Jimena Navarrete of Mexico was crowned Miss Universe 2010, receiving a diamonds Nexus Labs’ crown, featuring over 1,000 lab-created jewels, and accented by flawless cultured rubies to represent Miss Universe’s tireless campaign to promote HIV/AIDS awareness and education. The crown is set with 1,371 gemstones, weighing a total of 416.09 carats. It contains 544.31 grams [...]

A new exhibition of jewelry, cameos and artifacts carved from gemstones will open at the Harry Oppenheimer Diamond Museum here next month. Entitled “And thou shalt breathe life into a gem”, the exhibition is based on the work of master carvers in Idar-Oberstein, Germany, and is the result of cooperation with the Deutsches Edelsteinmuseum there. [...]

According to preliminary results, in Q2 2010 the core product sales by ALROSA amounted to $997 million, of which $249.1 million were contributed by sales to the domestic market and $747.9 by export sales. In H1 2010 rough diamonds sales totaled $1.9 billion, of which sales through long-term contracts accounted for 31%. Sales of rough [...]

The US jewelry retail industry includes about 28,000 specialty stores with combined annual revenue of about $30 billion is the subject of a new report by Research and Markets. Major companies include Zale, Tiffany, and Sterling Jewelers. The industry is fragmented: the top 50 jewelry chains generate less than half of revenue. COMPETITIVE LANDSCAPE Jewelry [...]

Tiffany & Co. (NYSE: TIF) has reported that its worldwide net sales rose 9% in the second quarter ended July 31, 2010, with solid growth in most regions. A higher operating margin also contributed to a 19% increase in net earnings in the second quarter; net earnings from continuing operations adjusted to exclude nonrecurring items [...]

Diamond jewelry retailer Tiffany & Co. today announced that tennis champion Maria Sharapova will wear earrings from Tiffany’s new collection of dazzling yellow diamonds at the 2010 US Open, August 30–September 12, at the USTA Billie Jean King National Tennis Center in Flushing, New York. Tiffany’s yellow diamonds are among the rarest and most sought-after [...]

Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council (“WGC”) said. According to the WGC’s Gold Demand Trends report for Q2 2010, published today, demand [...]

Peregrine Diamonds Ltd. has reported the recent discovery of six new kimberlites at the Chidliak project (“Chidliak” or “the Project”) on Baffin Island, Nunavut, Canada. The new discoveries bring the total number of kimberlites discovered to date on the Project to 38. Three of the new kimberlites, CH-33, CH-35 and CH-36, were discovered at surface [...]