Russian diamond mining company Alrosa has begun operations at its Udachny mine, and said it expects it to become one of the largest underground diamond mines in Russia and worldwide, eventually providing more than 5 million carats of diamonds per year.
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Advanced Chemical will hold its 4th annual John Venditti Memorial Scholarship Golf Tournament on Sept. 20, proceeds of which benefit the American Heart Association and academic atheltes.
Videos of popular keynote addresses and featured sessions from the American Gem Society’s Conclave conferences are now available to the industry for free with Conclave On Demand.

At CIBJO’s recent Sustainable Pearls Forum, President Gaetano Cavalieri emphasized the need for a comprehensive approach to achieve sustainability in the cultured pearl sector, one that focuses on economic, environmental and social responsibility.
Russian diamond miner Alrosa saw revenue increase more than 40 percent in the first quarter, although net profit fell slightly year-over-year.
Lisa Bissell has been named president and CEO of lab-grown diamond company Gemesis Inc., effective immediately.
After receiving shopper feedback that the previous policy was confusing, Target announced Monday that it will begin offering free standard shipping on nearly all orders over $50.
As it struggles to compete with fast-growing rivals, Coach Inc. will close a number of full-line stores next year and revamp the brand’s outlet business, the company said during its recent analyst and investor day.
Sterling Jewelers Inc. has announced a new hire as well as the promotions of two existing employees.
Everybody loves a mystery, and there is something particularly tantalizing about one that will never quite get solved.

A California-based company said it is releasing a new 3-D printable material for jewelers called FireCast Resin, a consumer-grade resin compatible with more affordable printers and made specifically for casting metal parts.

A 30-carat yellow diamond expected to garner up to $2 million sold for only $500,000 at a Canadian auction house on Sunday, possibly due to the fact that it lacked a grading report.
Chopard confirmed that Marc Hruschka, who has served as president and CEO of Chopard USA Ltd. since 2006, has left the company but did not provide further information on its search for a successor or who will be leading the U.S. business in the meantime.
July 2, a week from today, will mark the midway point of 2014. There will be exactly 183 days behind us and 182 more to go.
The World Gold Council plans to hold a forum July 7 in London to discuss reforming and updating the London Gold Fix, the twice-a-day setting of the gold price that serves as an informal benchmark for the metal’s price worldwide.

Be discreet about vacation plans. Don’t let mail pile up at the store. These are just two of the vacation safety tips provided by David Sexton, vice president of loss prevention consulting at Jewelers Mutual.

Gemological Institute of America President and CEO Susan Jacques will moderate a panel on how to be successful in today’s market at the GIA’s upcoming career fair, scheduled for July 28 in New York.
Lab-grown diamond company Scio Diamond Technology Corp. has another new CEO at the helm following the recent termination of Michael McMahon.
J.C. Penney Co. Inc. announced Monday that it has closed on a new $2.35 billion credit facility, a deal that hints at some confidence from the banks in a performance turnaround for the retailer.

National Jeweler’s Editor-in-Chief Michelle Graff is among the nominees for the Women’s Jewelry Association’s 2014 Awards for Excellence, which will be presented with a twist this year.
A New Jersey jewelry store owner who allowed fake credit cards to be used for phony transactions in his store has pleaded guilty to his role in the scheme, according to the U.S. Attorney’s office in New Jersey.
The Texas Jewelers Association is partnering with the Israel Diamond Institute to bring a new diamond-buying opportunity to jewelers in the United States.
Four trade associations and the Richline Group sent a request to the Federal Trade Commission asking the body to allow jewelry made of metals recycled in this country to be labeled as “Made in America.”

The proposed $150 million sale of Hearts on Fire to Chinese retailer and manufacturer Chow Tai Fook underscores what many believe is the future of retail: It will be all about the brands.
In 2012, Christie’s Rahul Kadakia cracked open a case of extraordinary jewels that once belonged to Huguette M. Clark that were, as the story goes, kept in a bank vault untouched since the 1940s.