Industry News

November 29, 2018

Lightbox, the De Beers Group laboratory-grown diamond jewelry company, kicked off Cyber Week with the opening of its first pop-up store at The Oculus, Westfield World Trade Center on Monday.

Lightbox General Manager Steve Coe and Head of Marketing Sally Morrison were jo...

November 29, 2018

Cards Against Humanity, famed for its politically incorrect party games, sold a lab-grown-diamond engagement ring for 99% off on Black Friday — but insisted it wasn’t about to make a splash in the synthetics sector.

The 1.5-carat stone from Brilliant Earth went for $3...

November 29, 2018

Customers will soon be able to pay in Bitcoin at eight Birks Group stores in Canada, the retailer said. 

The jeweler claims to be the first luxury retailer in Canada to accept the cryptocurrency. The service will be available at the end of November in select locations...

November 28, 2018

Production at the Gahcho Kué mine is likely to exceed expectations for 2018 before increasing steadily over the next three years, according to part owner Mountain Province.

The company is confident total output at the Canada asset will be above its upper forecast of 6...

November 28, 2018

Zimbabwe does not plan to change its ownership rules for diamonds, its mining minister said on Monday, hitting hopes among some investors of a more friendly approach.

The country's indigenization law states that the government must hold 51% of diamond and platinum mines...

November 28, 2018

The holiday sales season in the United States got off to a record-breaking start, according to figures for Black Friday and Cyber Monday sales.

A record $6.22 billion was spent on Black Friday, reported Adobe Analytics, which tracks sales at 80 of the top US 100 retaile...

November 28, 2018

ALROSA held an auction of polished diamonds in Israel from November 4-13, with companies from Israel, the US, Belgium, Hong Kong, India and Russia were among the participants.

The company presented colorless polished diamonds ranging in size from 5 carats, fancy colored...

November 27, 2018

Botswana and Russia, the two leading diamond producers in the world, are in a “tug of war” over the leadership of the Kimberley Process (KP), according to Mmegi’s BusinessWeek.  

  
Compromise talks between the two countries ahead of the KP plenary recently he...

November 27, 2018

Botswana and De Beers are set to negotiate a new sales agreement, which is set to replace the current agreement that will come to an end in 2020.


IdexOnline cited an unnamed industry source as saying that Gaborone wants to boost its share of independently marketed and...

November 27, 2018

The project to restore the Mir diamond mine will appear in ALROSA’s strategy and investment program, but the company does not plan to invest in this project in 2019. Sergey Ivanov, CEO of the diamond mining company said this in an interview with the RBC TV Channel.


“So...

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