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Dear Readers, Are diamond prices about to stabilize? The first signs of a soft landing should see the market return to calmer, more stable waters. The halt in diamond imports from India should help, as will market momentum in the run-up to the festive season as intermediaries clear their inventories. Reduced circulation of Russian diamonds […]
De Beers is testing a plan to sell diamonds with an “origin story” at 65 stores through the United States.
A new sanctions package proposed by the European Commission would prohibit Russia from importing rough and polished diamonds into Belgium and other EU countries after January 2024, according to a report in Reuters.
Kering-owned brand Boucheron has purchased a Paris atelier that it believes will help it increase its jewelry output.
RAPAPORT PRESS RELEASE, November 7, 2023, Las Vegas… Diamond prices showed a more moderate decline in October amid holiday demand and a reduction in rough supply.
Despite continued growth, this marks a pivotal moment for brands; winners will define themselves through resilience, relevance, and renewal to navigate through growing turbulence.
It was midnight. The annual Kimberley Process (KP) plenary in Victoria Falls, Zimbabwe, had come to a preliminary agreement on its communiqué—which included some 90 items, mostly about administrative matters like choosing Botswana as the home of its much-delayed secretariat. The members of the certification scheme applauded.
In the jewelry world, the year kicks off with Vicenzaoro, organized by the Italian Exhibition Group(IEG) and held January 19–23, 2024, in Vicenza, Italy, about 30 miles outside Venice. The international jewelry exhibition celebrates its 70th anniversary in 2024.
A year after launching its fine jewelry collection, the Italian luxury brand is adding lab-grown diamonds to the mix.
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.