Dubai Creates Dedicated Lab-Grown Division
September 02, 26
Dubai Multi Commodities Centre (DMCC) says it has established a dedicated lab-grown diamond division, as trade in the stones almost doubled last year to a record 76.9 million carats. It marks the formal and institutional separation of lab-grown and ... Read More...
Natural Prices Down 20-30% from Pandemic Highs, says De Beers
September 02, 26Natural diamond prices have fallen 20-30% from their post-pandemic highs but are now stabilizing, according to Paul Rowley, executive vice president of diamond trading at De Beers. Larger stones above two carats are rising significantly, he said... Read More...
US Customs Seize $3.7m "Smorgasbord" of Counterfeit Jewelry
September 01, 26U.S. Customs and Border Protection (CBP) officers seized what they described as a "smorgasbord of counterfeit jewelry" with an estimated retail value of more than $3.7 million had the items been genuine. The 875 items - as well as five designer ... Read More...
15-ct Fancy Yellow Diamond to Star in Money Launder Auction
September 01, 26A 15.02-carat fancy yellow diamond ring is among more than 1,000 luxury items being auctioned in Singapore as part of the disposal of assets forfeited in a S$3 billion ($2.4 billion) money-laundering case. The cushion modified-cut fancy yellow diamond ... Read More...
Forevermark Targets 100 India Stores in Four Years
August 31, 26Forevermark, the diamond jewelry brand owned by De Beers, plans to open 100 showrooms across India within four years, aiming for annual revenue of 1,000 crore rupees ($120 million). "India is an extremely important market for Forevermark, and that is... Read More...
Memo by John Jeffay
August 28We've all read about lab grown diamonds being passed off as natural stones, being cut as an exact match, with the same inclusions and even bearing what appears to be a genuine inscription. So much for polished stones. Now it seems bad actors are trying it ... Read More...