Miner calls for “reciprocal effort” to tackle imbalance of supply and demand.
Latest Rapaport supplement delves into environmental and sourcing issues facing the trade.
The largest rough producer’s new marketing initiative could be just what the industry needs.
This week’s picks from the world of jewelry include the missing ingredient in pink diamonds, along with the latest lab-grown stories.
Spotlight on Sustainability
Hiding unethical practices behind a veneer of sustainability is a serious issue in the luxury sector.
Association submits recommendations to Federal Trade Commission for “Green Guides.”
Purpose and profit: The costs of not embracing ethical practices are rising.
Responsible sourcing efforts must focus on leaving no one behind.
Miner tested out different cost options during trial of Lightbox engagement rings.
Limited-edition collection features mixture of synthetic and natural stones.
Miner brings back “A Diamond Is Forever” tagline.
Five defendants used businesses as front to transfer more than $600 million since 2019, says US Department of Justice.
The situation in the diamond markets is serious. The real diamond market is shrinking.
Market Comment - Sep. 21, 2023
Hong Kong show slow. Chinese buyers cautious in weak economy. Indian attendance low due to festivals and market slump.
G7 mulls ban on Russian diamonds. US sanctions Grib. Indian trade nervous as Ukraine govt. agency names SRK as “war sponsor”; company denies claim.
Alrosa cancels Sep. and Oct. sales to ease oversupply. De Beers keeps rough prices steady at Sep. sight, with secondary-market buyers bidding -20% on some boxes.
Petra FY revenue -42% to $325M, loss of $102M vs. profit of $88M last year.
Mastercard predicts holiday jewelry sales -0.3%.
Rapaport offices will be closed on Monday, Sep. 25, for the Yom Kippur holiday.
Rapaport “Trade Warning” webinar to be released next week.