(IDEX Online) - An increasing number of colored lab growns are being submitted for grading as natural diamonds, according to GSI.The New York-based lab is warning of a surge in undisclosed brown, yellow and pink stones - from melee to 1.0-cts - in recent months.Most of those detected have been Type IIa with a single nitrogen, all mounted in jewelry rather than loose."Over the past several months,...Read More
(IDEX Online) - A jeweler was shot in the back, robbed and then kidnapped in a terrifying attack North Carolina, USA.Four men wearing ski masks targeted the man at TIF Designs, Gastonia, then drove him to his home, 15 minutes away, in his own Chevrolet Tahoe.The unnamed victim was treated at Caromont Regional Medical Center, in Gastonia, for a single gunshot."Officers arrived on scene and were inf...Read More
(IDEX Online) - Candy brand M&M's has created lab grown diamonds made from peanut butter for American footballers who miss out on the Super Bowl rings presented to the winning team.Three "almost champions" - Dan Marino, Terrell Owens and Bruce Smith - will receive "Almost Champions Ring of Comfort", designed with a hidden replica of a football stadium that houses a single Peanut Butter M&...Read More
(IDEX Online) - Pandora says its achieved its target of using only recycle gold and silver in its jewelry.The Danish company says it no longer sources any newly-mined supplies for the 100m-plus items of jewelry it sells every year.Pandora says the move will save 58,000 tons of CO2 a year, equivalent to the electricity used to power 11,000 homes."Precious metals can be recycled forever without...Read More
(IDEX Online) - Watch and jewelry sales in the US showed further signs of recovery in December 2023, with the largest monthly rise since July 2022.Major brands have been faring better during the final quarter of 2023 with Richemont enjoying a 12 per cent revenue hike among its watch and jewelry maisons and LVMH reporting sales up by 3 per cent. The latest available figures show that Swiss watch ex...Read More
(IDEX Online) - Rio Tinto is facing four charges under Canada's Mine Health and Safety Act after a worker was seriously injured at Diavik.The first court appearance is scheduled for 19 March in Yellowknife, Northwest Territories. Rio Tinto owns and manages the Diavik Diamond Mine, which produces around 4.65m carats a year.The Workers' Safety and Compensation Commission, an arm's len...Read More
(IDEX Online) - The IDEX Polished Price Index dipped very slightly during January (down by 0.27 per cent) following on from a 1.9 per cent rise in December.The change of direction, after a long post-Covid decline, reflects a confusion and uncertainty that seems to pervade the industry at present. The market appeared to be showing some early signs of a recovery as 2023 came to an end. What...Read More
(IDEX Online) - US consumers will spend a record $6.4bn on jewelry this Valentine's Day according to a new NRF survey. That's a 14 per cent increase on last year's predicted spend of $5.5bn.Over half the population (53 per cent) say they'll be celebrating, according to an annual survey by the National Retail Federation (NRF) and data insights company Prosper Insights & Anal...Read More
(IDEX Online) - Gem Diamonds saw revenue and average per carat prices down by around a quarter during 2023 amid ongoing "downward pressure" in the rough market.The UK-based miner operates Letseng, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.It says total sales for the year were $139.4m, down 26 per cent, and the average per carat price was down 24 per cent to $1,3...Read More
(IDEX Online) - Sanctioned Russian miner AGD Diamonds has announced its first "extra large" recovery of 2024 - a 52.47 carat gem quality diamond.AGD produces diamonds from the Grib diamond pipe - named after Russian geologist Vladimir Grib - 130km from Arkhangelsk, in north-west Russia.Its Belgium-based subsidiary, Grib Diamonds, was also sanctioned when the US responded to the invasion of Ukraine...Read More
(IDEX Online) - A hesitant start to 2024. Round prices started to pick up in December, but haven't followed through in January. And fancies sustained some significant losses during the month. We're in the lull between the holiday season and Valentine's Day, and nobody's really sure which way prices are moving. India's two-month moratorium is credited with sparking some rec...Read More
IDEX Online) - Rough sales showed some early signs of recovery at De Beers' first sight of the year. The UK-based miner said yesterday (31 January) that demand was increasing but cautioned that a full recovery would take time. Total sales (provisional) for Cycle 1 were $370m as India resumed purchases after a two-month moratorium and US consumer spending increased during over the holiday seas...Read More
(IDEX Online) - Alrosa and Endiama are reported to be heading for a messy divorce over Catoca, the world's fourth biggest diamond mine.The Russian and Angolan mining companies, both state-controlled hold 41 per cent and 59 per cent stakes respectively in Sociedade Mineira de Catoca, the company that operates the mine.Angola is pushing for Alrosa to withdraw unconditionally from the venture, a...Read More
(IDEX Online) - The Kimberley Process today is under renewed pressure to review its definition of conflict diamonds as it concludes a closed meeting today (31 January) in Dubai.KP Civil Society Coalition (KPCSC), the observer group of mostly African diamond-producing countries, says in a statement that such a move is long overdue, especially given Russia's invasion of Ukraine."Civil society i...Read More
(IDEX Online) - Sisters Chloe and Halle Bailey, who found fame as singing duo Chloe X Halle, are Pandora's newest global ambassadors, together with actress Selma Blair, best known for the movies Cruel Intentions, Legally Blonde and The Sweetest Thing.They're part of a new new brand campaign "Be Love", designed to broaden consumer perception of Pandora as a full jewelry brand, beyond the...Read More
(IDEX Online) - A 21.38 carat Fancy Vivid Yellow diamond is to be auctioned tomorrow (31 January) at Sotheby's Hong Kong with an estimate of HKD 8,000,000 to 11,000,000 HKD ($1m to $1.4m).The radiant-cut VS1 gem is flanked by two tapered baguette diamonds, mounted in platinum and 18 karat yellow gold, inscribed HW (Harry Winston).The FCRF (Fancy Color Research Foundation) gives the ston...Read More
(IDEX Online) - Adamas One Corp, the publicly traded lab-grown diamond company, could be delisted from the Nasdaq after failing to submit financial details on time. It says that despite missing its deadline, it was "working diligently" and expected to file its Annual Report 2023 Form 10-K shortly.Adamas One produces single-crystal diamonds for gemstone and industrial applications in Greenvill...Read More
(IDEX Online) - Lucapa reported a slight increase in total rough sales for FY2023 in what it described as a solid performance.The Australian miner announced revenues of $102.2m, up by 1 per cent on the previous year.Q4 earnings from its two mines - Lulo in Angola and Mothae in Lesotho - slipped by 1 per cent to $40.8m.During the year Lucapa sold 11 diamonds from Lulo that fetched a total of $32.7m...Read More
(IDEX Online) - A TikTok video of a woman who accidentally broiled her topaz and diamond ring in the oven with Brussel sprouts for Thanksgiving Day has had over 2.4m views.Jacki Gansky, 29, was concerned it wouldn't survive 30 minutes in a 415F/215C oven, but she needn't have worried.Diamonds and topaz are both formed at temperatures of around 2,000F/1,050C.Jacki, a US actress received t...Read More
(IDEX Online) - Botswana's diamond industry says it is concerned and frustrated by new requirement that all diamonds are certified in Antwerp before entering G7 countries.The single entry point is a part of a sanctions package aimed at outlawing Russian diamonds. It was partially introduced on 1 January and will be rolled out in coming months.Brad Brooks- Rubin, head of the G7 Diamond Technic...Read More