Revelations and introspection
When WikiLeaks unveiled the treasure trove of U.S. State Department communications in 2010, reporters from all industries found something relevant to their area of reportage.
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Dorothée Gizenga – “Conflict diamonds started in artisanal diamond mining fields”
Dorothée Gizenga has been Executive Director of the Diamond Development Initiative since 2008. Each day, she continues the long-term battle to improve the living and working conditions of artisanal miners.
Opportunity, corner of wild gamble
Every single day we take chances. Some small, some dangerous, but inevitably, making decisions means taking risks. It’s a basic part of doing business and growing.
Hong Kong glitters with a thousand jewels for its Jewellery and Gem Fair
The 30th Hong Kong Jewellery and Gem Fair will open its doors on 11 September 2013. It’s a key event in the diaries of jewellery and fine jewellery professionals across the world that will set the tone for the diamond market over the coming months.
Rupee diamond manufacturers
The rupee’s dramatic slide this week, and in the months before, is forcing India to refine its place in the diamond market. India’s large manufacturers ought to prosper from the depreciating currency while its trading activity continues to be compromised.
Banks are the new market custodians
Sometimes the banks are the diamond traders’ best friend. Often there is a sense among diamond traders that the banks are not being generous enough with them, but in at least one instance, they are not just a friend, they are also lifesavers.
Thank god for deep desires
August is more than half way through. Vacationers are returning home from their summer time off, diamond traders in Belgium and Israel are back in their offices and Indian manufacturers are fulfilling their orders from the India International Jewellery Show in Mumbai.
Synthetic worries – are they justified?
The growing prevalence of lab-made diamonds is a source of great worry to Indian diamond manufacturers and wholesalers. During a recent visit to Mumbai, every manufacturer I spoke with except one asked about them.
Trading down
It makes sense that diamond prices should go down when the market declines. The fact is the diamond industry has been cautious this month due to weakened Chinese and Indian economic sentiment.
Americans are spending less on diamond jewelry
In the past decade, Americans spent less of their income on diamond jewelry.
Diamonomics
The diamond market is being greatly influenced by economic sentiment. A far cry from the supply-driven market that it once was, today, short-term diamond trading is largely driven by macroeconomic factors.
Rough forward contracts
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market.