WFDB's Asian Summit/Executive Committee Meeting Set To Be Well Attended

The WFDB's Asian Summit/Executive Committee meeting is set to be well attended, featuring a wide range of representatives.

Diamond Dealers Club Comments on Revised FTC Guidelines

The Diamond Dealers Club of New York said it is working closely with other industry organizations to address the changes going forward in the Federal Trade Commission's (FTC) revised Jewelry Guide, which governs, among other things, the marketing and description of diamonds, jewelry, and colored stones.

Annual GIA Global Leadership Program for Industry Executives Takes Place at Harvard

Industry executives convened in late June for the GIA’s Global Leadership Program at Harvard Business School (HBS).

The annual program in Cambridge, Massachusetts offers a unique opportunity for gem and jewelry executives to explore innovative solutions to industry challenges using the renowned HBS case study method, the GIA said.

Gem Diamonds Uncovers 100.5 Carat, Type IIa Diamond

Gem Diamonds Limited has recovered a 100.5 carat, top white color Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.  

Swatch Quits Baselworld in Blow For As Trade Show

Renowned Swiss watchmaker Swatch Group will no longer exhibit at the annual Baselworld watch and jewelry trade fair.

“The Swatch Group has decided not to be present at Baselworld from 2019,” Swatch CEO Nick Hayek was quoted as saying. Traditional annual fairs have lost their relevance in a more transparent and fast-paced world, he commented.

De Beers Total Revenue in H1 in Line With Year-Earlier Figure

De Beers' total revenue in the first half of 2018 of $3.2 billion was in line with the corresponding period last year ($3.1 billion), while rough diamond sales were maintained at $2.9 billion, said the miner's parent company Anglo American.

10% Decline In Bank Finance To Hit Gem And Jewelry Exports, Says India's GJEPC

India's Gem & Jewellery Export Promotion Council (GJEPC) has said that the 10% decline in bank finance to the gem and jewelry sector over the last few months will adversely impact exports from the industry this year.

No Buyer, So De Beers Closing Voorspoed Mine

De Beers Group has announced that the De Beers Consolidated Mines Proprietary Limited (DBCM) Board will close and rehabilitate the Voorspoed mine in the Free State Province in South Africa.