Global sales of diamond jewelry grew by 4% in 2018 compared with last year and amounted to $85.9 billion.

Today

RAPAPORT organises melee auction in Belgium

Rapaport Auctions is organizing a melee auction in Belgium from March 25-27, AWDC reported.  

Today

Namdia receives 78 bids from potential diamond buyers

Namibia’s state-owned diamond trading company, Namib Desert Diamonds (Namdia) has received 78 applications from potential diamond buyers around the world, according to local news reports.

Yesterday

ALROSA changes its client policy to maximize profit

ALROSA, a Russian diamond mining company, intends to modernize its client policy to increase the company's profit, FINMARKET.RU reports, citing the company's CEO, Sergey Ivanov.

Yesterday

Synthetic diamond coating is a new challenge for gemmologists

A study concerning a yellow crystal submitted for analysis to the Far East Geological Institute (FEGI) showed that the stone was a synthetic moissanite covered with a thin diamond film, says a report in the Gemmological Institute of America (GIA)...

Yesterday

Don't Poke the Bear!

14 january 2019
(The Jeweller Magazine) - The first text came in at 3:43am Las Vegas time. It was a press release from De Beers announcing the launch of Lightbox Jewelry, the company’s new collection of synthetic diamonds. The irony is so thick in that I was at Newark airport fewer than 24 hours earlier, where someone who works for one of the laboratory-grown companies was telling me they now own 200 reactors and that business was great. The discussion motivated me to become more knowledgeable about what synthetic diamonds actually cost to grow and I had been researching the costs. How expensive is a reactor? What are their growth rates and labour costs? I concluded that the cost to produce these goods is far below what the current sellers are claiming. In fact, my friend at the airport told me the cost of their laboratory-grown crystals was twice what it cost them for mined diamonds.