Gold demand in China to dip 10-15% in Q1 2020

Demand for gold in China is expected to weaken in the first quarter of 2020 as the country’s consumption-led economy grapples with the coronavirus outbreak.

Today

Angolans witness polishing of Lulo diamonds in Botswana

Angolan officials led by the country’s ambassador to Botswana recently toured Safdico Botswana where diamonds from Lulo Mine are being polished.

Today

Baselworld 2020 attracts more professionals in the field of technical equipment for the jewelry sector

The Baselworld watch and jewelry exhibition, which will be held from April 30 to May 5, 2020 in Basel, Switzerland, intends to attract a large number of players in the field of technical equipment for the jewelry sector.

Today

Volgograd to host a jewellery show at the end of February

"JewelerEXPO 2020" jewellery show will open in Volgograd on February 19, 2020.

Today

Botswana, De Beers to conclude diamond sales negotiations by end of April

Botswana and De Beers are expected to conclude negotiations on the new diamond sales agreement by the end of April.

14 february 2020

Diamond Evolution: Why the 4Cs is no longer an adequate pricing system

13 september 2019
(jewellerybusiness.com) - Using the 4Cs (colour, clarity, cut, and carat weight) to explain diamond pricing was developed by the Gemological Institute of America (GIA) in the 1950s. At that time, cloudy diamonds were considered ‘industrial-grade’ stones and were not set in jewellery. As such, transparency was not a concern, nor was treatment status, as almost all diamonds were untreated. Likewise, there were no separate price lists for rounds or other shapes—therefore, it didn’t matter that ‘cut’ was used interchangeably to refer to both the shape of the stone and the quality of the cut. Further, the only lab-grown diamonds that were available were tiny stones, which were used as industrial abrasives. Times have changed. These days, cloudy and hazy diamonds are often used in jewellery, but their clarity grade on lab reports does not necessarily reflect their lower transparency and value. It’s also become much more common for diamonds to be treated to improve their colour and apparent clarity grades—and the price difference between treated and untreated diamonds can be significant. Additionally, cutting style and shape are distinct price factors from cut quality and many gem labs now issue diamond reports with cut grades. High-quality lab-grown diamonds have become widely available and sell for much less than mined, natural diamonds. When all of these listed factors are considered, it becomes very clear the 4Cs is no longer an adequate pricing system.