Diamond News Archives

(IDEX Online) - Pandora is urging women to buy their own lab grown diamonds, in a campaign fronted by "champions of self-empowerment" - Rosario Dawson and Ashley Graham.

The Danish jeweler has ditched all mined diamonds and pledged to use only recycled silver and gold.

Dawson, 43, (pictured) the US actress best known for the Sin City movies, and Ashley Graham, 34, the US supermodel, entrepreneur and TV presenter, are promoting the new Diamonds by Pandora collection in the U.S. and Canada.

"Rather than waiting for traditional gifting moments or for someone else to purchase a diamond, Pandora encourages women to instead celebrate their own milestones of modern womanhood: such as graduating with a master's degree, getting a promotion at work, or moving to a new city," says Pandora.

The 33-piece lab grown collection is priced $300 to $1,950....

(IDEX Online) - The Dubai Diamond Exchange (DDE) has reported a record $19.8bn of trade in the first half of 2022. 

In February it claimed it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021. 

And its H1 2022 figures for polished trade show a year-on-year rise of over 52 per cent, to $6.7bn. 

The most up-to-date figures from Antwerp, with a history of diamond trading that dates back to the 15th century, show total trade during 2021 of $37.2bn. In a press release issued at the time, it didn't provide a breakdown between rough and polished. 

DDE, founded in 2002 as part of the Dubai Multi Commodities Centre (DMCC), reported an overall increase in year-on-trade for H1 2022 of over 24 per cent. 

"In the early 2000s, Dubai was neither a producer nor a known destination for diamonds," said Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC. It had, he said, since become "the largest, and fastest growing hub" in the world.

Pic courtesy DMCC....

US home price growth is decelerating as The Federal Reserve let’s some of the air out of the monetary tires.

Jay “the inflation we caused is transitory” Powell finally did it. On Friday, the Fed Chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot” to cut interest rates until inflation slows meaningfully and persistently — even if the stock, bond and housing bear markets become much worse and the economy goes into...