Latest News

The Rapaport Diamond Trading Network announced that it will launch an updated version of its mobile application for the iPhone Sunday to allow RapNet members to more easily do business on the go. 
Mining company Gem Diamonds Ltd. announced Wednesday that it sold the 198-carat white diamond discovered in July for $10.6 million, a price that works out to more than $53,000 per carat. 
The 122.52-carat blue diamond recovered from the Cullinan mine sold for $27.6 million to a beneficiation partnership between the company that mined it, Petra Diamonds Ltd., and a “polishing partner” that wishes to remain anonymous.  
Diamond production rose 2 percent in the first half of the year for Rio Tinto Group, while higher diamond prices boosted earnings in the mining company’s Diamonds & Minerals group.
Alrosa reported a 13 percent increase in revenue from rough diamond sales in the first half of the year in a “positive” market where it said rough prices rose about 6 percent.
Mining company Lucara Diamond Corp. generated more than $40 million at its recent tender of high-quality rough diamonds from the Karowe mine, which consisted of 16 single-stone lots. 
Russian diamond miner Alrosa saw revenue increase more than 40 percent in the first quarter, although net profit fell slightly year-over-year.  
Though diamond prices were stagnant, the volume of rough sold by Alrosa in 2013 was enough to offset it, resulting in increased year-over-year sales. 
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.