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.
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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.
Lucara finds 998ct. diamond
The Karowe mine has produced a 998-carat diamond, the latest in a string of large rough stones from the lucrative deposit in Botswana.
Record price tag: $26.6m for a 14.83-ct purple-pink diamond
The largest vivid purple-pink diamond ever to appear at auction has sold for a record $26.6m.
A chance to rebuild the diamond industry
The economic challenges resulting from Covid-19 have forced companies and industries at large to reassess their value propositions. Along with the tremendous health concerns, the coronavirus has also brought unprecedented disruption to the global economy, pushing the business community to modify the way it operates. The changes that have taken effect during the coronavirus will […]
What Argyle’s closure means for the diamond business
Regardless of all the history that the Argyle mine sparked—some of it no doubt unexpected when a handful of diamonds were first discovered in Western Australia in 1979—its closure may signal a new era in diamond mining.
Chow Tai Fook unveils in-house AI grading report
Chow Tai Fook is launching its own diamond certificates based on artificial intelligence, using a new grading scale featuring numbers instead of letters.
Louis Vuitton to cut 549-carat Lucara Diamond
Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara.
Australia’s Argyle mine is now closed
The Argyle Diamond Mine in Western Australia, the world’s major source for pink and purple stones, marked its last day of mining Tuesday [November 3].
