Diamond
Diamonds remain the cornerstone of the global jewellery trade, shaping trends and driving consumer demand across all market segments. For UK jewellers, designers, wholesalers, and manufacturers, staying informed about developments in the diamond sector is critical to navigating supply chain dynamics, pricing fluctuations, and shifting consumer preferences. Jewellery Focus provides comprehensive coverage of the diamond industry, including market analysis, ethical and lab-grown alternatives, regulatory changes, and insights into sourcing and sustainability. From the latest trends in diamond jewellery to updates from major producers and distributors, our reporting equips trade professionals with the knowledge to make informed commercial decisions.
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May- 2018 -17 MayInternational
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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16 MayAuctions
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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15 MayInternational
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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14 MayEconomy
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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11 MayCurrent Affairs
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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10 MayAppointments
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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10 MayEvents
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 MayInternational
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 MayFeatures
Augmented reality – What can it do for jewellery?
“Other retail industries are thinking about technological innovation in completely different ways,” says Jonathan Chippindale, CEO and co-founder of Holition, an augmented reality solutions and software provider, with concern, “and I worry that the jewellery industry isn’t waking up to this.” A recent survey of 1,000 shoppers, conducted by e-commerce…
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8 MayInternational
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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