Headlines

Botswana Central Bank Head: Review Tax System And Prepare For Diamond Depletion

The head of Botswana’s central bank has urged the government to overhaul the state's tax system and prepare its economy for declining income from diamonds.

Oxford University Developed Laser Marking Chosen by De Beers for New Jewelry

Opsydia, an Oxford University venture, will create tiny laser markings on De Beers' new lab-grown diamond range, Lightbox Jewellery.

The firm uses high-precision lasers to create the markings below the surface of diamonds which makes it economically unviable to attempt to remove them.

First Amsterdam Boutique Opened by Royal Asscher Diamond Company

The Royal Asscher Diamond Company, together with leading Dutch retailer Schaap Citroen, has opened its first Amsterdam boutique.

The store has two floors dedicated to showcasing the brand’s diamond jewelry collections, featuring Royal Asscher’s signature patented Royal Asscher Cut and Royal Asscher Brilliant alongside their fine diamond jewelry collections.

WDC's System of Warranties Enters Public Review Period

The World Diamond Council (WDC) System of Warranties (SoW) has entered a public review period following the completion of an industry review.

The SoW review and reform process is part of the WDC Strategic Plan and is intended to help industry participants better implement and demonstrate commitment to responsible business conduct when buying or selling rough and polished diamonds, the Council said.

Signet Sales Rise, Reports Big Loss, But Market Happy With Stabilizing Sales

Signet Jewelers reported total sales were $1.5 billion, up 5.5%, in the 13 weeks ended May 5, its fiscal 2019 first quarter.

Total same store sales performance was down 0.1% versus the prior year quarter, however.

'LabDirect Program' Launched by HRD Antwerp And Gem Lab

HRD Antwerp and Gem Lab, a division of Malca-Amit Group, have launched a service whereby Gem Lab becomes an authorized ‘HRD Antwerp LabDirect Program’ participant.

China Slashes Import Tariffs on 18 Jewelry Categories

China is reducing import taxes on jewelry, as part of tariff reductions on a wide range of consumer goods, from July 1.

ABN AMRO Says Lightbox Aimed at Protecting Revenues From Mined Diamond Sector

ABN AMRO Bank, which has long been a major financier of the diamond and jewelry trade, has issued a detailed report on De Beers' decision to launch a laboratory-grown diamond jewelry brand called Lightbox.