End of an Era
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Saturday,October 31 2020 [ Issue 5 October/ 2020 ]
End of an Era
Next week, Rio Tinto’s Argyle mine, which produces 90 per cent of world’s rarest pink diamonds is shutting down. Pink diamonds have cast their spell on people for so many years now, a diamond itself is so rare, a pink diamond on top of that, is considered one of Nature’s most beautiful miracles.

Argyle has been running since 1983, and since then it has produced over 865 million carats, making it the world's largest producer of coloured diamonds and the only source of pink diamonds. Now that it’s life cycle has come to an end, the prices of pink diamonds are going to shoot up and it’s demand even more!

In other news, the battle between Tiffany & Co. and LVMH has finally come to an end. The fight was after all about a difference of $500 million! By paying $15.5 billion rather than $16 billion for Tiffany, the combined market share of both companies is well about 17 per cent!

 
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Highlights
Further to the recentannouncementof two masterpieces created by Feng J, one of the world’s most exciting, contemporary jewellery artist-designers, Phillips proudly unveils additional highlights from theJewels & Jade
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Lightbox, the innovative laboratory-grown diamond jewelry company, today announced the official opening of its new US manufacturing facility in Gresham, Oregon and a major partnership withBlue Nile, the largest online fine je
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LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury products group, and Tiffany & Co., the global luxury jeweler, today announced that they have concluded an agreement modifying certain terms of the
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As one of the pioneers in the gems and jewellery industry, KGK Group is renowned for its passion for artistic excellence and commitment to exceptional quality. KGK’s consistent growth, outlined by innovation, has streng
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Virtual Diamond Boutique (VDB), the jewelry industry’s leading technology partner and largest virtual marketplace, announces the launch of Software as a Service (SaaS) in support of jewelers of all types –retailer
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Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced today that he will not stand for a third term in elections that will be held in December 2020. Dvash said that he wil
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Q1 revenue increased 33% to US$82.0 million (Q1 FY 2020: US$61.6 million) mainly due to the release of inventory carried over from Q4 FY 2020. Although diamond prices increased ca. 21% on a like-for-like basis at the Septembe
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After the success of the Virtual Buyer-Seller Meets for Loose Diamonds and Plain Gold Jewellery, GJEPC is all geared up for the Diamond Studded Jewellery VBSM from 25th– 28thNovember 2020. Buyers are expected from the U
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DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has rolled out a company setup offer for businesses worldwide. The offer provides international c
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