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06/05/2022
• Robert Bouquet
Russia’s status as a leader in the jewellery industry has been one of the most talked about issues of 2022 in the wake of the invasion of Ukraine in February. ROBERT BOUQUET provides an update on the current trading environment.
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29/04/2022
• Samuel Ord
The world’s largest blue diamond, the De Beers Cullinan Blue, has been sold at auction for $US57.47 million ($AU80.96 million) at Sotheby’s in Hong Kong.
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18/04/2022
• Richard Chiu
Colour diamonds dominated the Christie’s New York ‘Magnificent Jewels’ auction last week, led by the 8.8-carat pink diamond dubbed ‘The Fuchsia Rose’ which was sold for $US6.7 million ($AU9.1 million).
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15/04/2022
• Richard Chiu
The 205-carat fancy yellow diamond dubbed the “Red Cross Diamond” will be auctioned next month, and is expected to fetch around $US10.7 million ($AUD14.41 million).
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10/04/2022
• Richard Chiu
In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
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03/04/2022
• Richard Chiu
A billion-dollar bilateral trade agreement has been reached between India and Australia which is expected to boost the trade of gems and jewellery between the two countries.
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30/03/2022
• Samuel Ord
Rough diamond prices have reportedly fallen after months of frenzied purchasing. The diamond industry was considered a surprise winner as the global economy rebounded from the COVID-19 pandemic and in 2021, rough diamond prices rose by more than 20 per cent after copping significant hits in 2019 and 2020.
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29/03/2022
• Samuel Ord
Russian diamond mining juggernaut Alrosa has been directly sanctioned by the UK government in the latest round of economic sanctions imposed in response to the invasion of Ukraine.
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28/03/2022
• Richard Chiu
A 228.31-carat pear-shaped white diamond, dubbed ‘The Rock’, is expected to fetch around $US30 million ($AU40.50 million) at Christie’s Luxury Week tender in Geneva on 11 May.
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21/03/2022
• Richard Chiu
Diamond Foundry, a US company manufacturing lab grown diamonds in California, has announced it will take legal action against the United States Trade Office.
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21/03/2022
• Robert Bouquet
The Ukraine conflict and the resulting sanctions on Russia have had a major impact on the international diamond industry. ROBERT BOUQUET analyses the effect on the distribution pipelines and what’s in store for the jewellery sector.
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21/03/2022
• Richard Chiu
Russian mining company Alrosa has resumed exporting rough diamonds to India despite economic sanctions being placed on the country by the US and EU.
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17/03/2022
• Richard Chiu
The European Union has announced a fourth round of economic santions on Russia following the invasion of Ukraine in late February, and among the restrictive measures is a ban on the importartion of luxury items such as diamonds and jewellery.
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