Rio Tinto and BHP Billiton Un-Friend Diamonds…and Other Jewelry News

By Erika W.

Some of the latest stories in diamond and jewelry news…

Bloomberg: Rio, BHP Lose Faith in Diamonds Even as Prices Rise: Commodities

Rio Tinto Group (RIO) and BHP Billiton Ltd. (BHP) are looking to exit the diamond industry even as prices head for a fourth year of gains, because they see little prospect of repeating the dominance they hold in iron ore.

A selection of rough diamonds, produced by De Beers
Image: De Beers Group via Bloomberg

JCK: Appeal Filed in De Beers Antitrust Case

As expected, objecting lawyers have taken their issues with the De Beers antitrust settlement all the way to the Supreme Court.

IDEX: KP Compliance Training and Jewelry Certification at Vicenza

Ways of tracking and labeling jewelry as manufactured and traded in an ethical manner will be examined at a high-level seminar taking place on the sidelines of two global meetings in Vicenza, Italy in May.

Israeli Diamond News: OGISystems LTD assimilated a new Symmetry technology in several labs around the world

OGI Systems, the leading global company for technological solutions to the diamonds industry, recently began assimilation of a unique technological solution for automatic symmetry grading of Round Brilliant diamonds…

Rapaport: U.S. Consumer Confidence Improves in March 2012

U.S. consumer confidence rose 11 percent year on year to 70.2 points in March, according to The Conference Board. The ring bearer: N.J. man able to give his gift to girlfriend six decades later

A starving Polish jeweler, liberated from a Nazi concentration camp by soldiers from Gen. George Patton’s Third Army, asked Pvt. Dave Kershaw if he’d like him to make duplicate “pre-engagement” rings from two U.S. silver dollars…

JCK: Social Media: The Dark Side

Last week’s post about social media drew some great comments, with most promoting the good side of social networking for jewelers. To give a fully rounded picture, I wanted to address some of the pitfalls as well…

More Diamond and Jewelry News:

All About The World’s First All-Diamond Ring

Fabergé to Launch Online Boutique on April 16

Dana Schneider’s Mockingjay Pin for ‘The Hunger Games’

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