The R&M “Lettre”

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.

The World Jewellery Confederation held its latest gathering in Jaipur, India, from October 3 to 5. Here are some of the hot topics that came up at the event.

De Beers and Sarine Technologies are joining forces to create a system that will let Group of Seven (G7) countries see the full provenance of all diamonds passing through customs.

The diamond industry will remain under pressure as geopolitics and the rising popularity of lab-grown cause a fundamental restructuring of the market, cautioned Rapaport Group Chairman Martin Rapaport.

Last month, De Beers announced it would spend $20 million on a “Seize the Day” campaign touting natural diamonds.

Rubel & Ménasché and Sarine  Unveil New Data-Backed Solution for Melee Diamonds 

Dear readers, In this new issue, we’re inviting you to dig into Rubel & Ménasché’s recently published 2023 CSR Report. Responsibility and transparency remain the watchwords of the solid strategy to which Rubel & Ménasché, its teams and its external partners have committed.

Alrosa has canceled its next two sales and urged caution from buyers and suppliers amid a steep downturn in the diamond market.

“In its 10th Diamond Insight report, De Beers conducts an in-depth analysis of the Chinese market, the world’s second-largest diamond jewelry market after the United States.”