Rubel & Ménasché, French diamantaire
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News from the Diamond Industry
Rio Tinto has announced that its Diavik Diamond Mine in Canada has produced 100 million carats of rough diamonds since it opened in 2003.
NPD Group data also shows that falling diamond prices don’t necessarily help retailer margins.
Diamond market overview Polished trading has been typically quiet for this time of year. Some traders reported a slight pick up on the back of inventory buying by retailers and dealers ahead of the JCK Las Vegas trade show early June.
The diamond industry stressed an urgent need for boosting consumer demand through effective marketing during the opening day of the World Diamond Congress (WDC) in Dubai on Tuesday.
Richemont’s jewelry sales in the past fiscal year jumped after strong demand outweighed a decline in appetite for watches.
Christie’s smashed the world auction record for a jewel as it sold the ‘Oppenheimer Blue’ diamond ring for $57.5 million (CHF 56.8 million) in Geneva on Wednesday.
Press release - The Government of the Republic of Namibia and The De Beers Group of Companies today signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds. The sales agreement is the longest ever signed between the two partners.
The topic of financing, which is crucial to diamond manufacturers and traders, was discussed in great depth on the second day of the 37th World Diamond Congress in Dubai on May 18, 2016
Geneva - A “rare and exceptional” fancy vivid pink pear-shaped diamond sold for $31.6 million, or about $2.1 million per carat, at Sotheby’s Geneva.
Diamond market overview Traders reported healthy underlying demand from retailers in the main US market and mainland China. Some manufacturers cautioned that an increase in polished supply from production in the first quarter could cause a renewed build up in the cutting centres.