Customers prefer jewelry stores—But only safe ones
While most consumers still want to buy diamond jewelry at a physical store, they want to make sure that proper COVID-19 precautions are in place, according to new research from the De Beers Group.
The R&M “Lettre”
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ALROSA amends its trading sessions’ schedule
Press release – ALROSA decided to change dates for its trading sessions in July and August after having reviewed the current market situation.
U.S. retail market will be surpassed by China’s this year
A new study from market research firm eMarketer forecasts that China’s retail market will become the biggest in the world in 2020—surpassing the U.S. retail market, which has been the largest in the world for more than a century.
“La Lettre” New generation – Give us your opinion
Rubel & Ménasché is a company that is always on the move and trying to improve. Our “Lettre” follows the rule! We changed its layout and distribution a little at the start of 2020. But our reflection actually goes much further and we are now wondering about the form and the substance. And who better […]
This is how COVID-19 impacted jewelry sales
COVID-19 hit the world like a wild and destructive storm, harming lives and assets as it spread. The diamond and jewelry industry was not spared, and sales dropped significantly – how significantly was anyone’s guess until now. Following are the figures showing just how COVID-19 impacted sales, and how the tide is perhaps starting to […]
India extends import curbs as Surat shuts again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.
The company that owns the Cullinan mine is up for sale
Saddled with hundreds of millions of dollars in debt and facing a diamond market hobbled by COVID-19, miner Petra Diamonds has put itself up for sale.
29-Carat D-Color diamond breaks online auction record
The largest D-color diamond to be auctioned via the internet is now the most expensive jewel ever sold at an online-only auction.
Tiffany to donate $2M to communities affected by COVID-19
As Tiffany & Co. reopens stores around the world, it’s giving back to some of the most vulnerable communities impacted by the pandemic.
Buyers snub De Beers and Alrosa over high prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.
Eira Thomas confident Lucara can navigate crisis
The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs for 2020. However, Lucara Diamond Corp. appears cautiously confident that it has the balance sheet, the sales platform, and […]
Gem Diamonds recovers 163ct yellow diamond
Gem Diamonds has recovered a 163 carat yellow type 1 diamond at its Letšeng mine, in Lesotho.