Headlines

Three Reasons Millennial Couples Are Ditching Diamonds

Millennials aren't as interested in buying diamonds as their Baby Boomer counterparts — and an increasingly agitated diamond industry is trying to win them over, reports CNBC.

 

Stornoway: 1 Million Carats Produced at Renard

Stornoway Diamond Corp said it has now produced 1 million carats of diamonds at the Renard diamond mine in Quebec.

President and CEO Matt Manson commented: “Today’s news represents another important milestone in our production ramp-up at Renard. The one million carat threshold comes, coincidentally, at the same time that the first polished diamonds from the mine have become available for sale in Montreal.”

Israeli Industry Leaders Hold Talks With Bruce Cleaver, Paul Rowley

Israeli diamond industry heads met with a senior delegation from the De Beers Group, headed by CEO Bruce Cleaver.

Executive Vice President ,Global Sightholder Sales, Paul Rowley accompanied Cleaver in the discussions.

India’s Posts Strong Rise In Polished Diamond Exports In March

India's polished exports rose by 10 percent on the year in March to $1.87 billion.

Meanwhile, polished exports for April 2016 to March 2017 also soared by 10 percent to $22.8 billion, the country's Gem & Jewellery Export Promotion Council (GJEPC) announced.

Signet: Female Pay And Promotions Cases Dealt With

Signet Jewelers Limited said that an agreement with the Equal Employment Opportunity Commission (EEOC) has been reached to resolve all claims relating to the pay and promotion of female retail sales employees at the company in EEOC v. Sterling Jewelers Inc.

Jewelers of America Praises Re-Introduction of Bipartisan Internet Sales Tax Fairness Bills

National fine jewelry trade association Jewelers of America (JA) has welcomed "the growing momentum toward passage of sales tax fairness on Capitol Hill".

The Remote Transactions Parity Act (RTPA) was reintroduced in the U.S. House of Representatives, while the Senate re-introduced the Marketplace Fairness Act (MFA).

Israel Diamond Exchange Inaugurates Ethical Code of Conduct

The Israel Diamond Exchange (IDE) has become the first diamond bourse to initiate an Ethical Code of Conduct, the IDE said in a statement.

The code, which took over two years to complete, requires IDE members to conduct their business interactions according to the principles of accountability, trust, fairness, integrity, expertise, tradition, industriousness, mutual responsibility and respect for others.

West Coast Diamond Club Special Lecture And Workshop On Synthetic Diamonds

Forty participants from the West Coast Diamond Club, Inc. (WCDC) had a chance to participate at a special lecture and workshop on synthetic diamonds presented by AGS Conclave attendee, Branko Deljanin of CGL-GRS Lab of Vancouver, Canada.

The lecture was designed for wholesalers, dealers, jewelry sales people, gemologists and appraisers to ‘at their desk’ identify some of the characteristics of synthetic diamonds, the WCDC said.