Bright spots, challenges abound in gem and jewellery sector
Industry leaders are upbeat about prospects in the gemstone and jewellery business amid challenges arising from an evolving retail landscape and the rise of lab-grown diamonds.
New challenges will create great opportunities, according to speakers...
Gahcho Kué Mine Surpasses Yearly Target, Produces 5 Million Carats by October 2017
The Gahcho Kué Mine in Canada, the latest diamond mine in the world to go on stream, has produced more than five million carats in the first 10 months of 2017, surpassing the 4.5...
As expected, De Beers reports decline in performance for second quarter
The De Beers Group released its production results for the second quarter earlier this month, reporting that its rough diamond production was down 14 percent to 7,7 million carats recovered. Mine closures, lower grades...
ALROSA’s Total Diamond Sales For 2017 Almost Touch US$ 4.3 billion
ALROSA Group’s total diamond sales for December 2017 amounted to US$ 237.8 million. Of this revenue for rough diamonds amounted to US$ 228.3 million; while sales for polished diamond stood at US$ 9.5...
CIBJO’s Coloured Stone Commission Seeks to Develop Sector-Specific Standards on Responsible Practices
The coloured gemstone sector of the gem and jewellery industry is seeking to develop a framework that defines standards of responsible practices that producers and manufacturers should strive to achieve, the CIBJO Coloured Stone...
Gold jewellery demand stabilises in the UK during Q1
UK gold jewellery demand began to stabilise during the first quarter of the year, reveals the World Gold Council (WGC) in its Gold Demand Trends Q1 2018 report.
While gold jewellery demand showed little change...
WFDB Announces 2018 World Diamond Congress to be Held in in Mumbai in October
The World Federation of Diamond Bourses (WFDB)
has announced that the 2018 World Diamond Congress, the biannual meeting of the
WFDB and the International Diamond Manufacturers Association (IDMA), will take place
in Mumbai, India, during the...
Rio Tinto sees rosy future for diamonds despite end of Argyle
Demand and prices for the wider market have fallen as concerns mount about the world economy, and laboratory-grown gems have added to supply.
Colored or particularly large diamonds, however, have held value, especially pink diamonds,...
Rare Blue Diamond Steals the Show at Sotheby’s Geneva Auction; Sets New Price Record...
Sotheby’s Geneva made headlines once again with its spectacular Magnificent Jewels and Noble Jewels auction, achieving its best performance in five years. The star of the show was the highly anticipated Bulgari Laguna Blu,...
Diamond Producers Association names new CEO
The Diamond Producers Association (DPA) has announced that Jean-Marc Lieberherr will be stepping down from his role as chief executive officer at the end of his current contract period on December 31 2019.
His replacement...
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