The R&M “Lettre”

De Beers raised prices of smaller rough diamonds at its June sight in response to a strengthening market for that category.

The elections took place at the organization’s recent annual general meeting.

The average price of natural diamonds may increase as much as 15% this year, as sanctions against Russia constrain supply, and consumer demand continues to be “buoyant,” according to a new report from Bank of America Global Research.

There’s a new Tiffany & Co. pop-up in Paris—but if you’re hoping to find it by searching for the exact shade of Tiffany Blue we’ve come to know and love, you might just miss it.

The Gemological Institute of America (GIA) announced [Tuesday June 7] that, by 2025, its lab will issue only digital grading reports, ending more than 50 years of providing paper documents.

Dear readers Our summary Lettre of the Week focuses on three key points for the development of our industry. Let’s start with production. This is a crucial issue for the diamond industry’s future. While diamonds are forever, mines are not.

Dear Readers, This week, we bring you a multi-facetted Lettre with plenty of resources.

The Indian jewelry trade is calling on the government to invest in the lab-grown diamond industry, noting the sector could contribute up to 150 million carats of polished a year.

Press release – De Beers Group [announced May 18] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2022.

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.

De Beers Group continues to see strong demand for rough diamonds, with 2022 sales pacing 21 percent ahead of last year.