Diamonds have unique potential to capture consumer spend previously allocated to travel
Press release – De Beers Group’s third Diamond Insight ‘Flash’ report explores opportunities for diamonds as consumers reallocate discretionary spend.
The R&M “Lettre”
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Tiffany providing info about where diamonds cut, set
Tiffany & Co., which last year announced it was telling consumers the place and country where most of its diamonds were mined, is now taking that further by telling consumers where its gems are cut and set into jewelry.
Why Lucara’s new deal might change the diamond market
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.
De Beers CEO: how we plan to transform our business
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 develop their own price scale, seller says
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 trade calls for lower import tax
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.
U.S. retail market will be surpassed by China’s this year
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.
“La Lettre” New generation – Give us your opinion
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 […]
This is how COVID-19 impacted jewelry sales
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 […]
India extends import curbs as Surat shuts again
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.
GIA New York laboratory to reopen June 29
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.
Ben Chavis on Black Lives Matter and the jewelry industry
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.
