Richemont announced it audited results for the year ended 31 march 2019 

Richemont, the Swiss luxury goods group, announced its audited consolidated results for the year ended 31 March 2019.


Tsunami at ZCDC, entire executive shown exit door

The Zimbabwe Consolidated Diamond Company (ZCDC) has fired seven executives, including the chief executive Morris Mpofu, who was recently arrested for recommending a blacklisted smuggling ex-convict to buy diamonds from the Minerals Marketing...


Unique Arkhangelsk diamonds may be used to create quantum computers

Unique Arkhangelsk diamonds have a special feature – their crystal structure is perturbed, and this is why they can record quantum information. Such diamonds can become the basic element of a quantum computer processor.

17 may 2019

ALROSA Q1 2019 IFRS results are down on a y-o-y basis

ALROSA, the world’s leader in diamond mining, announces its IFRS financial results for Q1 2019.

17 may 2019

Lab Grown Diamond Council formed in NY

The Lab Grown Diamond Council (LGDC) was launched on 16, May 2019 in New York. The Mission of the LGDC is to develop and implement a multi-tiered, international communications program designed to increase the awareness of, knowledge about, and...

17 may 2019

The Jewelry Industry Shrank Again in 2018

19 february 2019
( - The traditional jewelry industry continued to consolidate in 2018, with 1,064 North American jewelry companies discontinuing operations last year, though the number of companies entering the business rose nearly 30 percent, according to the annual statistics compiled by the Jewelers Board of Trade (JBT). The 1,064 discontinuances break down to 893 retail jewelers (852 in the United States, 41 in Canada); 106 wholesalers (100, United States; 6, Canada); and 65 manufacturers (61 in the United States; 4 in Canada.) The catchall term discontinuances encompasses companies that ceased operations, merged or were acquired, or filed for bankruptcy. The numbers are almost on par with those logged in 2017, when 886 North American jewelry companies ceased operations.