Calls for 500,000 diamond Workers to walk out in Surat
More than 500,000 diamond workers are threatening strike action in Surat, India, to demand an end to “unfair” taxation.
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Tiffany appoints new chief gemologist
Tiffany and Co. veteran Victoria Wirth Reynolds will become the company’s first female chief gemologist, it said Tuesday 3rd March.
Can the Indian diamond industry survive the current crisis?
The Indian diamond industry is facing an uncertain future with multiple challenges to tackle simultaneously. When diamond mining major De Beers reported the sale of $545 mln worth of rough diamonds in the first sales cycle of this year after a difficult 2019, it was an indication that the industry is on a recovery path.
De Beers reveals overhaul of sight system
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.
Royal Asscher President retires
Edward Asscher has retired as president of Royal Asscher, marking his 50th anniversary with the family-run jeweler. His daughter, Lita Asscher and son, Mike Asscher, will take his place as copresidents of the company.
Lucara found 31 diamonds over 100 carats last year
Sales climbed 9 percent in 2019 for Lucara Diamond Corp. and it again recovered more than 30 stones weighing more than 100 carats from its Karowe mine in Botswana.
Baselworld canceled due to coronavirus
Baselworld has called off this year’s fair after Swiss authorities banned large-scale events because of the coronavirus.
US retail to grow in 2020, NRF predicts
US retail sales will grow 3.5% to 4.1% this year, despite trade tensions and the spreading coronavirus epidemic, according to the National Retail Federation (NRF).
De Beers lets sightholders defer Chinese goods
De Beers has allowed clients to forgo buying certain rough diamonds at the week’s of 24 February sight, as the coronavirus outbreak has raised concerns about a polished glut.
Don’t wait for someone else to buy you jewelry
Women are being urged to treat themselves to a piece of jewelry.
ALROSA meets with clients ahead of March trading session
Press release – ALROSA met in Antwerp with its long-term clients and representatives of the Antwerp World Diamond Center (AWDC) to discuss the current market situation and potential scenarios, as well as the needs of rough diamond buyers – the key issue for whom was to receive assurances of purchasing flexibility.
Activist Livia Firth Documents ‘The Diamonds of Botswana’
One well-known sustainability champion recently visited the diamond communities in Botswana and documented her journey.
