From the end of the 15th century, the city of Antwerp took the diamond cutting industry over from Bruges. Antwerp had new commercial and communications facilities, making the city an ideal place for the diamond trade. In 1498, Vasco da Gama’s journey from Lisbon to India opened a brand new trade route linking Lisbon and Antwerp, making the Venice-Bruges route obsolete.
Diamond dealers are failing to protect themselves against diamond swapping, and are instead waiting until an expensive loss occurs before taking action, equipment suppliers have warned.
Claims against Omega Diamonds by customs dismissed
Jewelry brand Botier gave the traditional engagement ring a complete make-over. And with success, because Marina Botier’s unique designs grew rapidly to become an Instagram hit.
Lucara Diamond Corp.’s sales and profit fell in the second quarter amid lower-quality production from its Karowe mine and a drop in the average price.
The Alpha and Omega of the diamond business history and some savvy expertise
Revenue at Gem Diamonds rose in the first half of the year as higher recoveries of large stones boosted the average selling price.
Greater China luxury sales such as jewelry and other luxury items rose in the first half of the year amid continued positive consumer sentiment and increased tourism to Hong Kong.
"De Beers thinks that it's new Lightbox laboratory diamonds will not harm the sales of cheaper diamonds, which are mostly used in fashion jewelry,"
Much has been said about the journey rough diamonds take from mine to market, particularly as the industry is increasing its provenance claims and tracking goods along the pipeline. While an estimated 80% to 90% of diamonds are cut and polished in India, they’re typically not sent directly from the mining centers to the factories.