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The decision by the Indian government to force its citizens to convert half their foreign currency to rupee was another of a growing list of directives negatively impacting the diamond industry. The result is that 2012 is set to become an even more challenging year than expected for the trade.
The World Diamond Council this week voted in favor of discussing a change to the definition of conflict diamonds as described in the Kimberley Process Core Document. While not binding, it is a much-needed evolution. But will it actually result in any change?
When it comes to profit margins, the middle man always gets squeezed. From a diamond industry perspective, this is easily assessed with a quick look at the financial statements of companies operating in the various sectors along the pipeline.
A new Nintendo strategy game, soon to be released is made of common motifs: a somewhat real background, a series of activities to build your position – and behaviors that are unacceptable in the real world. Like many other such games, “Diamond Trust of London” builds on and preserves existing stereotypes. Unlike most other such games, […]
The Diamond Trading Company’s (DTC) May sight achieved an estimated value of $520 million. The De Beers distribution unit made slight adjustments on its prices, by increasing some boxes while decreasing others.
Gemologist extraordinaire Antoinette Matlins asked the following question in a forum this week, “Is the world of diamonds as you’ve known it about to change forever?” The answer is of course yes.
A recent TV news program reported a bankruptcy at the Israel Diamond Exchange (IDE). The reporter had very little information about the event, but finished the report with the statement, “This case too will be concluded behind closed doors… as usual with the diamond industry.” The only thing missing was a knowing wink that says, […]
Two trends have emerged at the start of the second quarter that will likely influence diamond trading for the remainder of 2012. One, rough prices have increased while the polished market continues to tread cautiously. Two, growth is being spurred by demand in traditional markets while the emerging markets are relatively restrained, thus reversing the […]
The diamond industry ended the first quarter of 2012 with a sense of relief. Trading has been steady but cautious and prices in March were relatively firm. While business has not been booming, it could have been worse. The preceding third and fourth quarter of 2011 certainly were.
April 2012 marks the beginning of a new era for Rubel & Ménasché. Welcome to www.rubel-menasche.com, the Parisian diamond specialist’s brand new website, which is designed not only to introduce the company and reflect its image, but also as a source of information for industry professionals.
Winter is over and spring is in full bloom. It’s a time of renewed growth, fresh beginnings and many changes. In London last week, DTC held the last Sight of the previous contract period. A new Sightholder roster is out, and with it a change in venue is around the corner. Most of the Sightholders […]
Is the diamond mining sector disintegrating? As the BHP Billiton diamond division goes through another round of bidding, Rio Tinto has announced that it too may offload its diamond division. The two are the second- and third-largest diamond miners, and the possible ownership change raises many questions, and concerns, in the diamond industry. First, how will […]