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Botswana to Set Up G7 Verification Node for Diamonds |
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Discussions underway over additional rough certification points in Namibia and Angola.
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Diamond Trade Must Bite the Bullet on Marketing, Leaders Say |
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Industry has missed growth opportunities due to lack of spending, Antwerp conference hears.
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Alrosa to Reduce Production and Staff Amid Market Challenges |
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Weak demand and rough prices, together with sanctions, have sent Russian miner into “deep crisis,” it said.
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Gokhran Bails Out Alrosa with Purchase of Diamond Parcel |
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Miner will deliver the batch, which includes gem-quality rough in various colors and sizes, by end of year.
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AWDC Calls Out Belgium Bank for Releasing Incorrect Diamond Data |
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NBB report lists import and export figures more than three times lower than actual, organization says.
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Younger Shoppers Most Likely to Gift Jewelry for Holidays |
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Some 30% of 18- to 24-year-olds favor this category, according to NRF survey.
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Luk Fook Shutters 175 Shops as Slow Demand Persists |
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High gold prices weaken consumer sentiment, lead to revenue decrease of 27%.
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McKinsey Sees Huge Future Impact on Market from Lab-Grown |
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Falling prices could take them out of competition with natural, but could also turn sentiment against all diamonds.
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Gemfields Emerald Auction ‘Disappoints’ Amid Competition, Slow Demand |
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Higher-quality goods performed very well, while the miner held back other items.
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Lucapa Looks to Form Partnerships to Help Fund $16M Merlin Project |
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Two-phase operation set to yield up to 314,000 carats and revenue of $159.8 million.
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Phillips Shines Spotlight on 43ct. Yellow Diamond |
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Ring will lead auction house’s December 13 sale in New York, where it is expected to bring in up to $850,000.
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Macy’s Delays Results Amid Investigation into Employee ‘Hiding’ $154M |
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Individual intentionally made erroneous accounting entries for delivery expenses.
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