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WITH EMERGENCY TRAVEL RESTRICTIONS IN PLACE, DIAMOND MINERS LOOK FOR SOLUTIONS

With international air travel reduced to a bare minimum as a result of the COVID-19 coronavirus, and an increasing number of countries allowing entry only to citizens and other legal residents, rough diamond mining companies are being forced to consider new alternative operating procedures in a sector where typically buyers have traveled in to examine good visually before purchasing them.

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THE FANCY COLORED DIAMOND DECADE, AS AVERAGE VALUE RISES BY 77 PERCENT

The past decade was a good one for those who invested in fancy colored diamonds. According to Fancy Color Research Foundation (FCRF), which last week published an analysis of the Fancy Color Diamond Index (FCDI) in 2019 and over the last decade. During the years 2010 to 2019 the general index showed a steady market price increase of 77 percent.

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THE RISE OF THE MICROBRAND: HOW THE MINNOWS MAY SWIM WITH THE WHALES

On February 3, 2020, the shareholders of Tiffany & Co. made official what had already been announced on November 24 last year, as they voted in favor of a takeover by the luxury giant LVMH Moët Hennessy-Louis Vuitton for $16.2 billion, or $135 per share in cash. And so, America’s most iconic diamond jewelry brand came under the umbrella of a group that already owns names like Louis Vuitton, Givenchy, Celine and Bulgari.

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LUXURY MARKETS RATTLED BY CORONAVIRUS IN CHINA

The coranavirus, the epidemic which at time of writing is largely contained to China but has already traveled to a number countries on all five continents, is rattling the luxury product markets. Comparable to the SARS epidemic that first struck in the same part of the world in 2003 and 2004, its global economic effects are likely to be larger because China’s share of the global economy is considerably bigger today, and also because economies are much more interlinked than they were 17 years ago.

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HIGH-END SWISS DIAMOND JEWELRY COMPANY GOES BELLY UP AS ONE OF AFRICA’S WEALTHIEST COUPLES FACE GRAFT CHARGES

Within the most exclusive echelons of diamond jewelry collectors the name De Grisogono was something of an enigma. A Geneva-based jewelry house, it had been founded in 1993 by former Bulgari executive, Fawaz Gruosi, an Italian of Lebanese origin. At the time he promised customers an offering of exclusive works of art and black-diamond jewelry. The company’s name, which is rooted in both the Latin word “Chrysogonus” and the and Greek word “Chrysogonos,” means “begotten of gold”.

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