Indian gold coins and medallions exports spike amid gem and jewellery trade decline - GJEPC

India's Gem & Jewellery Export Promotion Council (GJEPC) summed up the results of October sales and, in general, the last seven months - from April to October.

Yesterday

Endiama: Catóca considering going underground

Angolan state-owned diamond miner, Endiama says its 41%-owned Catóca mine is thinking about expansion underground, according to the company director of mining operations and joint venture management Miguel Vemba.

Yesterday

Diamonds now contribute 5.5% of UAE non-oil trade

Diamonds are now contributing 5.5% of the United Arab Emirates non-oil trade, according to a senior government official.

Yesterday

Russian jewelry market volume amounts to 312 billion rubles in January-September 2024

According to the SOKOLOV Analytical Center, in the first 9 months of 2024, the Russian jewelry market grew by reached 26.3% compared to the same period last year to 312 billion rubles ($3.16 billion).

Yesterday

Interaction between business and indigenous peoples discussed at COP 29 conference

At the UN Climate Conference (COP 29) taking place in Baku, international experts discussed the issues of interaction between businesses and indigenous peoples.

12 november 2024

Fancy Color Diamonds – Appreciation or Profit? How to manage expectations

27 april 2018

(fcresearch.org) - The recent $9 million lawsuit made by New Orleans Saints quarterback Drew Brees created a serious buzz in the diamond and jewelry community. Following the news, we received endless inquiries from jewelry stores, wholesalers and investment companies asking the FCRF to shed some light on the subject, with a particularly high volume of queries focused on strategies for meeting expectations when purchasing a fancy color diamond as an investment. According to a lawsuit filed on April 2nd, Mr. Brees claims that a San Diego retailer did not “act in good faith” by selling him $14,535,004 worth of “investment grade” fancy color diamonds over the course of a decade with an allegedly unreasonable profit margin. An independent appraiser evaluated the jewelry at $6.5 million.