Weddings are big business for the jewellery trade, with the bridal segment proving pivotal for many brands, retailers and manufacturers. Traditional engagement and wedding rings headline the product segment, but modern relationships and changing consumer preferences offer new opportunities for growth. As with all things millennial, personalisation is increasingly becoming an important factor in weddings […]

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Diamond mining giant De Beers sold a total of US$440 million worth of rough diamonds for the 9th sales cycle of 2018, the group said in a recent report. The figure, which included global Sightholder and auction sales, was lower than actual sales of US$482 million achieved in cycle 8 of 2018, and US$466 million […]

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Africa-focused Gem Diamonds (LON:GEMD) said Wednesday it’s on track to meet its long-term targets, as third-quarter production rose 27% in the three months to Sep. 30, when compared to the same period last year. The company, which has found over a dozen of huge precious rocks at its flagship Letšeng mine in Lesotho this year, […]

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Washington, D.C.—The Smithsonian has a special new stone in its National Gem Collection. The museum has acquired the 48.86-carat red “Whitney Flame Topaz,” which it says is one of the finest topaz in the world. The gem was privately owned for decades until the museum acquired it with the help of philanthropist Coralyn Wright Whitney […]

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Rio Tinto has opened a new open-pit pipe at its Diavik Diamond Mine in Canada in a bid to augment supply. The fourth diamond pipe, known as A21, will provide an important source of incremental supply over the next four years to sustain production levels at the Rio Tinto operated mine. The A21 pipe is […]

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Though global gold jewellery demand dipped by 2% to 510.3 tonnes (t) in the three-month period ended June 30, 2018, due to challenging conditions in a few markets, demand over the first half of 2018 remained virtually flat, declining from 1035.8t last year to 1031.2t this year, the World Gold Council said in its quarterly […]

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The world got a glimpse of the largest vivid pink diamond in the history of Rio Tinto’s Argyle Pink Diamonds Tender during a world exclusive preview in Sydney. The 3.14-carat emerald-cut diamond, known as The Argyle Alpha, is part of a dazzling line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle […]

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Scientists at Princeton University called on GIA’s expertise in gemmological research and the analysis of optical centres to evaluate how to use the unique properties of diamonds to create a highly secure communications network. The research, published in the July 6, 2018 issue of Science magazine, examined how colour centres created by replacing two carbon […]

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The diamond industry is going through tough times. Traders and dealers, who are already facing a financial slump, are now forced to wage a war against those who rampantly ‘mix’ synthetic lab-grown diamonds with natural diamonds. Traders from Surat and Mumbai stare at huge losses and bankruptcy even as the synthetic diamonds are peddled along […]

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ABN AMRO bank yesterday published an Insights article anchored by Georgette Boele, Senior Precious Metals & Diamond Analyst which analysed the launch by De Beers of a subsidiary Lightbox Jewellery; and its proposed plans to launch a jewellery brand under the same name. Describing the move as a “shock to the industry”, the bank went […]

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