News

Shopping Malls Battling To Stay In Business In Changing Times

One of the great issues facing the US retail industry currently, and particularly in the light of growing Internet-based sales, is the future of shopping malls. Some analysts believe that the decline in the mall 'experience' is yet another repercussion of the financial crisis of 2008 and the huge recession that followed by turning many US consumers into necessity-based shoppers. Consequently, that did away with the need to spend a day, or even just an afternoon, impulse shopping at the mall which has America's 'public square' for the last 60 years. All across the United States are the sad remains of once-thriving shopping malls.

Canada Strengthens Position as World's No. 3 Rough Diamond Producer

It takes a long time to develop a diamond mine, with the figure usually given being about 15 years.

Will Political Changes Boost Southern African Diamond Output?

Since mid-2017, there have been significant changes in Southern Africa that could bring about changes to the continent's diamond output. After years of mismanagement, last February saw the resignation of South African President Jacob Zuma.

De Beers Launches Artisanal And Small-Scale Diamond Mining Program

De Beers is preparing to pilot a program called GemFair to create a secure and transparent route to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds.

In Surprise Move, Rosy Blue to Invest in Leo Schachter

Indian/Belgian diamond company Rosy Blue is to become a minority investor in Leo Schachter, the firms announced.

US Jewelry Businesses Continue to Shrink

There was a further reduction in the size of the American jewelry business in the first quarter of this year, according to figures from the Jewelers Board of Trade (JBT). with a 4% since a year ago.

Significant Drop in Belgium's Polished Exports

Belgian exports of polished diamonds fell 7% in March, the Antwerp World Diamond Centre (AWDC) reported. The country's polished diamond exports fell on the year to $1.09 billion and in volume terms were down 13% to 423,764 carats.

33 Ct Diamond Necklace Highlight of Sotheby’s New York Sale

Sotheby’s is to offer a 33.25-carat, D-flawless diamond pendant necklace with a high-end pre-sale estimate of $5 million at its Magnificent Jewels spring sale in New York next week.

Indians Sentenced for Attempted Theft of Sarine’s Intellectual Property

Israeli diamond and gemstone industry tech firm Sarine Technologies Ltd said two Indians who had tried to steal some of the company’s intellectual property last summer were convicted at the end of a court case that took place in Tel Aviv.

No Winner in ALROSA Competition For Resuming Mining At Mir

Russian diamond mining giant ALROSA has announced the results of the competition for proposals for the restart of mining at the Mir mine.

GDX: POLISHED DIAMONDS PRICES DECLINE IN MARCH

GDX: Polished diamond prices declined in March in the Israeli diamond center, softening by 0.8%

Crimes Against U.S. Jewelry Firms Rose 12% In 2017, Says Industry Group

The Jewelers’ Security Alliance (JSA) reports that crimes against jewelry companies in the United States rose by 12% to 1,394 in 2017 from 1,245 in 2016.