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Updated: 2 hours 17 minutes ago

JCK Announces Virtual Trade Show

Sun, 14/06/2020 - 09:00
JCK, the biggest jewelry show in North America, is going online and Indian manufacturer Dharmanandan Diamonds has announced a virtual trade event - both in response to the COVID-19 pandemic.

Surat Factories Fined for COVD-19 Breaches

Sun, 14/06/2020 - 06:00
Three diamond factories in Surat, India, have been fined for breaching COVID-19 rules. Workers were not wearing masks or keeping a social distance...

COVID-19 Case Closes Ramat Gan Trading Halls

Fri, 12/06/2020 - 03:00
The Israel Diamond Exchange (IDE) was forced to close its trading halls after a trader was found to have coronavirus. They were shut on Tuesday...

Dream Honeymoon Prize for Lockdown Couple

Fri, 12/06/2020 - 03:00
A lucky couple who tied the knot or popped the question during coronavirus lockdown will win a $5,000 dream honeymoon. Video of contestants' proposal or wedding ceremony....

Face Masks Help Kids in Need

Thu, 11/06/2020 - 04:00
Face masks are being sold online to raise funds for Jewelers for Children. New York-based jewelry companies SDC Designs and SHR Jewelry Group...

Coronavirus: De Beers Sight 5 Nets $35m

Wed, 10/06/2020 - 14:00
De Beers reportedly sold just $35m of rough diamonds at it May Sight, with demand decimated by coronavirus. The equivalent sale last year brought in $416m.

Coronavirus: Alrosa Sells $40m of Diamonds in May

Wed, 10/06/2020 - 08:49
Alrosa's rough and polished sales showed some signs of recovery in May, after a disastrous April. They were, however, a mere fraction of its pre-COVID-19 figures.

Coronavirus: Signet to Close One in 10 Stores

Wed, 10/06/2020 - 08:00
Signet, the world's largest retailer of diamond jewelry is to close more than one in 10 of its 3,200 stores after reporting Q1 total operating losses of $291m....

Statue of De Beers Founder Must Come Down, say Protestors

Wed, 10/06/2020 - 05:00
Thousands of British protestors have taken to the streets demanding the removal of a statue honoring Cecil Rhodes, founder of the De Beers ....

Angola to Establish Diamond Hub and Bourse

Tue, 09/06/2020 - 14:00
Angola is to establish a national bourse and diamond hub as it seeks to consolidate its position as a player on the world market. It's currently the sixth biggest diamond producer....

Court Approves Seizure of Billionaire Modi's Assets

Tue, 09/06/2020 - 07:00
A court in India has approved the confiscation of assets owned by billionaire diamantaire Nirav Modi. It's the first time new powers to seize have been exercised...

COVID-19 Has Forced Prices Down 15 per cent, says BlueRock

Tue, 09/06/2020 - 07:00
British miner BlueRock says COVID-19 knocked 15 per cent off the price of diamonds sold from its Kareevlei mine, in South Africa. The company yesterday announced the private....

LVMH "Will Still Buy" Tiffany for $16.2bn

Mon, 08/06/2020 - 11:00
French luxury conglomerate LVMH is now expected to go ahead as planned with its $16.2bn acquisition of US jeweler Tiffany, after days of fevered speculation....

Edward Asscher to Head WDC Again

Mon, 08/06/2020 - 09:00
Edward Asscher has been elected to serve a second term as president of the World Diamond Council, leading the fight against "conflict diamonds". He will be succeeded after his two-year term by Feriel Zerouki...

Rough Sales Down 40 per cent, says Moody's

Mon, 08/06/2020 - 08:00
The COVID-19 pandemic could see sales of rough diamonds globally fall by as much as 40 per cent. Lockdown measures have badly hit all stages...

Big Five Could Soon be Sitting on Four Months' Supply of Diamonds

Sun, 07/06/2020 - 10:00
The five biggest diamond producers have excess inventories valued at an estimated $3.5bn. And that figure could rise to $4.5bn  - four months' worth of annual rough-diamond production...

Alrosa's Profits Plunge by 87 per cent

Sun, 07/06/2020 - 09:00
Alrosa blamed a Q1 plunge in profits of 87 per cent on revaluation of its foreign currency debt, and, to a lesser extent, COVID-19. The Russian state-owned miner reported a good start to the year and said prices were recovering....

Jewelers' Fund to Help Victims of Looting

Sun, 07/06/2020 - 05:00
A $25,000 fund has been launched to help independent jewelers who have been victims of looting in the USA. The appeal is being jointly run by the trade associations Jewelers of America....

Polished Prices for May up 0.6 per cent, Biggest Monthly Rise for Two Years

Sun, 07/06/2020 - 01:00
Polished month-to-month diamond prices for May showed a marked increase of 0.6 per cent, the most significant rise since December 2018. For almost two years there has been....

BlueRock Reports Record Output after Lockdown

Thu, 04/06/2020 - 11:00
British miner BlueRock reports record output since it re-opened Kareevlei, in South Africa, after COVID-19 restrictions were eased. Production has been averaging....

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