Tiffany sparkles as LVMH sales soar
LVMH saw sales of jewelry and watches surge in the third quarter, buoyed by a strong performance from Tiffany & Co.
The R&M “Lettre”
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Rio Tinto reveals first jewelry under Argyle brand
Rio Tinto has debuted an AUD 6 million ($3.8 million) ring, the first piece of jewelry from its Argyle Pink Diamonds brand.
Let’s talk about about De Beers, Botswana, market trends and fine jewelry!
Dear readers, This week’s Lettre is packed full of exciting information! Among other things, we have published the rich and engaging discussion between Bruce Cleaver, outgoing CEO of De Beers Group, and Lefoko Moagi, Botswana’s Minister of Mineral Resources and Energy, interviewed by Edhan Golan, at the AWDC’s Facets 2022 conference.
Fine jewelry collections are re-writing the genre #3: Bvlgari, Pomellato and Cartier, beauties in nature and the world
After Dior, Vuitton, Fendi, Chanel and Van Cleef & Arpels, it is the turn of Bvlgari, Pomellato and Cartier to present their talent. The most classical themes in fine jewelry, such as the wonders of nature, gardens and the world, are revisited here in designs which conjure up spectacular results. The very nature of the […]
Podcast: diamond market plays it cool
The diamond industry is facing contrasting trends at the start of the important fourth quarter. US jewelers are optimistic for the holiday season, but the trade is staying cautious amid the economic slowdown.
Botswana: We must go beyond upstream. Cleaver: De Beers to invest $10-11 billion to expand business
Botswana’s Minister of Minerals and Energy Lefoko Moagi and De Beers’ CEO Bruce Cleaver set with Edahn Golan for an interview at the opening of AWDC’s Facets 2022 conference.
Belgium parliament backs new banking law
Belgium’s parliament has voted in favor of a new banking law, paving the way for easier access to financial services among Antwerp’s diamond dealers.
Ekati yields Canada’s largest fancy-yellow diamond
Arctic Canadian Diamond Company has unearthed a 71.26-carat rough, which it claims is the largest fancy-vivid-yellow diamond ever found in Canada.
Bruce Cleaver to be succeeded by Al Cook as CEO of De Beers Group
Presse release – Bruce Cleaver to become Co-Chairman of De Beers Group.
New EU sanctions spare Russian diamonds – report
The European Union is proposing a fresh package of restrictions on Russian goods but is leaving diamonds untouched, according to the Politico news website.
In September, De Beers’ rough sales show signs of softening
Rough diamond sales totaled $500 million, up only about 2 percent year-over-year and down 22 percent from the previous sales cycle.
Lab-grown now 10% of diamond engagement ring market
Jewelry with lab-grown diamonds has comprised around 10% of U.S. diamond engagement ring sales so far in 2022, according to data provided by industry analyst Edahn Golan at Facets 2022, the recent conference held by Antwerp World Diamond Centre.
