05 Dec
The 18.04-carat emerald-cut diamond
An 18.04-carat emerald-cut diamond set in a ring sold for $828,500 against its estimate of $400,000-$600,000 at the Bonhams New York December fine jewellery sale on December 3.  The second top performing lot was a diamond solitaire ring by Royal De Versailles. The round brilliant-cut F VS1 diamond weighing 7.01 carats, sold for $275,000, exceeding its pre-sale estimate of $180,000-$250,000.  Other colourless diamonds which sold at the auction included: A diamond solitaire ring with a pear-shaped brilliant-cut 5.03-carat IF Type IIa diamond sold for $250,000. A pair of heart-shaped diamond earrings, weighing 4.04 and 4.00 carats, G VS2 and VS1 clarity respectively, sold for $112,500. A diamond ring featuring a 7.92-carat G...
04 Dec
To meet US retailer needs, the Gemological Institute of America (GIA) is offering diamond grading services in under 24 hours at no additional charge from December 3, 2018 to January 4, 2019. This limited time offer applies to D-to-Z diamonds received by GIA at its Carlsbad or New York laboratories, from US locations, for Diamond Grading Report or Diamond Dossier services. GIA said all services must be ordered at the time of stone submission. Diamonds submitted with requests for add-on or follow-up services will  not be eligible and will be serviced based on the standard estimated return dates posted on GIA’s website.  Stones submitted for this offer cannot be received or returned on dates that GIA is closed, including weekends. 
04 Dec
Ernie Blom
World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewellery industries appear to be heading for a strong end of the year, according to import and export figures and other reports in recent weeks. India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US retail industry research groups are predicting a rise in holiday season sales of around 5 percent.  "The figures are looking upbeat," said Blom. "Exports of polished diamonds showed a significant increase in two of the most important centres — India and Belgium. Meanwhile, forecasts for the holiday season in the United States are very promising as a result of the strength of the US...
03 Dec
Chow Tai Fook Jewellery Group Executive Director, StrategicInvestment, Adrian Cheng (centre), Managing Director, KentWong (left) and Executive Director, Finance and Operations,Hamilton Cheng (right) announce the interim results.
Hong Kong listed jewellery retailer Chow Tai Fook Jewellery Group Limited, which has a large retail footprint in mainland China, reported revenue of HK$29.7 billion (US$3.8 billion) for the first half of fiscal 2019 (the six months ended September 30), a 20 percent increase over the HK$24.8 billion (US$3.2 billion) recorded in the same period last year. Gross profit amounted to HK$8.5 billion (US$1.1 billion) as against the HK$7.17 billion (916 million) recorded in the same period last year. Core operating profit surged by 24.7 percent in...
30 Nov
Lightbox, the De Beers lab-grown diamond brand, launched a pop-up store at The Occulus in the Westfield World Trade Center in New York on Monday. Aimed at the post-Thanksgiving Cyber Week shopping occasion, the pop-up showcases the Lightbox launch collection that is otherwise only available online. Lightbox General Manager Steve Coe and Head of Marketing Sally Morrison were joined by models from the brand's advertising campaign for a lighting ceremony on Monday. The Lightbox product line at the pop-up features pendants and stud earrings set with white, pink and pale blue lab-grown diamonds. prices range from $200 for a quarter carat to $800 for a total one-carat diamond weight, plus the cost of the settings. Visitors can try on the jewellery from the product line, while there are brand...
30 Nov
ALROSA announced that it had sold 105 gem-quality rough diamonds with the total weight of 1,906 carats, realising a total of $17 million, at its rough diamond auction in Israel that ran from November 4 to 22. More than 100 companies from Israel, Belgium, Hong Kong, India, the UAE, the US and Russia participated in the auction with winning bids being made by 44 companies. "The results of this year's last auction in Israel confirm the stable demand for our products in this country — the total starting price has been significantly exceeded. This year, we held six auctions in Israel and sold large rough diamonds for a total amount of $90 million," said USO ALROSA Director Evgeny Agureev.
29 Nov
Canadian jewellery retailer Birks Group, announced it will begin accepting cryptocurrency bitcoin cash and bitcoin core payments at eight retail outlets in Canada, including its recently-opened Patek Philippe and Graff Diamonds stores. Birks, which has been retailing fine jewellery since 1879 and operates 28 Maison Birks and Brinkhaus stores across Canada, said the move to accept bitcoin was a milestone  for the company. According to Birks, retail store customers in the select eight locations can purchase well-known jewellery and watch brands such as Breitling, Rolex, Bulgari and Cartier with digital currencies. The company said it was the first luxury retailer in Canada to accept bitcoin and group CEO Jean-Christophe Bédos said that the company’s collaboration with Bitpay is a...
27 Nov
ALROSA announced that its polished diamond auction in Israel, that ran from  November 4 to 13, realised $2.9 million from the sale of 370 carats. The auction featured colourless stones of 5 carats and up, fancy coloured diamonds over 1 carat and colour-matched batches of stones in the 0.3- to 0.99-carat size range. According to ALROSA, firms from Israel, the US, Belgium, Hong Kong, India and Russia were among the bidders. Of the diamonds sold, 314 carats were accounted for by large fancy coloured stones, with more than 40 fancy coloured polished diamonds over 5 carats with a total weight of 215 carats being sold. Pavel Vinikhin, Director of Diamonds ALROSA, the company’s cutting division, said that Israeli firms had shown a preference for large polished diamonds over 3 carats and this had...
27 Nov
The fourth Preferred Manufacturer of India (PMI) event organised by the All India Gem and Jewellery Domestic Council (GJC), the country’s apex body for the domestic gem & jewellery industry, kicked off in Jaipur on Monday. The business-to-business event brings together leading gem and jewellery manufacturers and jewellery retailers looking for new sources and product.  GJC Chairman Nitin Khandelwal commented that the PMI event served as a benchmark for business-to-business trade shows. He added that it strengthened intra-industry connections between manufacturers and retailers throughout the country. GJC Vice Chairman N. Anantha Padmanaban said, "The PMI program is our exclusive B2B marketing platform for manufacturers. Our aim is to help participants by fulfilling their business...
24 Nov
Seen inaugurating the event are (from left) Ministry of CommerceEconomic Advisor Rupa Dutta, GJEPC Chairman Pramod Agarwal,GJEPC Executive Director Sabyasachi Ray, Indian Commerce &Industry Minister Suresh Prabhu and Zimbabwe Minister ofCommerce & Industry Raj Modi
The two-day India Gold & Jewellery Summit, organized by the Gem and Jewellery Export Promotion Council (GJEPC), kicked off in Delhi on Friday, bringing together the country’s top policy makers, gem & jewellery stakeholders and decision makers.  Indian Commerce & Industry Minister Suresh Prabhu observed in his remarks at the event that the gem and jewellery industry is one of the top contributors to the nation’s economy and holds the potential for further strong growth duty to the...
22 Nov
Albert Milton (left) will take over from Balisi Bonyongo
Debswana Diamond Company, the joint venture equally owned by De Beers and the government of Botswana, announced that Managing Director Balisi Bonyongo will retire from the business with effect from November 30 following 26 years of service. Albert Milton, currently General Manager of Jwaneng Mine, will take over as Managing Director with effect from December 1. Bonyongo will stay on for three months as a consultant to ensure a smooth leadership transition. Incoming managing director Milton’s career with Debswana spans more than 25 years, during which he has gained extensive diamond and coal mining experience at both operational and strategic level. He holds of a Bachelor of Engineering (Hons) in Mining...
21 Nov
Some of the WDC contingent at the KP Plenary
While reiterating its support for the Kimberley Process Certification Scheme (KPCS) as the most effective means possible to end the trade in conflict diamonds, the World Diamond Council (WDC) expressed concern that more progress was not made in reforming its scope during the 2018 KP Plenary Meeting that ended on November 16, hosted by the European Union in Brussels.  Nonetheless, the WDC considered as positive the noting in the KP Plenary’s final communique of the submission by the Canadian government, of an expanded definition of conflict diamonds, which had been proposed by WDC and its fellow KP observer, the Civil Society Coalition (CSC), and expressed hope that the Kimberley Process participants will support the...
20 Nov
De Beers Group today announced it had provisionally sold $440 million in rough diamonds in its 9th sales cycle of 2018. The figure is an aggregation of Global Sightholder Sales and Auction Sales during the period. It compares with the $466 million sold in the 9th sales cycle of 2017. De Beers also said that its actual sales figures for this year’s 8th sales cycle now stand at $482 million. De Beers CEO Bruce Cleaver said, “As the industry’s focus turns towards the key end-of-year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after...
20 Nov
The Rio Tinto-owned Diavik diamond mine has been awarded the Northwest Territories (NWT) Mining and Exploration (MAX) special achievement award for the design, construction and operations of its dykes and its contribution as a joint venture partner to the Tibbitt-to-Contwoyto winter ice road.  The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the NWT government’s Department of Industry, Tourism and Investment. The awards recognise major contributions to the Northwest Territories’ minerals industry, the largest private sector contributor to its economy.  Diavik’s three award winning rock-fill dykes are an integral part of its life of mine plan enabling safe access to underwater deposits whilst keeping the pristine waters of Lac de Gras at bay. The most...
20 Nov
Coloured  gemstone producer Gemfields said that its higher quality emerald rough auction in Singapore, which ran from November 14 to 17, realised $28.4 million from the sale of 20 lots, including the 5,655-carat Inkalamu or ‘Lion’ emerald, which was found on October 2 at the Gemfields majority-owned Kagem mine in Zambia. The specific sale price of the Inkalamu emerald was not disclosed, but Gemfields said it was bought by Rajkumar and Rishabh Tongya of Dia-Color, who specialise in high-value gems. Gemfields said that in furthering its support of wildlife conservation, it is donating 10 percent of the proceeds from the sale of Inkalamu to its conservation partners, the Zambian Carnivore Programme and the Niassa Carnivore Project. The Inkalamu emerald will deploy fully customised Gübelin ‘...
15 Nov
The ‘Pink Legacy’, an 18.96-carat vivid pink was bought at the Christie’s Geneva jewellery sale for a record CHF 50.375 million ($50 million)  Swiss francs ($50 million) by Harry Winston, owned by the Swatch Group. Swatch CEO Nayla Hayek, daughter of the late Swatch founder Nicolas Hayek, promptly renamed it “The Winston Pink Legacy”, adding it to its collection of rare jewels, the auction house said. The stone joins the 101-carat D-flawless Winston Legacy that Harry Winston acquired in 2013. The internally flawless, rectangular cut diamond’s sale price translates to a world-record $2.6 million per carat. The Christie’s Geneva sale netted $110 million, with 86 percent of the lots being sold – 11 of them for more than $1 million, according to Christie’s luxury group Chairman Francois...
15 Nov
The 24.31-carat Internally Flawless diamond
A D colour Internally Flawless 24.31-carat step-cut diamond is set to go under the hammer at Bonhams London December Jewellery sale on December 5. Estimated at £1,300,000 - £1,800,000  ($1,700,000 - $2,300,000), the diamond is from a private collection and this is the first time it has come to auction. Bonhams UK Director of Jewellery Emily Barber said, “This diamond is a magnificent gem, not only due to its significant size – top-quality diamonds over 20 carats are very rare – but also due to its internally flawless clarity and its exceptional white colour. The diamond has also been designated as a Type IIa diamond – meaning it is considered chemically pure – and thus possesses exceptional transparency and optical...
14 Nov
ALROSA said it had sold 119 ‘special size’ (over 10.8 carats) gem-quality rough diamonds with the total weight of 1,890 carats, realising $10.3 million from its auction at its Vladivostok centre. Winning bids came from 26 companies from all over the world. Evgeny Agureev, Director of the United Selling Organisation (SO), ALROSA’s sales arm, commented that the company had held four auctions at its Vladivostok centre this year which had realised almost $55 million in aggregate. He said the results were very promising and ALROSA would develop Vladivostok auction further.

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