Headlines

Sarine Publishes Q1 Profitability Guidance and Industry Conditions Update

Sarine Technologies Ltd, a worldwide leader in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing, grading and trading of diamonds and gems, wishes to update its investing public as to the Group’s revenues and profitability for Q1 2019.

Nancy Liu To Become Forevermark CEO

De Beers Group announced that Nancy Liu will become the new Forevermark CEO, stepping up from her current role as COO and taking over the day to day responsibility for the leading diamond brand.

Stephen Lussier, Executive Vice-President of Consumer & Brands for De Beers Group, will continue to oversee the strategic role Forevermark plays within the Group’s brand portfolio as Forevermark Chairman. However, by stepping away from the day to day accountability for Forevermark, Stephen will be able to increase his focus on shaping De Beers Group’s strategy at the consumer level.

Fifth Mediterranean Gem and Jewellery Conference to take place in Cyprus in May

Organizers of the Fifth Mediterranean Gem and Jewellery Conference (MGJC) are putting the final touches to the event which this year takes place from May 17-19 in Limassol, Cyprus.

Presidium Seeks Reviewers For Its Solution To Diamond Identification Issue

As diamond suppliers, manufacturers and retailers are warned to improve transparency to consumers around lab-grown and natural diamonds, Presidium, an industry-leading manufacturer of diamond and gemstone testing devices, is seeking industry reviewers for its ASSURE-certified Synthetic Diamond Screener (SDS II).

Presidium’s SDS II is a portable, affordable option for companies that want to ensure that the diamonds they sell are clearly identified as either mined or lab-grown. It has been awarded the coveted ASSURE Tested Certification Mark and is the only ASSURE diamond verification instrument that retails for less than US$1,000 and delivers 100% accuracy on the synthetic diamond referral rate. It is suitable for both loose and mounted stones, including melees as small as 0.02ct, and can detect lab-grown from mined diamonds in just two seconds.

De Beers' Cleaver – Sight 3 Shows Sales Are Stabilizing

De Beers sold rough diamonds with a provisional value of $575 million in the 3rd sales cycle (Global Sightholder Sales and Auction Sales) of 2019.

The miner reported confirmed sales of $496 million in the 2nd cycle.

Dates Set for 2020 International Diamond Week in Israel

The Israel Diamond Exchange has announced the dates for the next Israel Diamond Week in Israel (IDWI); it will take place from February 10 to 12, 2020.

ALROSA Sells $377 Million of Rough and Polished In March

ALROSA's sales of rough and polished diamonds in March increased to $377.1 million, an increase of $31.5 million or 9% against the previous month.

Rough diamond sales grew to $369.2 million (against $340.6 million in February 2019), polished diamond sales increased to $8 million (against $5 million a month earlier).

Historic Documents Tell Story of Cutting of Cullinan Diamond For Crown Jewels

The historic legal agreement that facilitated the cutting of the world’s largest diamond and created diamonds that form part of the Crown Jewels and the collection of Her Majesty Queen Elizabeth II is going up for sale in London later this month (30 April 2019).

Bonhams is selling the original manuscript copy, dated 29 January 1908, of the ‘Agreement for the Inspection of the Cullinan Diamond’ between the representatives of King Edward VII and London diamond brokers M.J Levy & Nephews. This document brokered the cutting of the 3,106 carat diamond – still the largest gem-quality rough diamond ever discovered – by the renowned Asscher Company in Amsterdam to create the nine principal Cullinan Diamonds that today form part of the Crown Jewels of Great Britain and the collection of HM Queen Elizabeth II.