De Beers and Signet Jewelers have unveiled a new marketing campaign, “Worth the Wait”, aimed at reintroducing the allure of natural diamonds to modern couples. The campaign focuses on the evolving dynamics of relationships and the unique journey that natural diamonds take, symbolising the enduring nature of love. Targeted at “Zillennials”, a demographic of young […]
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]]>Membership of the Israel Diamond Exchange (IDE) is shrinking for the first time since it was founded in 1937. The vast complex of four interconnected towers in Ramat Gan has around 3,200 members. But the number who die or retire now outweighs those joining, according to IDE president Nissim Zuaretz. “In the good years of […]
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]]>A 208-carat diamond was found in the Lulo mine, located in the province of Lunda Norte. According to the company Lucapa Diamond Company, this is the third largest diamond to be recovered in that mine since mining operations began. In a statement, to which VerAngola had access, the company informs that the most recent discovery […]
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]]>India’s polished diamond exports could fall by as much as 35 per cent this financial year, the ratings agency Crisil, to $14bn to $15bn. It blames weak consumer demand in the US, EU and China (which together account for 75 per cent of foreign sales), rough supplies disrupted by the war in Ukraine and the […]
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]]>Mexican rapper Peso Pluma is wearing his diamonds on his teeth. The 24-year-old, who shot to fame with his first single on TikTok last February, has spent $50,000 on custom-made grills made of 10-karat gold and encrusted with 200 diamonds and six red hearts. The removable accessories were designed by celebrity jeweler Braggao, who posted […]
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]]>India suffered yet another decline in gross exports of polished diamonds in May, but it was less severe than in recent months. Foreign sales amounted to $1.72bn, down 17.5 per cent on the previous month, according to new figures from GJEPC (Gem and Jewellery Export Promotion Council). In April the year-on-year dollar decline was 38.9 […]
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]]>A lab grown company in Ukraine has produced “unique” two-colored diamonds – in the blue and yellow of the country’s flag. Meylor Global grew the diamonds using the High Pressure High Temperature (HPHT) method, by incorporating nitrogen and boron as metal catalysts. “Precise color zoning is the result of years of research and experiments where […]
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]]>Petra reported sharp drops in both revenue and prices at its May tender, and said it held back parcels of over 75,000 carats because of weak demand. The UK-based miner is currently operating only two of its four mines. The Williamson deposit, in Tanzania, remains out of action after the breach of a tailings dam […]
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]]>An estimated 20,000 diamond workers have lost their jobs in Surat, India, in the last month, as global demand slumps, according to a report in Economic Times. Most of the city’s 4,000 manufacturing units are said to working at just 60 to 70 per cent capacity, according to Damji Mavani, the secretary of Surat Diamond […]
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]]>A villager collecting firewood in India stumbled on a 4.39-carat rough diamond valued at $25,000. Genda Bai, 45, was working in forest in Purusottampur, in the central state of Madhya Pradesh, when she made the find. It’s an area where informal diggers routinely pay for the right to dig a small patch of land in […]
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