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Diamond supply to the US comes from all over the world. As the world’s largest diamond consumer market, the US is the country that imports the most diamonds – more than $400 billion worth of polished diamonds in the last 30 years.
Press release – De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights US jewellers have noted increased rates of couples getting engaged during the pandemic.
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.
Holiday sales will likely rise between 3.6% and 5.2% this year, though the continuing spread of COVID-19 still poses risks to retail, the National Retail Federation said in its annual holiday forecast.
De Beers Group is shuffling up some of its key departments in an effort to show the diamond mining and jewelry company is focused on promoting its corporate social responsibility measures.
Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.
The economic challenges resulting from Covid-19 have forced companies and industries at large to reassess their value propositions. Along with the tremendous health concerns, the coronavirus has also brought unprecedented disruption to the global economy, pushing the business community to modify the way it operates. The changes that have taken effect during the coronavirus will […]
Regardless of all the history that the Argyle mine sparked—some of it no doubt unexpected when a handful of diamonds were first discovered in Western Australia in 1979—its closure may signal a new era in diamond mining.
Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara.
The war between LVMH and Tiffany & Co. has ended, with both sides agreeing to shave over $400 million off of last year’s $16.2 billion purchase price. Yet, it’s hard to tell who actually won this battle. It looks like they both lost.
The diamond market suffering from an oversupply of rough diamonds and changes in the consumer priorities in retail turned out to be a fertile ground for the seeds of COVID-19 that is devastating to the global economy. The coronavirus almost completely froze the diamond trade and forced major players to make unprecedented concessions to their […]
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.
