State of the Diamond Industry: AI and the Future of Diamond Grading
Gemologists have long used machines in diamond grading but technology has made it possible for them to “learn” how to do it on their own.
The R&M “Lettre”
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India’s Polished Exports Continue to Decline
India’s polished-diamond exports slumped 39% year on year to $1.32 billion in April, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). The trade has seen declines in polished exports for three of the first four months of 2023, as the US and China consumer markets have slowed. Rough imports […]
India’s Lab-Grown Diamond Industry Is Growing Up
The mood is bullish as more companies get into the business despite the dramatic drop in lab-grown diamond prices.
De Beers Lowers Prices as Weak Demand Continues
De Beers has reduced prices of larger rough diamonds at this week’s sight and has offered increased flexibility as the slow market continues to affect manufacturers.
Educating consumers key to natural diamond sales: NDC
The Natural Diamond Council (NDC) will introduce an educational program for retailers after finding that imparting knowledge to consumers is key to increasing sales of mined stones.
Lab-grown not cannibalizing natural, says De Beers Chief
Strong lab-grown sales in the bridal category should not overly worry the natural-diamond industry, De Beers cochair Bruce Cleaver argued at a conference in Israel this week.
WJI 2030 joins forces with Global Fashion Agenda
The Watch & Jewelry Initiative 2030 (WJI 2030) has formed an alliance with the Global Fashion Agenda (GFA) to tackle shared social and environmental challenges, the organizations said in a joint statement.
Why do the new Russian diamonds sanctions concern all of us?
Dear readers, This week, our Lettre is as multifaceted as the challenges facing the diamond and jewelry industry.
The auction market is becoming harder to Forecast
Hammering out the details: signed jewels and white diamonds are some of the safer bets for collectors, insiders say.
Podcast: the path toward sustainability
Rapaport’s Avi Krawitz chats with Iris Van der Veken of the Watch & Jewellery Initiative 2030 about the organization’s immediate and long-term goals.
Why further Russian diamond sanctions could be coming
On Feb. 24, the one-year anniversary of Russia’s invasion of Ukraine, G7 leaders vowed to take action to decrease sales of Russian diamonds.
De Beers examining “all options” for Forevermark
De Beers is considering a range of possibilities as it ponders the future of its Forevermark diamond brand, chief financial officer Sarah Kuijlaars tells JCK following the release of the company’s 2022 financial results.
