July 23, 2020 /
WFDB On-line Trading Platform Takes Industry by Storm
Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world’s largest B2B diamond digital marketplace. Today the number of diamonds listed is over 1,200,000,…
October 17, 2019 /
Lightbox Rolls Out to Bloomingdale’s, Reeds Jewelers
New York—Lightbox, the lab-grown diamond brand launched by De Beers last year, will now be available in select Bloomingdale’s and Reeds Jewelers, the company announced Thursday. This is the brand’s first foray into brick-and-mortar locations, beginning its rollout in the Bloomingdale’s New York City flagship and…
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Gold Price Expected to Continue to Climb in 2020
New York—Gold is expected to average more than $1,400/oz. next year, up from $1,360 this year, a recent Reuters poll shows. Reuters publishes a precious metals price poll every quarter, combining predictions from two dozen or more analysts. In the latest poll, done at the…
April 5, 2019 /
How GIA Is Changing Its Reports for Lab-Grown Diamonds
GIA will discontinue its Synthetic Diamond Grading Report in July, replacing it with the Laboratory-Grown Diamond Report, which will no longer have the word “synthetic” anywhere but will include the standard color, clarity and cut grading scales.
March 15, 2019 /
Letšeng Pink Sells for Almost $9M
Gem Diamonds has announced the sale of a 13.33-carat pink diamond, discovered in February at its mine in Lesotho, for $8.8 million. The tender sale, which took place in Antwerp, represents a record per-carat price of $656,933 for the company, it said Thursday. The result…
September 14, 2018 /
Diamond Jewelry Sales Hit Record $82B in 2017 Boosted by Millennials and Gen Z
The Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewelry sales in 2017, as diamond jewelry demand reached a new record high of US$82 billion, according to data published today by De Beers Group in its latest Diamond Insight Report. “Millennials,…
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TAG Heuer Releases $180,000 Smartwatch, World’s Most Expensive
In 2015, Apple caused a stir when it released its smartwatch in an 18k gold edition for $17,000. Now, TAG Heuer has topped that—by 10 times. Its newest creation, the TAG Heuer Connected Modular 45, comes with a white 18 k gold case and is bathed in 589 baguette-cut diamonds,…
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In India, a Father’s Legacy Becomes a Jewelry Museum
JAIPUR, India — In 2009, the brothers Suresh and Arun Dhaddha decided that it was finally time to go through the belongings of their father, Gyan Chand Dhaddha, who had died five years before at the age of 64. They knew that the jeweler and…
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High-Value Rough Demand Boosts Alrosa Revenue
Alrosa’s sales climbed 14% to $294.9 million in August due to strong demand for higher-value rough diamonds, the miner reported. “Despite [the] traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before,” Yury Okoemov, Alrosa’s deputy CEO…