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The moderately discreet launch of engagement rings on Lightbox’s website surprised many in the industry. De Beers’ lab-grown brand had focused on fashion jewelry since its 2018 inception. The miner’s line had always been that synthetics were for fun, affordable pieces and not for milestone events.
Following an often-bitter public squabble that both riveted and unnerved the diamond trade, De Beers and Botswana have reached an agreement in principle that includes a new 10-year sales deal and a 25-year renewal of the company’s diamond mining licenses when they expire in 2029.
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2022 sustainability report highlights milestones in climate ambition and ethical leadership of the diamond industry
CHANEL is the exclusive partner of Maïwenn’s new film, “Jeanne du Barry,” which was presented out of competition on Tuesday, May 16th, at the opening of the 76th Cannes International Film Festival.
Rapaport looks at how retailers can sway young consumers toward natural stones as lab-grown gains traction.
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.
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 […]
The mood is bullish as more companies get into the business despite the dramatic drop in lab-grown diamond prices.
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.
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.
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.
