Indian diamond industry may halt purchases of all diamonds from 10 to 31, July

The Gem and Jewellery Export Promotion Council of India along with four other industry bodies have again issued an appeal to industry members to halt all purchases of diamonds between 10 and 31 July.

Today

Diamond smuggling rising in Zim – report

The smuggling of Zimbabwean diamonds to Mozambique is on the rise following the closure of official border posts to curb the spreading of Covid-19, according to a study conducted by the Kimberly Process Civil Society Coalition (KPCSC).

Today

India’s jewellery show ‘IIJS Premiere’ rescheduled to January 2021

India’s largest jewellery trade show, the India International Jewellery Show (IIJS) Premiere, has been rescheduled due to the ongoing Covid-19 pandemic, according to a press release from the Gem and Jewellery Export Promotion Council (GJEPC)...

Today

Hong Kong jewellery sales dip 69.7% in May

Jewellery sales in Hong Kong this last May fell 69.7 per cent y-o-y, according to the latest data from the Census and Statistics Department of Hong Kong.

Today

De Beers, Alrosa record ‘rock-bottom’ sales in June – report

Two leading global diamond companies, De Beers and Alrosa recorded “rock-bottom” sales in June as buyers rejected their high rough prices, according to media reports.

Yesterday

Diamond Wars; And The Winner Is Not Natural!

22 november 2019

(forbes.com) - It’s getting harder by the day to believe that synthetic diamonds are not damaging the market for natural gems despite evidence that the diamond leader, De Beers, might have kicked a very expensive own goal. The latest clue pointing to trouble in the market for natural (or mined) diamonds came recently in a Forbes story which reported a plan to sell laboratory-grown diamonds in Bloomingdale’s and Reeds Jewelers. While there is not much new about synthetic diamonds what is significant about the Bloomingdale’s and Reeds plan is that it is being promoted by De Beers via its lab-grown diamond business Lightbox. Until now Lightbox diamonds, and the man-made material can be called diamonds, have only been available via its website or pop-up promotions.