Lucapa Diamond Company is set to invest AUD 25 million ($16 million) in a production plan for its Merlin mine in Australia, which is expected to yield up to 314,000 carats over the next five years.

The global diamond industry once again finds itself at a crossroads, and while the need to curb conflict diamonds and ensure ethical sourcing remains paramount, the European Union’s proposal for a ...

Hong Kong-based jeweler Luk Fook closed 175 stores in China and Hong Kong in the fiscal first half as rising gold prices hit revenue and earnings. Weak demand for diamond jewelry also hurt sales, with ...

Macy’s has delayed its final earnings release while it completes an investigation into falsified delivery expenses linked to an employee who hid between $132 million and $154 million. The retailer ...

A ring with a 43.15-carat yellow diamond is set to lead an upcoming jewelry sale at Phillips, where it is expected to fetch up to $850,000. The piece features an Old European brilliant-cut, ...

Bonhams will offer a Tiffany & Co. emerald and diamond ring at its upcoming New York Jewels auction, giving it a price tag of up to $550,000. The ring contains an emerald-cut, 9.27-carat Colombian ...

Hong Kong jeweler Luk Fook expects profit to be down by 50% year on year in its first fiscal half. The drop is the result of a “significant” increase in losses from gold hedging, while sales of the ...

The latest episode of Rapaport’s GEMTalks focused on the how the jewelry industry can and should talk to consumers about natural and lab-grown diamonds. Dr. Ulrika D’Haenens-Johansson, senior manager ...

De Beers has launched a new marketing campaign, “Forever Present,” to boost demand for natural diamonds during the US holiday gifting season. The campaign, which reintroduces the iconic “A Diamond is ...

Giving jewelry as a gift for the holiday season will be most popular among Gen Z shoppers, according to a recent survey by the National Retail Federation (NRF). “Younger shoppers continue to embrace ...

The Gemological Institute of America (GIA) added two new members to its board of governors at a recent meeting in Carlesbad, California. Lisa Bridge, president and CEO of Ben Bridge Jeweler, and Dr.

The Antwerp Would Diamond Centre (AWDC) has criticized a recent press release from the National Bank of Belgium (NBB), stating that it presented a “highly misleading” view of the nation’s diamond ...