The diamond industry like so many came to halt. Rough prices are sliding among little mining and low demand. However, polished prices have not been as impacted for the time being. Canada mining in some financial trouble with Dominion Diamonds entering into solvency protection. However, they anticipate resuming mining operations when global markets reopen.
Diamond MarketFancy colored diamonds are breaking all records at auctions for price paid per carat. Blue and red diamonds are considered the most expensive natural gems by weight in the world.
Featured ArticlesThe jewelry industry, like so many, has been severely impacted by the virus. Conflicting reports have some claiming sharp declines in prices, others no real change. Mining companies have mostly closed down. With no rough surplus to push prices lower, prices are not decreasing yet, but could if the situation does not improve soon. Social media selling has been successful as a backup to many companies. Designers and custom jewelers are still buying, even if lower price points.
Colored Stone MarketThe market for natural fancy color diamonds experienced substantial growth during the past two decades. This market expansion resulted from a combination of increased supply and a well-organized marketing campaign that grew consumer demand for previously less desirable grades and colors.
Featured ArticlesEmeralds are a welcome business for Ethiopia. The recently discovered gemstone deposits in Ethiopia contribute to the utterly needed economic growth of this East African nation. A few years ago, during an interview on international TV, a…
*Free Featured ArticlesMelee diamonds may be the best example of the problem gemologist-appraisers face in this new struggle for gemological truth.
*Free Featured ArticlesThe jewelry industry has a chance to make a real difference in the health and quality of life for millions of artisanal gold miners, their families and communities. Metallic mercury is a permanent, potent neurotoxin that is increasingly pervasive in the global environment. We can take action to reverse this trend.
*Free Featured ArticlesTitanite, as it is known to modern mineralogists for its significant titanium content, was first recognized as a new mineral by the great German chemist Martin Heinrich Klaproth in 1795. Soon after its discovery, in 1801, the wedge-shaped crystals inspired the mineralogist Rene Just Haüy, the name bearer of mineral hauyne, to introduce the name “Sphene” after “sphenos,” meaning wedge in Greek.
*Gem Focus & Market Pulse (Free Subscriber)Since lab-grown diamonds are now produced by many manufacturers and the cost to produce varies, we find that there is often a greater range of pricing when researching.
Lab-Grown Diamond Price IndexAfter more than a decade, Greenlandic ruby has entered the market in commercial quantities. The combination of affordable pricing and traceable sourcing meet the needs of the current market climate. The flux healing of the…
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