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IDEX Price Report: Polished Prices Mostly Flat in March, Some One-Carat Rounds Up

Tue, 31/03/2020 - 19:01
Prices for March followed a similar pattern to recent months, with no movement at all in the majority of carat, color and clarity categories and a mix of fluctuations in those which did see change....

Petra's Tender Prices Slump by a Quarter amid "Depressed and Opportunistic" Bidding

Tue, 31/03/2020 - 05:44
Petra saw rough prices slump by almost a quarter at tenders in South Africa and Antwerp earlier this month, as demand evaporated. Bidding, especially for larger stones was "severely depressed...

Diamond Face Masks Could Kill Coronavirus

Tue, 31/03/2020 - 04:59
Tiny diamond particles could be used in a new generation of virus-killing face masks. Researchers believe a coating of salt crystals and nano-diamonds will actually destroy viruses..

Coornavirus: De Beers Forced to Cancel Sight 3

Tue, 31/03/2020 - 04:00
De Beers has canceled its third Sight of the year and is allowing buyers to defer 100 per cent of their purchases. The move was announced yesterday...

Overall Increase in US Jewelry and Watch Sales Slows

Sun, 29/03/2020 - 19:00
(IDEX Online) - The increase in the overall sale of jewelry and watches at all US outlets slowed slightly in January, compared to the same month in 2018.

Sales at Signet Beat Expectations, but Coronavirus Forces Cost Cutting

Sun, 29/03/2020 - 10:40
Signet, the world's largest retailer of diamond jewelry, reported an improved performance for the last quarter of 2020, but will be borrowing $900m as it faces the uncertainty of coronavirus....

Union Threatens Grievance over Closure of Ekati Diamond Mine

Sat, 28/03/2020 - 19:00
Union bosses are threatening to file a grievance against the owners of Canada's Ekati Diamond Mine after it was closed last week. Calgary-based Dominion Diamond Mines, said the move was aimed at reducing travel...

Coronavirus: US Jewelry Trade Urges Trump to Help

Thu, 26/03/2020 - 06:18
Jewelry trade organizations are among 90 US groups urging President Trump to help businesses threatened by the coronavirus The signatories include Jewelers of America, Jewelers Vigilance Committee...

Coronavirus: Alrosa Auctioning Larger Diamonds Online

Thu, 26/03/2020 - 06:00
Russian miner Alrosa is auctioning its large diamonds online, with digital scans of each stone, in response to the coronavirus pandemic. Special size auctions of all diamonds weighing over 10.8 carats...

Mountain Province Reports $90m Loss Despite "Exceptional Year of Production"

Wed, 25/03/2020 - 12:19
Canadian miner Mountain Province has reported further losses - CAD128.8m ($89.9m), as demand dropped. The 2019 figure was well down on the CAD18.9m loss ($13.2m) for 2018

Coronavirus: Former De Beers Boss Donates $58m to Businesses in South Africa

Wed, 25/03/2020 - 04:19
Former De Beers diamond boss Nicky Oppenheimer has donated a billion rand - almost $58m - to help small businesses and their workers hit by the coronavirus pandemic in his native South Africa...

Coronavirus: Diavik Diamond Mine Still Open, Staff Working Four-Week Rosters

Wed, 25/03/2020 - 03:31
The Diavik Diamond Mine in Canada is maintaining full production despite the coronavirus pandemic. But it is restricting the frequency of travel by rostering staff to work four weeks on, four weeks off...

IDEX REAL PRICES: What exactly has happened since the start of March 2020?

Tue, 24/03/2020 - 09:02
The overall price of polished diamonds has dropped two per cent since 1 March, according to the IDEX Diamond Index. The most dramatic downward movement came last Thursday...

Tiffany Reports $4.4bn Profit and Looks to Future After Coronavirus

Mon, 23/03/2020 - 14:26
Tiffany has reported a $4.4 billion profit for last year, matching its record high in 2018. It said its focus now was on a return to normal after the coronavirus pandemic.

Coronavirus: Canada's Ekati Mine "Could Close For Four Months"

Mon, 23/03/2020 - 10:32
Canada's oldest diamond mine has been closed to prevent further spread of coronavirus. Some employees claim they've been told it could be four months...

Coronavirus: Signet Closes Stores in North American, But Not in UK

Mon, 23/03/2020 - 08:06
Signet, the world's largest retailer of diamond jewelry, is closing all its North American stores, but those in the UK will remain open. As the coronavirus pandemic spreads globally

A PERSONAL LETTER from IDEX MANAGEMENT

Sun, 22/03/2020 - 13:45
As the global pandemic changes life for everyone, we at IDEX are adjusting to the "new normal". It's time to take a bold and decisive action...

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