Diamond

Shining Diamonds opens first London store

Independent jewellery retailer Shining Diamonds has opened its first store in London. The store is located in the jewellery quarter of Hatton Garden, within the Holborn district of London. Shining Diamonds started out as an online-only retailer for diamond jewellery with 20 years of international experience manufacturing and selling diamond…

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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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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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The Farnese Blue Diamond sold for $6.7m at auction

The Farnese Blue, a 6.16-carat pear-shaped dark grey-blue diamond which has passed through the hands of four European royal families, has been sold at auction for $6.7m (£4.9m) The diamond hit the public market for the first time in over 300 years and was sold after four minutes of bidding…

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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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Fancy colour diamond prices show stability

The Fancy Color Research Foundation (FCRF) has reported that fancy colour diamond prices showed stability in most categories in Q1 2018. The Fancy Color Diamond Index (FCDI) indicated an overall rise of 0.1% in Q1 2018 for fancy color diamonds across all sizes and saturations. Continuing their trend from 2017,…

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De Beers successfully tracks first diamonds from mine to retail on blockchain

The De Beers Group has announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine,…

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London Diamond Bourse announces ‘revitalised’ management board

Diamond trading association London Diamond Bourse has appointmented new staff to its council of management and its executive committee. The council of management appointments include: Katherine Chappell – Chappell has worked in the gemstone business for over 20 years. She emigrated to Canada as a child in 1965, settling in…

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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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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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