The diamond industry must re-invent its supply chain and move on from traditional Sights and tenders in favor of new technology, says Lucara boss Eira Thomas. The COVID-19 pandemic and resulting travel bans have highlighted the need for paradigm shift, she argues in an open letter release yesterday. “We can no longer harken back to […]

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An Indian man said he paid about US$4,000 for a bespoke gold face mask to protect him from the coronavirus raging in the country. The precious metal covering weighs 60 grammes (two ounces) and took craftsmen eight days to make, said businessman Shankar Kurhade, from the western city of Pune. “It is a thin mask […]

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The price of gold, which has already increased significantly during 2020, hit new seven-year highs this week surging past US$ 1,773 per ounce. The move was a reaction to what was believed to be the second wave of coronavirus infections in different countries, the fear of fresh restrictions on economic activity, and possible fresh stimulus […]

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Three major diamond factories in Surat were ordered to close yesterday for at least 10 days, after a total of 22 of their employees tested positive for coronavirus. Municipal authorities fear packets of rough diamonds may have been the source of the infection and are urging owners to have them sanitized before they are given […]

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The National Association of Jewellers has detailed plans for its 2020 AGM amid the coronavirus crisis. The Association is calling on trade support to conduct the AGM in line with current lockdown measures. The NAJ writes to its members: “The usual networking event with a guest speaker is not appropriate in the current social distancing […]

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A father and son duo are preparing to open a brand new jewellery store in Hadleigh when lockdown measures are eased. While many fear retail businesses may be forced to close in the aftermath of the global pandemic, Steve Harrow and his son, George, are gearing up for a summer opening of their new store, […]

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Lucara says its sale of large stones from the Karowe mine, in Botswana, may not take place next month as planned. The quarterly tender in Gabarone in May is under threat from COVID-19 and may be replaced by sales in Antwerp, the Canadian miner said. Most of Lucara’s revenue comes from the sale of stones […]

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Tiny diamond particles could be used in a new generation of virus-killing face masks. Researchers believe a coating of salt crystals and nano-diamonds will actually destroy viruses and micro organisms, rather than simply filtering them out. Master Dynamic Limited (MD), a leading Hong Kong material analysis and nanotechnology company is developing the ant-viral mask as […]

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Signet Jewelers ended its 2020 fiscal year with a strong holiday season and fourth quarter, but the UK continued to see a decline in sales. For the fourth quarter, same-store sales were down by 3.1% in the United Kingdom, where Signet owns high street chains H Samuel and Ernest Jones. For the full-year, same-store sales […]

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