Industry News

October 31, 2018

Insights by Avi Krawitz

Source-verification programs are poised to become a standard feature of diamond sales, with early adopters set to gain market share.

The question of whether a diamond could be traced throughout the distribution chain initially met with some skep...

October 31, 2018

Angolan ambassador to Belgium Georges Chikoty said there is a growing interest in diamonds produced in the southern African country by Belgian business people.


Belgium was home to the Antwerp Diamond Centre.


EIN News quoted the diplomat as saying that the demand would...

October 31, 2018

A blue diamond ring estimated at $9 million to $12 million will go under the hammer at Sotheby’s Geneva auction on November 15 alongside a roster of rare colored diamonds. 

The rectangular-cut, 5.04-carat, fancy-vivid-blue piece is one of three blue diamonds set to fe...

October 31, 2018

Bonhams’s jewelry sale in Hong Kong will spotlight a rare necklace featuring the largest collection of chameleon diamonds offered at auction, according to the company. 

The piece — which will lead the Rare Jewels and Jadeite sale on November 25 — includes nine diamond...

October 30, 2018

De Beers has signed up Alrosa to its blockchain pilot, bringing the world’s two largest diamond producers together for the source-verification project. 

“We believe tracing requires industry cooperation and complementation for the sake of a common goal,” Alrosa CEO Se...

October 30, 2018

Lucapa Diamond Company’s sales fell 49% year on year in the third quarter as the miner withheld a parcel of large stones until after Angola’s new marketing policy goes into effect. 

Revenue came to $4.5 million from two tenders during the three months ending September...

October 30, 2018

Petra Diamonds has appointed former De Beers executive Varda Shine as a non-executive director in line with a plan to refresh its leadership, the miner said Monday. 

Shine was CEO of the Diamond Trading Company — now De Beers Global Sightholder Sales — between 2006 an...

October 30, 2018

The Democratic Republic of Congo (DRC) has exported conflict-free artisanal gold to the US jewelry market for the first time, according to groups involved in the project. 

The metal from the South Kivu province has gone on sale at certain Signet Jewelers retail chains...

October 29, 2018

Production at the Gahcho Kué mine was flat in the third quarter as higher grades offset the impact of a planned closure. 

Ore from the asset yielded 2.4 carats of rough diamonds per tonne — an 8% increase versus a year ago. Total output was therefore stable at 1.8 mil...

October 29, 2018

Richemont has partnered with Alibaba Group to improve Chinese consumers’ access to the Swiss retailer’s luxury platforms. 

Alibaba will provide the technology and infrastructure to help Richemont sell to the Chinese market through its e-commerce sites, Net-a-Porter an...

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