Lab grades its largest CVD Diamond
The International Gemological Institute’s (IGI) Hong Kong laboratory has graded a 12.75-carat synthetic diamond, the largest chemical vapor deposition (CVD) stone it has ever received.
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De Beers buys Petra Blue Diamonds for $40M
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.
Tiffany’s Q3 buoyed by online, Asia-Pacific sales
Tiffany & Co.’s worldwide sales showed signs of hope in the third quarter, bolstered by a strong performance in the Asia-Pacific region and soaring online sales.
Looking like a happy holiday, forecasters say
Holiday sales will likely rise between 3.6% and 5.2% this year, though the continuing spread of COVID-19 still poses risks to retail, the National Retail Federation said in its annual holiday forecast.
Luxury sales won’t recover for two years – Bain
Sales of personal luxury goods will fall 23% this year, the first decrease since 2009, and are unlikely to recover for at least two years, Bain & Company predicted.
De Beers Group shuffles departments with focus on social responsibility
De Beers Group is shuffling up some of its key departments in an effort to show the diamond mining and jewelry company is focused on promoting its corporate social responsibility measures.
Mining companies and local communities: the balance of give and take
Most mining companies often clash with the local communities whenever they intend to establish a new mine that leads to their relocation.
How Tiffany and LVMH kissed and made up
When LVMH first approached Tiffany & Co. about a takeover in 2019, it was with an initial price of $120 a share. That was turned down. Eventually, the two sides arrived at a final price of $135 a price.
Expect higher diamond prices this holiday season
Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.
De Beers debuts ReSet collective with top designers
Last year, U.S. designers Jade Trau, Jennie Kwon, Julez Bryant, Sara Weinstock, and Zoë Chicco participated in a trip to Botswana hosted by De Beers Group. They were there to find out more about the partnership between De Beers Group and the people of Botswana, and the mine known as Debswana, which they visited to observe its operations, and some […]
6 rules for jewelers to make sales online
Jewelers should follow six basic steps to generate credibility for making online sales, according to a team at Stanford University, led by behavioral expert B.J. Fogg.
ALROSA reports its October 2020 diamond sales results
ALROSA reports its rough and polished sales results for October and ten months of 2020.
