The R&M “Lettre”

De Beers will see stable production until 2024, management predicted, as the miner maintains a positive outlook on diamond demand.

Rio Tinto and Star Diamond Corporation have called off a long-running court battle over the development of their joint Canadian exploration project.

There has been a jewelry sales explosion since the COVID outbreak, and American consumers keep fueling it, buying jewelry en masse during the holiday season.

Pomellato will trace its jewelry’s path from origin to purchase through a newly created app it called “the first of its kind” in the industry.

ALROSA reports preliminary rough and polished sales results for November 2021.

While the recent Kimberley Process (KP) plenary didn’t make progress on one long-sought-after goal—widening the KP’s definition of conflict diamonds—it did pass a nonbinding declaration pushed by host country Russia that spells out the basics of “responsible diamond sourcing.”

The untitled marketing campaign tells consumers GIA has graded some of the most important diamonds in the world, including theirs.

The recent Kimberley Process Plenary in Moscow featured—as expected—mostly familiar squabbles and an all-too-familiar lack of progress. But the famously fractious certification scheme greeted the most surprising announcement—Zimbabwe’s bid to be named vice chair, the traditional stepping stone to becoming chair—with an also-surprising lack of dissent.

Alrosa has trimmed its roster of long-term clients for the miner’s new contract period, which will go into effect on January 1.

Some question if the rough market is cooling off even as diamond jewelry sales to end consumers remain strong.

In the industry discussions on the role and prospects of synthetic diamonds (SDs) and their advantages and disadvantages in comparison with natural diamonds (NDs), it is always emphasized that SDs comparable in characteristics are much cheaper (at least by 50%) than NDs.

The digital drive influencing the diamond industry is only going to intensify, stressed Neil Ventura, the company’s vice president of strategy and innovation, urging the trade to embrace these developments or risk being left behind.