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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.
Revenue from Richemont’s jewelry brands was strong in the first fiscal half as demand grew in most regions, primarily Asia Pacific.
Dear readers, In this latest newsletter, we begin by telling you all about the initiatives underway in the diamond sector. Following the departure of Stephen Lussier, David Prager has become the new Chairman of the Natural Diamond Council. Prager is convinced of the need for transparent communication and information, and he intends to continue the […]
Living the diamond life every day is the core message of the NDC’s new global ad campaign.
Bulgari has recently unveiled Bulgari Serpenti: 75 Years of Infinite Stories, an exhibition that immerses visitors in the enchanting world of the famous serpent. The Serpenti icon, which has captured the hearts of people worldwide since its creation in 1948. This exhibition took place in Dubai, marking the first exhibition of its kind in the […]
Phillips auction house will offer a 20.19 ct. fancy intense pink diamond—the most valuable jewel it’s ever put up for sale—when it holds its first jewelry auction in Geneva, Switzerland, on Nov. 6.
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.
The fancy vivid blue diamond was estimated to sell for as much as $37 million at Sotheby’s Hong Kong.
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.
