More retailers selling lab-grown diamonds, survey finds
About 38% of independent jewelers are now carrying lab-grown diamonds, according to a new survey by MVI Marketing for the International Grown Diamond Association and InStore magazine.
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Tiffany–LVMH war ends with no winner
The war between LVMH and Tiffany & Co. has ended, with both sides agreeing to shave over $400 million off of last year’s $16.2 billion purchase price. Yet, it’s hard to tell who actually won this battle. It looks like they both lost.
Alrosa extends supply contract to March 2021
Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday [October 21].
De Beers delays new sightholder contract
De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.
Lightbox is headed to Blue Nile
Lightbox is here to shake things up again. The De Beers-owned lab-grown diamond brand is partnering with jewelry e-tailer heavyweight Blue Nile on a new collection.
Can the diamond market take revenge?
The diamond market suffering from an oversupply of rough diamonds and changes in the consumer priorities in retail turned out to be a fertile ground for the seeds of COVID-19 that is devastating to the global economy. The coronavirus almost completely froze the diamond trade and forced major players to make unprecedented concessions to their […]
India rushes to meet US Holiday demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.
The importance of being Tiffany
There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co.
LVMH jewelry and watch revenue slides
LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.
Alrosa cancels October rough sale
Alrosa will not hold a rough trading session in October in an effort to avoid releasing too many goods during a fragile recovery in the diamond market.
De Beers Group rough diamond sales for Cycle 8, 2020
Press release – De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2020.
GIA’s new reports for lab-grown diamonds are out
The Gemological Institute of America just rolled out its new reports for lab-grown diamonds, which use the same color and clarity grading terminology the lab has long applied to natural diamonds.
