The R&M “Lettre”

Lucara Diamond Corp. and HB Antwerp have extended their agreement, announced last year, which will require HB to buy all the 10.8 ct. rough diamonds from the Karowe mine in Botswana for another two years.

Press release – The new Forevermark Avaanti™ collection comprises of 36 stand-out pieces, which celebrate the spirit of possibility, each sweeping like a ripple to symbolise the start of something new.

Consumers are more aware of lab-grown diamonds, though their perception of them differs from their view of natural diamonds, according to De Beers’ latest Diamond Insight Flash Report.

An advertising watchdog has urged Diamond Foundry to amend its marketing, claiming that some of its language could mislead consumers about the origins of its lab-grown stones.

The period 2020-21 of the global diamond and diamond jewellery industry could be termed as the most trying and arduous ever faced in recent times. When COVID-19 made its appearance, the diamond industry as part of the luxury sector was majorly impacted, due to lockdowns, travel restrictions and other hurdles.

Last year, Australia’s Argyle diamond mine closed after 37 years of operation. [In March], Melbourne University Publishing released Argyle: The Impossible Story of Australian Diamonds, a comprehensive history of the mine by Stuart Kells.

Getting engaged and buying an engagement ring is a key life event. Purchasing engagement rings, especially if you are in your 20s, is usually the first time you buy a major diamond jewelry item. As such, it typically leads to many questions about the purchase.

Spending on engagement rings in 2020 was only moderately affected by the Covid-19 pandemic as increased disposable income boosted consumers’ budgets, according to a survey by The Knot.

In January, the Natural Diamond Council (NDC) and fine jewelry designer Lorraine Schwartz announced the formation of the Emerging Designers Diamond Initiative, a program created to remove barriers to entry to diamond suppliers, industry education, and resources, while providing ongoing mentorship to BIPOC jewelry designers.

Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned.

The diamond industry, which bounced off the bottom in July and August last year, received a strong support from the strong holiday jewellery sales, and in 2021, it is ready to compete in the growth rates with other beneficiaries of the global economic recovery from the COVID-19 pandemic.

Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs.