De Beers reveals jewellery design trends ahead of gifting season

De Beers has revealed diamond jewellery design trends for the forthcoming gifting season, which are influenced by consumers’ response to the COVID-19 pandemic.

Yesterday

Rio Tinto’s Argyle pink diamond tender takes inspiration from Japan

Rio Tinto’s annual Argyle Pink Diamonds Tender has taken its inspiration for its 2020 showcase from the Japanese philosophy of Ichigo Ichie, celebrating the unrepeatable nature of a moment in time, says a press release from the miner.

Yesterday

GJEPC holds first plain gold jewellery VBSM

The Gem & Jewellery Export Promotion Council (GJEPC) held its first Plain Gold Jewellery Virtual Buyer Seller Meet (VBSM) on 21-24 September.

Yesterday

Zim state-owned diamond firm to have new CEO

State-owned Zimbabwe Consolidated Diamond Company (ZCDC) is set to appoint a new chief executive who was a director at Vast Resources.

Yesterday

Ghana defends takeover of diamond company

The Ghanian government has defended its decision to take over the Great Consolidated Diamonds Ghana Limited (GCDGL) from a local private investor, Jospong Group of Companies.

Yesterday

Why Lucara’s New Deal Might Change the Diamond Market

15 september 2020

(jckonline.com) - On July 15, Lucara Diamond, owner of the Karowe mine in Botswana, announced it had forged a “groundbreaking” deal with Antwerp Belgium’s HB Group. The deal calls for Lucara to sell all its “special” (more than 10.8 ct.) diamonds to HB through the end of the year. That’s a big deal for HB, as Karowe has unearthed a lot of very special specials, including the 1,109 ct. Lesedi La Rona. But it’s also a big deal for Lucara, which derives 70% of its income from larger stones. But the interesting thing is how this deal is structured. It calls for HB to initially pay Lucara an estimate of the diamond’s eventual polished price—determined through “state-of-the-art scanning and planning technology”—minus HB’s manufacturing costs and an unspecified commission, which it’s also called a “fee.” HB will pay Lucara that initial estimate within 60 days of receiving the stone—a rare instance of a diamond miner extending credit.