The ‘different schema’ of the millennial shopper
New Orleans – Understanding how millennials work can help retailers reach them, and one seminar at the American Gem Society’s Conclave 2015 helped to identify just who these consumers are.
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Botswana diamond industry facing tough times
There is trouble ahead in Botswana, despite the country’s promise as a major diamond manufacturing sector. A number of companies in the country have either shut their doors or laid off staff since the end of last year.
Rethinking the diamond model
Sometimes, connecting figures in ways in which they are not usually put together can highlight a great truth – a truth hiding in plain sight. Most people who follow the diamond industry already are familiar with the following figures.
Dubai Diamond Conference to highlight industry financing
The Dubai Diamond Conference, which takes place from April 21-22 at the Dubai Diamond Exchange (DDE), will be running a panel on industry financing.
LVMH sees growth in first quarter revenue
Paris – With “excellent momentum” in the United States and Europe, LVMH recorded a 16 percent increase in first quarter sales, or 3 percent with comparable structure and constant exchange rates.
Chanel to sell fine jewelry collection on Net-A-Porter
Chanel, which until now has resisted e-commerce for all of its products save makeup, has partnered with Net-A-Porter to sell a new fine jewelry collection during a three-week pop-up on the luxury e-commerce site.
Fujairah National Bank adds diamond funding focus
The National Bank of Fujairah (NBF) has announced its willingness to enter the diamond industry funding arena.
Polished diamond prices soften again in March
New York – With demand weak both last month and in the first quarter of the year, the price of polished diamonds of all sizes were down in March, according to Rapaport’s RapNet Diamond Index.
Tiffany & Co. appoints Costa Chief Sustainability Officer
Tiffany & Co. has appointed Anisa Costa to the newly created position of chief sustainability officer.
Wanted: diamond industry leadership
Consider this group of headlines from the last week or so: The Botswana Gazette: Diamond Crisis Looms?, Financial Times: India’s Diamond Polishers Lose Their Sparkle , Business Insider: The Diamond Capital of the World Sent Out a Warning Signal .
The diamond industry must “be more transparent and adapt to the criteria demanded by banks”
Antwerp Diamond Centre – Friday 27 March 2015. On March 27 of this year the AWDC, Antwerp World Diamond Centre, invited members of the diamond industry to reflect on the financial future of the sector.
Diamond industry lacks bankability, not liquidity
ABN Amro has been a major lender to the midstream diamond industry over the past century. More recently, the group has called on the diamond industry to improve its “bankability” as banks tighten their lending requirements.