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While many of us continue to shelter in place, reading jewelry books is a logical and worthy quarantine pastime, one that can be done while wearing a bathrobe, lounging in the comfort of your bed, or sipping tea in your garden. An unplugged activity while we are (understandably) forced to get our kicks online.
Press release – ALROSA, the world’s largest diamond miner by volume, reports its April 2020 diamond sales.
Late last month, leaders of the gem and jewelry industry in India called on their members to pause rough diamond imports for 30 days, starting today, as the world continues to grapple with COVID-19.
Richemont posted a double-digit drop in fourth-quarter sales as the COVID-19 pandemic took its toll, but said better days may lie ahead as it notes strong demand at its reopened boutiques in China.
Sales of luxury goods will fall by 20% to 35% this year as the coronavirus-related slowdown is set to continue, Bain & Company predicted.
Lucapa Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.
De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.
MCH Group, organizer of the Baselworld watch and jewelry trade show, announced two developments concerning the 2020 and 2021 shows.
De Beers has paused the application process for its new sightholder contract due to the impact of COVID-19 on its clients’ business operations.
While all Tiffany & Co. stores in North America may be closed due to the global coronavirus pandemic, that doesn’t mean an end to new jewelry.
The diamond industry, from mine to retail, is facing new challenges that are rocking it to its core. Retail stores around the world are closed and that reverberated up the diamond pipeline, bringing wholesaling activity, jewelry manufacturing, diamond polishing, and diamond mining to a complete standstill.
De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company won’t require them to buy in the weak market.
