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On July 15, Lucara Diamond, owner of the Karowe mine in Botswana, announced it had forged a “groundbreaking” deal with Antwerp Belgium’s HB Group. The deal calls for Lucara to sell all its “special” (more than 10.8 ct.) diamonds to HB through the end of the year.
On Thursday July 27, De Beers released financial results for the first half of the year, which show just how much it’s been battered by COVID-19—with total revenue coming in at $1.2 billion, a 54% drop from the year before, which itself was not a great period.
Lab-grown diamonds may soon develop their own distinct price scale that differs from that of natural diamonds, Andrey Zharkov, the former chief executive officer of Alrosa who now heads the lab-grown diamond company Ultra C, predicted during a recent webinar.
India’s diamond sector has asked the government to reduce import duties for polished, arguing that a lower rate would boost the country’s position as a trading hub.
A new study from market research firm eMarketer forecasts that China’s retail market will become the biggest in the world in 2020—surpassing the U.S. retail market, which has been the largest in the world for more than a century.
Rubel & Ménasché is a company that is always on the move and trying to improve. Our “Lettre” follows the rule! We changed its layout and distribution a little at the start of 2020. But our reflection actually goes much further and we are now wondering about the form and the substance. And who better […]
COVID-19 hit the world like a wild and destructive storm, harming lives and assets as it spread. The diamond and jewelry industry was not spared, and sales dropped significantly – how significantly was anyone’s guess until now. Following are the figures showing just how COVID-19 impacted sales, and how the tide is perhaps starting to […]
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.
As New York goes through its phased reopening, the Gemological Institute of America (GIA) announced that it will open its New York City identification and grading laboratory on Monday, June 29.
Dr. Benjamin Chavis Jr. has been active in the jewelry industry since 2007, when he cofounded Diamonds Do Good (formerly the Diamond Empowerment Fund), the industry nonprofit that supports charities in the communities where diamonds are mined and cut.
That was fast. Two months after Martin Rapaport announced he would be publishing his influential price list on a monthly basis, he has reversed himself and announced that the list would be published weekly again.
How can you remain efficient, continue to work, and maintain a connection? The lockdown put companies to the test and forced them to challenge the way they operate. Rubel & Ménasché was no exception. Today, the diamond specialist reveals a few snippets from its lockdown and post-lockdown periods, and shares one of the tools designed […]
