ALROSA Reports Strong November Sales: A Glimmer of Hope for the Global Diamond Market ALROSA, the world’s largest diamond mining company by volume, has released its highly anticipated sales results for November and the first eleven months of 2020. These figures paint a picture of a resilient diamond market, demonstrating a significant recovery in demand … Read more

Ethical Dilemma: Why Consumers Must Rethink Russian Diamonds Amidst Global Conflict The global diamond industry, often associated with luxury and enduring beauty, is currently facing a profound ethical challenge. A powerful and urgent call has been issued by a Ukrainian diplomat, urging consumers worldwide to cease purchasing Russian diamonds. This plea is not merely a … Read more

The Diamond Dilemma: Calls for Russian Sanctions Intensify Amidst Geopolitical Tensions The global diamond industry finds itself at a pivotal crossroads, grappling with the complex interplay of ethics, economics, and international geopolitics. At the heart of this intricate debate is the mounting pressure to sanction Russian diamonds, a move that could significantly reshape the supply … Read more

The London Diamond Bourse to Host Exclusive Diamond Tender: A Landmark Event for the Global Diamond Trade In a significant development for the international diamond market, the esteemed London Diamond Bourse (LDB) has been appointed as the exclusive industry representative to manage and execute a prestigious diamond tender. This pivotal role underscores the LDB’s unwavering … Read more

As we pop the celebratory corks and embark on a new year, it becomes essential to pause and meticulously reflect on the pivotal trends and compelling narratives that defined the landscape of the jewelry industry in 2017. These insights are not merely historical footnotes but critical compass points, charting the course for the next twelve … Read more

Rough Diamond Trade 2016: A Comprehensive Analysis of Global Production and Import Trends The global diamond industry, a complex ecosystem of mining, trade, and manufacturing, relies on transparent data to understand market dynamics and inform strategic decisions. The Annual Global Summary report for 2016, meticulously compiled by the Kimberley Process Certification Scheme (KPCS), provides invaluable … Read more

The dynamic retail landscape of Hong Kong, renowned globally as a luxury shopping hub, commenced 2018 with remarkable vigor. January 2018 data, meticulously compiled and released by the Hong Kong Census and Statistics Department, unveiled a significant uplift across key sectors, most notably within the high-value segment of jewellery, watches, clocks, and valuable gifts. This … Read more

Global Diamond Market Resurgence: Alrosa Reports Stellar Sales and Record Dividends The global diamond industry is witnessing a remarkable resurgence, with leading players like Alrosa, the world’s largest diamond mining company by volume, reporting exceptionally strong performance. The Russian state-owned miner has announced preliminary rough and polished diamond sales of an impressive $401 million in … Read more

China Dramatically Cuts Jewelry Import Tariffs, Unlocking Massive Market Potential In a landmark move poised to reshape the global jewelry trade, the Chinese government has announced significant reductions in import tariffs across 18 distinct categories of jewelry. This strategic policy shift, effective July 1, 2018, has resulted in average tariff rates that are a remarkable … Read more

The American retail landscape continues to demonstrate remarkable resilience, with U.S. retail sales maintaining a positive upward trend in June. This sustained growth comes even as the nation’s employment expansion shows signs of moderating, painting a nuanced but ultimately optimistic picture of consumer strength and economic adaptability. The National Retail Federation (NRF), a leading voice … Read more