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Updated: 2 hours 49 minutes ago

Baselworld Organizers Unveil its Successor - HourUniverse

Wed, 29/07/2020 - 06:00
The company behind Baselworld, the iconic but ill-fated trade show, has announced details of its successor - a new watch and jewelry event called HourUniverse. It will take place in Basel, Switzerland....

Ambassadors Promote Natural Color Diamonds

Wed, 29/07/2020 - 04:00
The Natural Color Diamond Association has appointed ambassadors to promote what it describes as the rarest and most beautiful of all stones. They've been tasked with...

Leading Diamond Companies Take Carbon Neutral Pledge

Wed, 29/07/2020 - 01:00
Nine leading companies have announced their commitment to create a completely sustainable and responsible midstream diamond pipeline. They will develop "concrete road maps" ...

Bank's Lifeline to Diamond Dealers

Tue, 28/07/2020 - 07:00
Veteran diamantaire Edi Faltz is offering a lifeline to those in the industry who have been shunned by traditional banks. He says he is aware of the plight of many diamond dealers....

Diamond Dealer Accused of $170,000 Fraud

Tue, 28/07/2020 - 06:00
A New York diamond dealer is accused of defrauding two investors out of $170,000 in a get-rich-quick scheme. Brian L. Schumacher, 55, former head of Rochester-based Integra Diamonds...

Climate Change Threat to Alrosa

Tue, 28/07/2020 - 05:00
Climate change is threatening Russia's diamond trade, says a new report by the investment banking company Morgan Stanley. Ninety per cent of the country's diamond reserves...

Coronavirus: Swarovski Axes 1,600 Jobs

Tue, 28/07/2020 - 04:00
Swarovski is to axe around 1,600 jobs as it battles tough competition and COVID-19 losses. The family-owned Austrian business empire, known for its crystal jewelry and swan logo....

116-carat Diamond Pendant Necklace Could Fetch $7m in First "Live" Auction

Mon, 27/07/2020 - 11:00
Christie's first "live" auction in New York since coronavirus will feature a pendant necklace with a 116-carat diamond and a high estimate of $7m. The central diamond is a pear brilliant-cut diamond...

Grading Reports by Artificial Intelligence

Mon, 27/07/2020 - 10:00
GIA is using advanced artificial intelligence (AI) to evaluate diamonds "like never before". The US-based diamond identification and grading authority...

De Beers to Rethink Everything - Including Sights

Sun, 26/07/2020 - 10:00
De Beers is embarking on a huge modernization program that will affect all aspects of the business, CEO Bruce Cleaver said in a letter to staff. The move, in response to the COVID-19 pandemic...

Coronavirus: Petra Sales Plunge by 36 per cent

Sun, 26/07/2020 - 09:00
Troubled Petra Diamonds has blamed the coronavirus pandemic for a 36 per cent drop in sales. The UK-listed miner is currently seeking a buyer as it faces mounting debts....

Specialty Jewelry Sales "back on track" after April's Crash

Sun, 26/07/2020 - 04:00
It's a sign of the remarkable times we're living through that a monthly drop in watch and jewelry sales of "only" 29.9 per cent sounds like good news. The year-on-year figure for May....

Botswana Must Not Produce or Sell Synthetic Diamonds

Thu, 23/07/2020 - 09:00
Botswana must avoid all involvement with "synthetic diamonds" to protect its most valuable natural resource, said a government minister. Mmetla Masire told a parliamentary committee that engaging....

Jewelers for Children Aims to Notch up 6m Steps for Charity

Thu, 23/07/2020 - 07:00
The charity Jewelers for Children is holding a virtual version of its annual Rings of Strength event to support kids in need. Organizers hope participants will notch up a total of 6,000,000 steps....

Alrosa Relaxes Terms for Buyers

Thu, 23/07/2020 - 00:00
Alrosa says it will offer buyers "unprecedented" flexibility by halving their accumulated obligations to buy its diamonds. The company has been allowing increased deferrals since April...

Alrosa Relaxes Terms for Buyers

Thu, 23/07/2020 - 00:00
Alrosa says it will offer buyers "unprecedented" flexibility by halving their accumulated obligations to buy its diamonds. The company has been allowing increased deferrals since April...

Alrosa Launches $12m Exploration in Zimbabwe

Wed, 22/07/2020 - 10:00
Alrosa is investing £12m seeking out new diamond reserves in Zimbabwe. The Russian state miner announced a joint venture in December 2018 with the....

Lucky Laborer Unearths 10.69-carat Diamond

Wed, 22/07/2020 - 08:00
An Indian laborer who leased a tiny square of land to dig for diamonds has unearthed a 10.69 carat stone valued at $67,000. Anandilal Kushwaha, 35, paid just $2.70 for the six-month rights...

Fraud-Busting iPhone App Identifies Diamonds

Wed, 22/07/2020 - 05:00
A pioneering new app uses facial recognition-type technology to positively identify diamonds and combat fraud. It allows anyone in the jewelry industry with  an iPhone or iPad and a $50 outlay....

Fugitive Choksi Now Accused of Lab-Grown Fraud

Tue, 21/07/2020 - 11:00
Fugitive Indian jeweler Mehul Choksi is facing new charges, that he sold lab-grown diamonds, claiming they were mined. He is already a key suspect, along with his nephew Nirav Modi...

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