Industry News
GIA Detects "Impostor" Diamonds with Fake Inscriptions
Wednesday, February 24, 2021
GIA has reported new instances of gems being submitted for grading with fraudulent inscriptions. The diamonds were either lab-grown or treated naturals but bore inscriptions on their girdles relating ...
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De Beers Increases Rough Prices Again
Wednesday, February 24, 2021
De Beers has reportedly increased prices for the third Sight in a row, as demand for rough keeps getting stronger. The UK-based miner doesn't comment on prices but insiders say they're up four per...
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Lucara Reports $26m Loss as it Holds Back Special-Sized Stones
Wednesday, February 24, 2021
Lucara reported a fall in revenue and per-carat prices during the pandemic as it held back the large stones (+10.8-cts) that usually represent 70 per cent of its sales. They'll start selling them next month...
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Gay-Friendly Jeweler Ditches the word "Bridal"
Tuesday, February 23, 2021
A Hatton Garden jeweler has ditched the term "bridal" from all its literature. It also says it will no longer uses the word "her" when referring to ring sizes. Queensmith Master Jewellers...
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Go Online, Urges VanderLinden, in Farewell Message to DMIA
Tuesday, February 23, 2021
Ronnie VanderLinden has stepped down after eight years as president of the Diamond Manufacturers & Importers Association of America (DMIA). In a farewell message he urges members...
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Diamond Aid for ex-Robben Island Prisoners
Tuesday, February 23, 2021
A fund for Namibia's former political inmates of South Africa's notorious Robben Island prison is prospecting for diamonds. It is now seeking to extend its license to explore a 1,500-hectare ...
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Signet Donates $1m for COVID-19 Jabs
Tuesday, February 23, 2021
Signet has donated $1m to provide COVID-19 jabs for school staff in Akron, Ohio, USA. The jeweler has a long-standing charitable link with the city's Akron Children's Hospital, which had to...
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Diamond Billionaire Gertler has his US Assets Unfrozen
Monday, February 22, 2021
A billionaire with diamond and copper interests in Congo reportedly had his assets unfrozen in the final days of the Trump administration. Israeli Dan Gertler, 47, had long been accused ...
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Moldawsky is New President of Israel Diamond Exchange
Monday, February 22, 2021
Boaz Moldawsky has been elected as new president of the Israel Diamond Exchange (IDE). He will take over from Yoram Dvash, who stood down after five years in office to focus on his role...
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Chinese Jewelers Open Hundreds of New Stores in Post-Pandemic Surge
Sunday, February 21, 2021
Jewelry retailers in China are expanding their operations as post-pandemic sales surge. Chow Tai Fook opened 543 new stores in the second half of 2020, a sign of its confidence in the post-Covid recovery....
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