Author name: JNI

The diamond market was slow in May due to mixed US demand and China’s continued weakness. Anglo American’s plan to split from De Beers created additional uncertainty. Prices for IF to VS diamonds decreased. SI1s were mixed, but SI2s continued to recover. Fancy shapes were slow, with the exception of luxury models. The Las Vegas […]

The London Diamond Bourse (LDB) has elected David Troostwyk as president, succeeding Alan Cohen, who has stepped down after many mandates. Troostwyk, who was nominated by the LDB at its annual general meeting on May 23, has been the organization’s vice president since 2022, but has spent the last six months as co-president with Cohen,

At the May 30 dinner in the Venetian hotel’s San Polo Ballroom, Lisa Bridge (CEO and president of Ben Bridge Jeweler), London Jewelers, and GIA received Diamonds Do Good 2024 awards. “The Diamonds Do Good Awards recognizes leaders who understand the interconnectedness between building a successful business, having a social purpose, and caring for the

De Beers said that it would discontinue the production of lab-grown diamonds for jewelry in order to promote the “unique attributes” of natural stones. Stakes are high after sales dropped in 2023, and owner Anglo-American is considering a sale or spin-off. The miner’s Element Six business will consolidate its three chemical vapor deposition (CVD) factories

Kalyan Jewellers India Ltd. announced the signing of a definitive deal with Rupesh Jain, Founder of www.candere.com (Enovate Lifestyles Pvt. Ltd), to buy his remaining 15% stake in Candere, a subsidiary of Kalyan Jewellers. Candere will become a wholly owned subsidiary of Kalyan Jewellers as it transitions from e-commerce to Omni channel commerce, with a

The Natural Diamond Council (NDC) introduced its new Real. Rare. Responsible advertising with Global Ambassador and Emmy-nominated actress Lily James. The campaign, which will launch in late summer and include hero films as well as a variety of video and image assets, will take consumers on a discovery trip with Lily James to Canada’s Northwest

As part of their mission, the GJEPC delegation recently traveled to Panama to assess market needs, explore commercial prospects, and network with industry associations and top corporations. The goal is to strengthen India’s position in the gems and jewellery sector of Latin America and the Caribbean (LAC) area, as well as to encourage increased participation

Gem Diamonds discovered a rare 212.49-carat Type II white diamond at the Letšeng mine in Lesotho on May 28, 2024. This spectacular find is the sixth diamond over 100 carats found from the mine this year. Type II diamonds are noted for their high quality and lack of nitrogen impurities. Gem Diamonds has a history

Registration for the 2024 Congress of the World Jewellery Confederation (CIBJO) is currently open. Delegates and other participants can register for the Congress through a dedicated website at www.cibjo.org/congress-2024/. The CIBJO‘s 2023 annual Congress will be held in Shanghai, China’s financial center and the gateway to what is now the world’s largest jewellery industry, from

The India International Bullion Exchange (IIBX) has reached a number of significant milestones in gold transaction volumes, breaking bullion market records. Since its start, IIBX has successfully transacted over 10 tons of gold, a significant milestone for the exchange. On May 29th, IIBX set a record by dealing 500+ kilos of gold in a single