International
Jewellery industry news from around the world.
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Jun- 2018 -28 June
China to use IDE factory to polish large diamonds
Chinese diamantaires will now have their large diamonds polished in a new factory being built by the Israel Diamond Exchange (IDE) and Israel Diamond Institute (IDIIsrael). The IDE president Yoram Dvash and Shanghai Diamond Exchange (SDE) president Li Qiang, signed the “historic agreement” in Ramat Gan, Israel. Representatives on…
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22 June
Alrosa launches football collection of diamonds for World Cup
Alrosa has launched a collection of diamonds in celebration of the World Cup named after the countries participating in the tournament. The collection consists of 32 round diamonds, 0.3 carats each of high quality, ranging from D to F color and VVS2 to IF clarity. The diamonds were mined in…
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8 June
JNA Awards and RJC partner for better practice in the industry
The Responsible Jewellery Council (RJC) and the JNA Awards will partner to promote sustainable and ethical business practices globally in the gemstone industry and international jewellery. RJC, which has more than 1,100 member-companies in 75 countries that span the entire jewellery supply chain, will introduce to its members the platform…
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May- 2018 -29 May
De Beers to launch new fashion jewellery brand with lab-grown diamonds
De Beers Group has announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewellery in September. Lightbox lab-grown diamonds will retail from $200 (£150) for a quarter-carat stone to $800 (£603) for a one-carat stone. The line will…
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18 May
Global consumer demand for jewellery hits new record high of $82bn
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82bn (£60.7bn), according to industry insight data published by De Beers Group. The US was the main driver for the overall 2% growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence…
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17 May
Alrosa’s first quarter revenue and profits surge
Alrosa, the global leader in rough diamond production, has reported its revenue rose by 58% to £1.1bn driven by an improved product mix and higher average selling prices. The company’s rough diamond sales also grew by 43% to 13.4 million carats amid a production decrease of 26%. The growth was…
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15 May
Carats.io raises $1.6 Million in first financing round
Carats.io, an Israeli blockchain startup in partnership with the Israel Diamond Exchange, has raised $1.6m (£1.1m) in its first funding round led by Net Capital Ventures, an Israeli venture capital fund. Carats.io is issuing the first digital coin backed by diamonds. The coin, Carat, which is 100% redeemable for diamonds,…
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10 May
Rising Middle East tension forces World Diamond Congress to cancel
The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that due to rising tension in the Middle East, the World Diamond Congress has been cancelled. The 38th World Diamond Congress due to be held in Tel Aviv, Israel, from 19 to 21 June…
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9 May
Alrosa auctions 101 special-sized diamonds for $14.8m
The United Selling Organization (USO) of Alrosa has sold 101 special size rough diamonds with the total weight of 1751.1 carats. Total sales revenue for diamonds amounted to $14.8m (£10.9m). The diamond mining company invited 86 companies from the main world’s diamond trading hubs, including Hong Kong, Belgium, Israel, India…
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8 May
Israeli Diamond Institute appoints Aviel Elia new MD
The board of directors of the Israel Diamond Institute (IDI) has appointed Aviel Elia as its new managing director. Elia will replace Eli Avidar, who joined IDI in 2007 and successfully served in this position, with a brief hiatus, until now. Elia, an attorney, has served as legal adviser and…
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