De Beers reduced rough prices this week, providing customers with the potential for greater profitability. But there are deeper concerns about the sightholder system. The company is trying to address ...

Couples spent an average of $2,500 to $5,000 on their engagement rings in 2024, making it the third-most-expensive item they own, behind their home and car, according to a Jewelers Mutual survey.

If there was one session at last week’s Facets 2024 conference that summed up the focus and atmosphere of the event, it was the panel on “Unlocking the Value of Natural Diamonds.” Five participants ...

De Beers has reduced rough prices by 10% to 15% at its December sight, market insiders told Rapaport News Monday — but manufacturers say they still can’t turn a profit from the goods. The miner made ...

The diamond industry gathered in Antwerp last week for the Facets 2024 conference. The event presented an opportunity to consider the state of diamond marketing and Antwerp’s relationship with African ...

De Beers has unveiled its sales schedule for the coming year, with plans to hold the usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract ...

A manufacturing supervisor at a luxury jewelry company was sentenced for stealing more than $1.7 million in gold, silver and platinum from his employer. US District Court Judge Angel Kelley ordered ...

Watches of Switzerland (WOS) saw its sales increase in the first fiscal half amid the addition of the Roberto Coin brand to its jewelry stable and improved consumer sentiment for luxury brands.

Alrosa has reduced prices of rough diamonds at this month’s trading session in the wake of similar discounts by De Beers, market insiders told Rapaport News. The Russian miner’s cuts averaged around ...

India’s Gem & Jewellery Export Promotion Council (GJEPC) has assumed the rules and terminology for synthetic diamonds the US Federal Trade Commission (FTC) implemented in 2018. The guidelines, which ...

Understanding the mine-to-market journey is critical for clients who want to feel confident that their jewelry materials have been responsibly sourced, says Anna Bario, cofounder of Bario Neal. The ...

Lucara Diamond Corp. has issued a strong full-year revenue and production forecast as it moves to mining the majority of its ore from the higher-value portions of the Karowe deposit in Botswana. The ...