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.
For the last few years, the lab-grown diamond sector has led a mostly charmed existence. Demand kept rising, particularly in the United States, as the business benefited from growing consumer acceptance and all the factors that boosted the industry during the COVID-19 pandemic.
Lucara Diamond Corp. and Belgian manufacturer HB Trading have signed a sales agreement that will see the pair partner on large stones through December 2032.
Last September, I wrote an article on lab-grown diamond prices, where I quoted an “industry veteran” as saying that, with lab-grown diamonds being sold at 90% off the Rapaport list, “what’s lower than that? 100%?”
As in September, the company’s sales were up slightly year-over-year but down month-to-month
It follows a few other notable fancy color diamonds at auction this fall, with mixed results.
Press release – De Beers Group [announced Novemebr 16 ] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2022.
Botswana’s president Mokgweetsi Masisi is said to have rebutted a report in Botswanan newspaper Sunday Standard that said the country was “ditching De Beers” and planned to sell all its larger diamonds to rival miner Lucara.
Press release – De Beers is proud to announce Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source.
The success of the synthetic and natural diamond markets depends largely on the narrative of the retail jeweler. Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler’s sales pitch?
Arctic Canadian Diamond Company has unearthed a 71.26-carat rough, which it claims is the largest fancy-vivid-yellow diamond ever found in Canada.
The European Union is proposing a fresh package of restrictions on Russian goods but is leaving diamonds untouched, according to the Politico news website.
Rough diamond sales totaled $500 million, up only about 2 percent year-over-year and down 22 percent from the previous sales cycle.
