What De Beers and Alrosa clients really want
The biggest sore points for contract customers — high rough prices and weak profit margins — are intrinsically linked to the complex question of customization.
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De Beers CEO: how we plan to transform our business
On Thursday July 27, De Beers released financial results for the first half of the year, which show just how much it’s been battered by COVID-19—with total revenue coming in at $1.2 billion, a 54% drop from the year before, which itself was not a great period.
116ct. diamond fetches $6M at Christie’s
A necklace featuring a 115.83-carat diamond was the top seller at Christie’s in New York on Wednesday July 29, bringing in $6.3 million at the live Magnificent Jewels auction.
LVMH revenue dives as tourism dries up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.
Summer 2020: diamonds and precious stones make the ever more audacious fine jewelry collections sparkle!
For this exceptional summer, the Houses have vied with each other to show their audacity and creativity, and present their expertise with sumptuous collections of fine jewelry.
Twin-stone ring fetches $9M at Christie’s
A twin-stone diamond ring sold for $9.3 million at Christie’s Geneva Magnificent Jewels sale after “spirited bidding” from several participants competing via telephone, the auction house reported.
ALROSA announces new support and stabilization measures for the industry
Press release – ALROSA retains its commitment to support its clients and the diamond industry and announces a new set of unprecedented measures to offer additional flexibility to its rough diamonds’ buyers.
De Beers Group invests in try-and-buy jewelry brand gemist
The possibility of a “Warby Parker for fine jewelry” debuting and disrupting the status quo of jewelry retail has been anticipated within the industry for years.
Resolve and Diamond Developement initiative (DDI) join forces to better support responsibly sourced and artisanally mined diamonds and other minerals
Press release – The merger will expand opportunities for companies, consumers, and source communities.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the pipeline and forced shutdowns at several mines.
Alrosa sees weakest performance in years
Alrosa’s sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented weak demand for rough diamonds during the coronavirus crisis.
Pink and blue hearts score big for Sotheby’s
Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby’s in Hong Kong, fetching a combined $18.7 million.
