Natural Diamond Prices Starting to Rise, says De Beers CEO
September 22, 26
De Beers Group CEO Al Cook says natural diamond prices have stabilized and are now beginning to rise, as demand increases in key markets and global supply falls. He made the comments in an interview with China Global Television Network (CGTN) ... Read More...
Brigitte Bardot's Wedding Bracelet Sells for $65,000
September 22, 26A gold charm bracelet worn by Brigitte Bardot at her wedding to her second husband, actor Jacques Charrier, sold for EUR 56,932 ($65,400) yesterday, September 21, at a Paris auction of the French film star's personal belongings.... Read More...
SCS Abandons Diamond Sustainability Certification
September 21, 26A company that certified sustainably produced diamonds and colored gemstones for seven years has abandoned the program. SCS Global Services said the market had failed to develop the conditions needed to support the voluntary scheme at scale.... Read More...
US Jewelers Seek Exemptions as Trump Threatens 100% Tariffs
September 20, 26Jewelers of America (JA) stepped up its lobbying in Washington last week for tariff exemptions for diamonds, as the US threatened an unprecedented new round of tariffs. Newly enacted legislation gives the president authority to impose tariffs of up to 100%... Read More...
Botswana says Natural Diamond Recovery Need a Stable De Beers
September 20, 26Botswana vice president Ndaba Gaolathe says the recovery of the natural diamond market depends to a large extent on a stable relationship between his country and De Beers, in which it currently holds a 15% stake. He also said uncertainty over ... Read More...
Memo by John Jeffay
September 17Life is full of contradictions, and the truth is often more nuanced than the headlines suggest. Two lab grown developments reported in recent days appear to point in opposite directions. The first was in India, where home minister Amit Shah said the market... Read More...