Synthetic diamonds are a fundamental threat to the natural diamond industry. They are not just a competitive product like gems, pearls, or gold jewelry. They are a replacement product. Their marketers shout out: Don’t buy natural diamonds, buy synthetic diamonds because synthetic diamonds are more ethical. They are cheaper. They build up synthetic diamonds by … Read more
Rough diamond sight parcels packed into a Sight case. De Beers Global Sightholder Sales, Gaborone, Botswana.
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Sales and profit from watches and jewelry at LVMH Moët Hennessy Louis Vuitton grew in the first half of 2019 amid a strong performance by its Bulgari brand, the company reported Wednesday. Revenue for the categories rose 8% to EUR 2.14 billion ($2.38 billion) in the six months ending June 30, while profit increased 5% … Read more
Fitsch Solutions. a risk management agency, reported that Endiama, Angola’s state-owned diamond mining company, will be privatized, with a portion of its capital to be sold on the country’s growing stock exchange, the BODIVA. Fitsch reported that in May 2019, President Lourenco had presented a plan to create a National Solid Mineral Resources Agency in … Read more
Firestone Diamonds announced Thursday that it recovered 208,572 carats in Q4, up 34% from its Q3. However, the diamond market is not great, warned Paul Bosma, chief executive officer. “From a market and pricing perspective, it was a tough financial year, particularly for the smaller, lower value goods and these conditions are expected to persist … Read more
