Armenia puts up for sale more than half of valuables from state reserve

On September 24, the Government of the Republic of Armenia approved the sale of the most illiquid valuables stored in the vaults of the State Treasury of Precious Metals and Stones supervised by the Ministry of Finance of Armenia. The auctions will take...

Today

Caledonia Mining acquires new gold mining project in Zimbabwe

Caledonia Mining has entered into an agreement to acquire the mining claims over the Maligreen project, a property situated in the Gweru mining district in Zimbabwe from Pan African Mining for $4 million.

Today

SA diamond producers welcome ruling on Mining Charter

The South African Diamond Producers Organisation (SADPO) has supported a High Court ruling that the country’s Mining Charter is an instrument of policy, not binding legislation.

Yesterday

Indian diamond exporter under Income Tax radar

The Income Tax department carried out search operations on premises connected to a leading diamond manufacturer and exporter from Gujarat and seized a large volume of unaccounted data. The raids, which began on September 22 based on intelligence input...

Yesterday

New RJC standard for lab-grown materials

Responsible Jewellery Council, the world’s leading standard-setting organisation for the global jewellery and watch industry with 1,500 member companies in 71 countries, announced that it will develop a standard for laboratory-grown materials to establish...

Yesterday

Lightbox and Lab-Grown Diamonds: Tracing the Price Trajectory

09 august 2021

(nationaljeweler.com) - In 2018, De Beers sent shockwaves through the industry by announcing it would begin selling lab-grown diamonds. The diamond miner and marketer made the announcement just ahead of Las Vegas market week. But it did so with the caveat that its man-made diamonds would be used in fashion jewelry only under a new brand called Lightbox. The brand has a clearly defined pricing structure: $200 for a piece set with a 0.25-carat diamond; $400 for a half-carat diamond; $600 for 0.75 carats; and $800 for 1 carat. The news sparked conversations about what would happen to lab-grown diamond prices now that an industry giant had lumbered into the ring and sent an unmistakable message about what it believes the stones are worth. Three years in, National Jeweler is checking in with diamond market experts to see what actually happened since Lightbox hit the market.