Headlines

De Beers: New Diamond Jewelry Demand as Women's Roles Change

De Beers Group, in its latest Diamond Insight Report, reveals that shifting relationship dynamics, women’s expanding roles in society and changing perceptions of femininity are creating new motivations for diamond jewelry acquisitions.

Social and economic changes are leading to expanded symbolism for diamond jewelry, record levels of self-purchase and the establishment of new consumer types, De Beers said.

Signet Jewelers Forecasts R2Net To Add $80M-$90M In Fiscal 2018

Signet Jewelers Limited has finalized its acquisition of R2Net, which owns online jewelry retailer JamesAllen.com and Segoma Imaging Technologies.

“We are pleased with the rapid completion of the R2Net acquisition, which supports our focus on enhancing OmniChannel consumer experience and building a culture of innovation and agility across our organization,” said Virginia C. Drosos, Chief Executive Officer of Signet.

Russia's Putin Opens KGK Polishing Plant in Vladivostok

President Vladimir Putin opened India's KGK Group's modern diamond cutting and polishing factory in Vladivostok.

The 1,555 sq. meter plant has a manufacturing capacity of 150,000 carats per year.

It incorporates high-tech diamond cutting and polishing equipment and will employ 400 staff. KGK said that the plant cost around $50 million.

Shanghai and New York Exchanges Sign Deal to Boost Business

The Diamond Dealers Club of New York (DDC) and the Shanghai Diamond Exchange (SDE) signed a Memorandum of Understanding (MoU) at the recently held Asian Summit.

It is intended to strengthen the bonds between the two bourses and create new trading opportunities for members.

Philippe Barsamian Is New President of Federation Of Belgian Diamond Bourses

The directors of the Federation of Belgian Diamond Bourses (FDBD) have elected Philippe Barsamian as president.

Israel Exchange's Tender Center to Hold Sale of Gem Diamonds' Rough From Letseng

The Israel Diamond Exchange reports that its (IDE) International Tender Center (ITC) will hold Gem Diamonds’ first tender of high-quality Letšeng output outside of Antwerp.

The sale will include large, high-value rough diamonds (+10.80 carat) from the Letšeng mine in Lesotho.

Israel Diamond Exchange Supporting Digital Currency Based on Diamonds

The Israel Diamond Exchange (IDE) has signed an agreement with a start-up named CARATS.IO to launch a digital currency backed by diamonds named CDC – CARATS.IO Diamond Currency.

The IDE said its support for the venture was a way of boosting trade within the bourse.

Alex Popov Takes Part in Eastern Economic Forum

Moscow Diamond Bourse President and World Diamond Mark Chairman and CEO Alex Popov took part in the Eastern Economic Forum on September 2-3.

The theme of the Forum was “Opening up the Russian Far East”, with diamonds being one of the main sectors.