Inevitable diamond ethics
The Diamond Source Warranty Protocol, launched this week by various U.S. trade organizations, is a step in the right direction in that diamond suppliers need to guarantee the authenticity of the goods they are selling.
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A warranty of discontent
It was only a month ago that we warned that governments might set regulations restricting diamond imports and trade. The issue was driven by a sense of frustration that Kimberley Process (KP) reform was not advancing and, as a result, alternative solutions might be produced to bypass the impasse.
Defining De Beers
With their Diamond Trading Company (DTC) boxes in one hand and Philippe Mellier’s letter in the other, sightholders appeared more interested in their rough allocations at last week’s sight than what the De Beers chief executive had to say.
DTC october sight estimated at $750M
De Beers sold an estimated $750 million worth of rough diamonds at the Diamond Trading Company (DTC) October sight this past week, while maintaining prices relatively stable.
Commodity or love – You be the judge
Diamonds are touted as the ultimate symbol of love – beautiful, everlasting and precious. A cynic may add rare to this list. From “A diamond is forever,” to “Every kiss begins with Kay,” the association with love has always been a key component of marketing diamonds. This association is so strong that diamond traders – […]
Myths vs realities: from the trillion carats ‘find’ to De Beers changes
A local TV gossip program has a section called “So True/Totally Not.” In it, they confirm or refute gossip stories about celebrities. I was reminded of the segment because we keep getting questions about the report of a mega-diamond resource supposedly found in Russia’s frozen Siberia region. It is interesting, and occasionally sad, to see […]
Demand driven diamonds
De Beers is talking up the market and downplaying its production, as one expects it needs to do in the current economic environment. And it is not alone, as other miners follow suit.
Celebrating chinese buyers kill Hong Kong fair
The September Hong Kong Jewellery & Gem Fair closed without providing the kind of high demands for loose diamonds that everyone had secretly hoped for. So what did happen at the show, and why was demand lower than anticipated? Traders arrived at the fair knowing exactly what they wanted to buy, with almost no one […]
Hong Kong show reflects low-level Far East demand
Diamond trading at the Hong Kong Jewellery & Gem Fair reflected a steady, but lower level of Far East demand, mirroring trends in the global market this year. Polished suppliers have accepted that demand has declined in 2012 and were satisfied that some business was done at the show.
Government supervision of polished diamonds? Maybe so
What will happen if the U.S. decides to place barriers on polished diamond imports? What if Canada or the European Community decide that to let a polished diamond cross their border, it needs to first carry some sort of proof that it meets an ethical standard? Is it at all possible that these consumer markets […]
De Beers maintains low diamond supply
DTC unable to meet short term sightholder demand. De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier.
The Jewelry and Gem Fair lights up Hong Kong
From September 19 to 25, Hong Kong will adorn itself with a thousand gems for the 29th “September Hong Kong Jewellery & Gem Fair”. Could this be an opportunity to sound out the diamond market for the coming months?