Lab-grown not cannibalizing natural, says De Beers Chief
Strong lab-grown sales in the bridal category should not overly worry the natural-diamond industry, De Beers cochair Bruce Cleaver argued at a conference in Israel this week.
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Lab-Grown diamond awareness is strong, but consumers still confused
Most consumers have heard of lab-grown diamonds. They know they exist. But many still aren’t quite sure what they are.
How two crises shaped the diamond trade
For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for the trade’s inventory and absorbed much of its credit risk. Manufacturers pay up front for rough, process the stone, and then typically sell the polished on credit, offering terms of 30 to 60 days. […]
Russia to chair Kimberley Process in 2021
Russia has begun its chairmanship of the Kimberley Process (KP) after the organization deferred the role by a year due to disruption stemming from the Covid-19 pandemic.
GemFair’s new MOU to advance diamond artisanal mining sector
Press release – GemFair signs MOU for joint delivery of capacity building programme to advance ASM standards in West Africa. Partnering with GIZ and Mano River Union to deliver training on mining standards in Sierra Leone, Liberia, Guinea and Ivory Coast.
Tiffany, LVMH deal hits a snag
The official closing of LVMH’s acquisition of Tiffany & Co. may be delayed, following a request from Australian regulators seeking more time to review the deal.
Just how eco-friendly are lab-created diamonds?
I’ve looked at tons of company pages about the eco-impact of lab-grown diamonds, and I’ve noticed one thing: Very few talk about the eco-impact of lab-grown diamonds.
Engagement ring spending flatlined in 2018, survey shows
It was the first time since 2009 that the average cost of a wedding has slipped below $25,000 in The Wedding Report’s year-end survey and was on par with what consumers spent in 2008, when the average was $24,100.
Gem Diamonds signs off 2018 with 125ct. find
Gem Diamonds has recovered a 125-carat diamond at its Letšeng mine in Lesotho, bringing the company’s annual haul of 100-carat-plus stones to 15.
De Beers rough diamond sales for cycle 10, 2017
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the ninth sales cycle of 2017.
Planned 5% VAT on loose diamonds continues to creates waves in India and UAE
A proposed new 5% value added tax (VAT) on loose rough and polished diamonds in the United Arab Emirates (UAE) due to start being imposed next January has created huge waves both in the UAE and in India which imports and exports from Dubai.
Synthetic diamonds: legitimize, don’t ostracize
Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. Last week, India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ignoring a section of the industry
