News of the day
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2020.
Gem and jewelry industry experts Dusan Simic and Branko Deljanin have completed the 3rd edition of their best-selling book Laboratory-Grown Diamonds - Information guide to HPHT and CVD-grown diamonds. Simic and Deljanin, diamond researchers with over 50 years combined experience in the trade, are internationally recognized as authorities on diamonds.
De Beers Group’s fourth Diamond Insight ‘Flash’ report looks at how the pandemic is likely to influence key jewellery design trends this gifting season
De Beers Group is pleased to introduce ReSet, a series of collaborations with jewelry designers to engage in conversations around sustainability and to offer a fresh perspective on the positive impacts of natural diamonds.
Jewels that once belonged to Maharani Jindan Kaur, last wife of Maharajah Ranjit Singh, the Lion of Punjab, and which were inherited by her granddaughter Princess Bamba Sutherland, lead Bonhams Islamic and Indian Art Sale in London on Monday 26 October. The gem-set gold forehead pendant (chand-tikka), gem-set gold mirrored roundel and a pearl-mounted gold pendant are estimated at £60,000-80,000.
JCK Las Vegas and Luxury, part of Reed Exhibitions’ Reed Jewelry Group, has announced plans for their 2020-2021 show schedule as a follow-up to the previously announced postponement of their June 2020 events.
In March 2020, ALROSA Group sold $152.8 million worth of rough and polished diamonds*. The revenue from rough diamond sales to third parties amounted to $148.7 million, and from polished diamond sales – to $4.1 million.
ALROSA’s total rough and polished diamond sales in Q1 2020 amounted to $904.2 million. From January to March, rough diamonds were sold for $881.2 million, polished diamonds – for $23.0 million.
Production activity at the diamond-mining operations in Yakutia and the Arkhangelsk region is continuing as usual.
The following measures are being taken due to the pandemic threat:
- All business trips abroad are cancelled, while business trips in Russia are carried out only if absolutely necessary;
Due to the public health restrictions on the movement of people and products in Botswana, South Africa and India, which prohibit customers from traveling and prevent the shipment of goods to customers’ international operations, De Beers Group will not hold its third Sight of 2020.
Jewelers of America, the Jewelers Vigilance Committee and the Women’s Jewelry Association joined 90 other retail industry trade groups in signing a National Retail Federation letter to the White House urging the Trump Administration to protect public health and minimize the economic impact of the coronavirus pandemic. Other similar communications have also been sent to the Department of the Treasury and Congress.