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Synthetic gem prices fell so fast that WD Lab Grown Diamonds couldn’t make a profit, the company’s former CEO, Mike Grunza, said during a Delaware bankruptcy proceeding this week. WD liquidated in October.
The Bleu Royal, a 17.61 ct. internally flawless fancy vivid blue diamond, sold for 39.5 million Swiss francs, or about $44 million, at Christie’s Magnificent Jewels sale in Geneva on Nov. 7.
Living the diamond life every day is the core message of the NDC’s new global ad campaign.
De Beers Group has appointed Sandrine Conseiller as CEO of De Beers Brands, which oversees its retail chain and Forevermark brand.
Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production.
The National Diamond Council (NDC) has appointed De Beers executive David Prager as chairman to succeed Stephen Lussier, who is stepping down.
Chow Tai Fook today reported a 5.8 per cent increase in the value of Q2 retail sales, driven by an influx of tourists from the Mainland to Hong Kong and Macau.
The World Jewellery Confederation held its latest gathering in Jaipur, India, from October 3 to 5. Here are some of the hot topics that came up at the event.
“In its 10th Diamond Insight report, De Beers conducts an in-depth analysis of the Chinese market, the world’s second-largest diamond jewelry market after the United States.”
Legal terms have changed since the Russia crisis, the RJC can now remove members.
Manufacturers, dealers and jewelers overbought during positive periods, ignoring the lessons of previous up-and-down cycles.
De Beers is putting the emphasis on natural diamonds in Q4 and ending Lightbox’s lab-grown diamond engagement ring test run.
