Market Report

Tuesday,16 October 2018 12:14One Comment

Diamond market quiet over Jewish holidays and Hong Kong Moon festival. Mixed expectations for Oct. 1 Golden Week, as consumer sentiment reflects impact of US-China trade war and yuan currency depreciation (-9.5% since April 1 to $1/CNY 6.88). India remains slow, particularly for low-value, small diamonds. Steady demand for 0.30 to 1 ct., D-J, SI, […]

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Petra Boss Steps Down Amid $203M Loss

Monday,24 September 2018 06:120 Comments

Petra Diamonds CEO Johan Dippenaar will leave the company after it recorded a huge loss during the fiscal year, it said Monday.   The company reported a net loss of $203.1 million for the period ending June 30, as opposed to a profit of $20.7 million the year before. This was due to the combination […]

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GIA promises $2M in Scholarships

Thursday,09 August 2018 09:270 Comments

  The Gemological Institute of America (GIA) is offering $2 million in scholarships for 2019 to established and aspiring professionals.   The grants are available to students interested in registering for the institute’s gemology and jewelry manufacturing-arts programs, distance-education courses and lab classes. Successful applicants will be able to use the scholarships at the GIA’s […]

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Petra Sells Kimberley Mine for $22M

Wednesday,11 July 2018 11:100 Comments

Petra Diamonds will offload its majority stake in the Kimberley mine, claiming the deal will ensure a sustainable future for the project and help the company focus on its core assets.   Ekapa Mining has agreed to buy Petra’s 76% interest in the South Africa deposit for $22 million (ZAR 300 million), Petra said Thursday. […]

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Synthetic Diamonds?

Thursday,24 May 2018 03:280 Comments

Some 68% of Americans don’t consider synthetics to be real diamonds, with most citing the fact that they don’t come from the earth, a Diamond Producers Association (DPA) poll showed.   Another 16% of those surveyed said they weren’t sure if a diamond created in a factory was real, while the remaining 16% believed they […]

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Alrosa Sees Spike in Sales

Thursday,15 February 2018 06:260 Comments

Alrosa’s sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment.   “We have seen good demand for the whole assortment of our diamond products,” Yury Okoemov, deputy CEO of Alrosa, said Monday. “[Demand was] supported by positive trends in the major sales markets, backed by good retail sales […]

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GJEPC Predicts Strong Year for Jewelry

Thursday,15 February 2018 06:250 Comments

India’s gem and jewelry exports will grow by a double-digit percentage this year, Pramod Agrawal, the newly elected chairman of the Gem & Jewellery Export Promotion Council (GJEPC), predicted this week.   The high quality of Indian manufacturing and a recovery in US and European markets will drive the growth, Agrawal explained at the Signature […]

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GIA Surat and Antwerp

Saturday,13 January 2018 03:300 Comments

The Gemological Institute of America (GIA) will this year open a laboratory in Surat, and expand its operations in Antwerp to include diamond grading.     The GIA has secured premises for the two locations, and expects to open both in the second quarter, it said Monday.   The Surat laboratory will bring the GIA’s […]

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Red Diamonds

Friday,10 November 2017 03:097 Comments

One of the most remarkable things about diamonds is that they exist in nearly every shade of the rainbow. While colored diamonds are an unusual natural occurrence as a whole, the rarest of them all are red. In fact, only roughly 20 to 30 true red diamonds have been discovered, and the majority of them […]

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$42M Pink Diamond

Monday,06 November 2017 11:474 Comments

A fancy vivid pink diamond will officially be the most expensive piece of jewelry Christie’s Hong Kong has ever auctioned when it goes under the hammer at the Magnificent Jewels sale this month.   The 14.93-carat, VVS1-clarity, type IIa stone, known as the Pink Promise, has an estimate of $28 million to $42 million, Christie’s […]

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