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Predictions 2021
What to Expect in the Industry This Year
Three industry insiders share their predictions for the diamond and jewelry trade in 2021.Elle Hill CEO of industry consulting firm Hill & Co. While many bemoan 2020 as a year they would like to forget,...
Polished Markets Jan 14, 2021 Leah Meirovich
Lucapa Mothae 140
Lucapa Puts Lesotho Mine on Lockdown
Lucapa Diamond Company will temporarily close its Mothae mine in Lesotho during a 14-day nationwide lockdown.Starting Thursday, the company will put the deposit on care and maintenance for two weeks to ensure the health...
Mining Jan 14, 2021 Leah Meirovich
Liqhobong mine Firestone 140
Firestone Faces Uncertain Future
The continued operation of Firestone Diamonds is in question amid an extended shutdown of its mine in Lesotho and heavy debt.The miner will keep its Liqhobong deposit closed until it can work out a deal to restructure the more...
Mining Jan 13, 2021 Leah Meirovich
Engagement Ring Sales 140
Independent Jewelers Report Strong Bridal Sales
Independent jewelry retailers in the US noted solid sales over the holiday period, as consumers had more disposable income and more couples got engaged.“Sales were fantastic,” said Eva-Michelle Spicer, owner of Spicer Greene Jewelers...
Retail Dec 31, 2020 Leah Meirovich
Letlapa Tala Petra new 140
The Most Buzzworthy Diamonds of 2020
Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
Polished Markets Dec 30, 2020 Leah Meirovich
Lucapa Mothae Safdico 140
Graff Unit Purchases Shares in Lucapa
Graff subsidiary Safdico has purchased a substantial number of shares in Lucapa Diamond Company as part of the miner’s bid to raise money for the expansion of its Mothae deposit.Lucapa shareholders approved the sale of 6% of company stock to diamond...
Mining Dec 29, 2020 Leah Meirovich
Argyle Pink Tender 150
Argyle Pinks Break Records After Mine Closure
Rio Tinto achieved record value at its 2020 Argyle Pink Diamonds Tender, with bidders raising their offers for the stones following the mine’s closure.There were 62 pink, red, blue and violet stones...
Mining Dec 20, 2020 Leah Meirovich
Synova 150
Fancy Shapes Get Automation Boost
Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes. The company, which is part-owned by De Beers, unveiled the DaVinci Diamond Factory last year at the Dubai Diamond Conference. Synova...
Manufacturing Nov 23, 2020 Leah Meirovich
Signet Jared James Allen store 150
Signet to Co-Brand Jared and James Allen
Signet Jewelers will offer James Allen products in nearly half of its Jared stores through a new, dual-branded model.The Jared + James Allen locations are part of the jeweler’s efforts to reposition Jared as a more exclusive, luxurious...
Retail Nov 03, 2020 Leah Meirovich
Argyle Closure
Rio Tinto Ends Mining at Argyle
Rio Tinto will dig the last diamonds up from the ground at its Argyle deposit in Australia on Tuesday, marking the end of an era in the industry.The company will continue to sift through ore at the adjacent processing...
Mining Nov 02, 2020 Leah Meirovich
Blue Nile Lightbox 150
Blue Nile to Sell Lightbox Lab-Grown Diamonds
Blue Nile has launched an exclusive line of Lightbox lab-grown diamond jewelry, its first foray into synthetics in its 21-year history.De Beers-owned Lightbox seemed like the obvious choice for a partner, given the alignment...
Retail Oct 29, 2020 Leah Meirovich
Dominion Ekati 150
Dominion in Flux as CEO Resigns
Patrick Merrin has stepped down as interim CEO of Dominion Diamond Mines, deeming it “appropriate” to focus on his position at the rough producer’s parent company.Merrin, who is chief operating officer at the Washington Companies, took on the lead...
Mining Oct 20, 2020 Leah Meirovich
Petra restructure 150
Petra Lenders Take Majority Control of Company
Petra Diamonds has called off its formal sales process, as its lenders have acquired majority ownership in the company in exchange for writing off sizeable debts.The groups reached the agreement following discussions on a long-term...
Mining Oct 20, 2020 Leah Meirovich
RetailRap 150
How a Client Advisory Board Can Help Your Store
The days when brands made all their business decisions on their own are gone. With bigger competition, tougher economic challenges, and the increasingly scary potential of coming across as tone deaf in marketing campaigns,...
Retail Oct 13, 2020 Leah Meirovich
Lucapa Mothae 150
Lucapa to Sell Mothae Rough Privately
Lucapa Diamond Company will sell rough from its Mothae mine in Lesotho directly to diamantaires through private partnerships, allowing it to secure higher prices for its production, it said Wednesday.The new sales channel was approved...
Mining Sep 09, 2020 Leah Meirovich
RetailRap Sept 150
How to Redesign Stores so Customers Feel Safe
Getting customers to shop post-lockdown has been difficult given financial constraints, and the fear of catching Covid-19 while out has only added to that challenge. While customers prefer shopping in physical stores, they will...
Retail Sep 07, 2020 Leah Meirovich
Rio Tinto Argyle Pink Tender 150
Rio Tinto Kicks Off Penultimate Pink Tender
Rio Tinto will offer a record-breaking diamond at its penultimate pink-diamond tender as it prepares to close the Argyle mine.The 2.24-carat, fancy-vivid-purplish-pink diamond, known as Argyle Eternity, will headline the Argyle Pink Diamonds Tender, which has...
Polished Markets Sep 03, 2020 Leah Meirovich
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
July RetailRap 150
How to Market Jewelry During the Pandemic
Is it appropriate for jewelers to market during the pandemic?Yes, now is when jewelers need business the most. I think it’s the perfect time to increase marketing and market share. There are many jewelers that aren’t...
Marketing Aug 05, 2020 Leah Meirovich
Rio Tinto
Rio Tinto Grants Rough Buyers Flexibility
Rio Tinto has given customers flexibility with their rough purchases since the Covid-19 crisis began, allowing them to buy only what they needed.“We provided full flexibility for all our customers and...
Mining Jul 28, 2020 Leah Meirovich
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