Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Phillips auction house will offer a 20.19 ct. fancy intense pink diamond—the most valuable jewel it’s ever put up for sale—when it holds its first jewelry auction in Geneva, Switzerland, on Nov. 6.
The fancy vivid blue diamond was estimated to sell for as much as $37 million at Sotheby’s Hong Kong.
Alrosa has canceled its next two sales and urged caution from buyers and suppliers amid a steep downturn in the diamond market.
‘Succession’s’ Roy family helped bring this trend back in a major way.
Amid financial pressures and declining training opportunities, the number of lapidaries is plummeting — but there is cause for hope.
De Beers is putting the emphasis on natural diamonds in Q4 and ending Lightbox’s lab-grown diamond engagement ring test run.
Lightbox, De Beers’ lab-grown diamond brand, has called off its trial of engagement rings, citing a lack of business prospects.
Following an often-bitter public squabble that both riveted and unnerved the diamond trade, De Beers and Botswana have reached an agreement in principle that includes a new 10-year sales deal and a 25-year renewal of the company’s diamond mining licenses when they expire in 2029.
Gemologists have long used machines in diamond grading but technology has made it possible for them to “learn” how to do it on their own.
De Beers has reduced prices of larger rough diamonds at this week’s sight and has offered increased flexibility as the slow market continues to affect manufacturers.
The Natural Diamond Council (NDC) will introduce an educational program for retailers after finding that imparting knowledge to consumers is key to increasing sales of mined stones.
The company is going underground at the A21 open pit, a move that will help extend the mine’s life into early 2026.
