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Pink Russian Diamond May Rank Among World’s Most Valuable Gems

Author: Yuliya Fedorinova and Thomas Biesheuvel - Published 14-08-2019 21:15
A 14.83-carat pink gem found and cut by Alrosa PJSC is expected to fetch one of the highest prices ever for a diamond when the Russian company puts it up for sale later this year.

World’s diamond polishing hub loses its shine as demand plummets

Author: Hiral Dave - Published 13-08-2019 21:00
The world’s diamond polishing hub, Surat, is staring at a potential crisis as demand is lowest since 2008 and around 100,000 people have lost work since December 2018, according to Surat Diamond Association.

Angola Sees Rise in Diamond Revenue

Author: unknown - Published 12-08-2019 21:04
Revenue from Angola’s national diamond-trading company, Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices.

Diamond exporters losers in trade war

Author: Sutanuka Ghosal - Published 09-08-2019 13:06
The US-China trade war has taken the sheen off the Indian diamond trade. In July, cut and polished diamond exports have dropped by 18.15 per cent, compared with July last year and for the first four months of FY20, the drop is 15.11 per cent.

Gems, jewellery exports dip 8.48 per cent in April-July

Author: unknown - Published 09-08-2019 13:02
Gems and jewellery exports declined by 8.48 per cent to $9.7 billion during April-July this fiscal, mainly on account of slowdown in demand in major developed markets.

GIA OFFERS $2 MILLION FOR GEM AND JEWELLERY PROS IN 2020

Author: unknown - Published 08-08-2019 13:05
The Gemological Institute of America (GIA) will spend $2 million in scholarships during 2020. According to Gem Konnect, the money is aimed at “aspiring or current gem and jewellery professionals interested in GIA gemmology, jewellery manufacturing arts, distance education courses and lab classes in 2020”.

Rapaport Weekly Market Comment

Author: unknown - Published 08-08-2019 13:04
Diamond trade slow due to seasonal lull and market uncertainty. US jewelry sales compensating for weakness elsewhere, but retailers holding less inventory. New US tariffs on China imports to impact jewelers more than diamantaires. Trade war affecting confidence as stock-market wealth declines, with Dow -3% (August 1 to 7). Political protests creating concern for important Hong Kong show. Yuan’s devaluation to CNY 7/$1 and rupee’s slide to over INR 70/$1 raise costs of local China and India diamond buying. Tiffany expands into India, with Delhi store to open in 2H. Titan Company 1Q sales +16% to $737M, profit +11% to $51M. Jewelers of America elects Holly Wesche as new chair.
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