Government Rescue Plan for South Africa's Diamond Industry
October 29, 26
South Africa has established a government-industry task team to identify measures to help struggling diamond producers, as falling rough-diamond prices, competition from lab growns and global inflation threaten mines and jobs. The intervention comes ... Read More...
Historic 197-ct Romanov Sapphire Could Fetch $2.1m
October 29, 26A 197.80-carat sapphire once worn by Russia's Dowager Empress Maria Feodorovna and documented among the Russian Crown Jewels is expected to sell for up to CHF 1.7 million ($2.1 million) at Sotheby's Geneva auction of royal and aristocratic jewels... Read More...
888.88-ct Black Diamond Unveiled in Dubai
October 28, 26An 888.88-carat fancy black diamond, fashioned from a 1,138-carat rough stone, has been unveiled, for the first time, in Dubai. The diamond, named Infinity, was presented by Antwerp-based Diamond Trading NV at the Dubai Diamond Conference on... Read More...
Natural Diamond Industry at 'Defining Moment,' says DMCC Chairman
October 27, 26The natural diamond industry is at a "defining moment", according to DMCC executive chairman Ahmed Bin Sulayem. He called for coordinated action to restore consumer confidence, create new sources of value and address pressures extending well beyond ... Read More...
Lab Growns Drive 73% of IGI Certification Revenue Growth
October 27, 26Lab grown diamonds accounted for nearly three-quarters of International Gemological Institute's (IGI) certification revenue growth in the second quarter (to September 30), highlighting the company's growing reliance on the segment. Certification revenue from ... Read More...
Memo by John Jeffay
October 29The Swiss watch industry was devastated by quartz technology in the 1970s. Exports halved in a decade as Seiko, Citizen, Casio, Timex and other brands flooded the market with mass-produced watches that did essentially the same job. They told the time. But that ... Read More...