Is it just history repeating itself?
Is the industry at long last getting its act together and creating an effective organization that will promote the diamond sector and act as a unified body?
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Restoring confidence
The diamond mining companies need to play their part to ensure profitability throughout the distribution chain. Therefore, the trade should be encouraged that a meeting of the top eight miners took place this month to discuss some of the industry’s most pressing challenges.
WFDB’s executive committee adopts firm stand on grading standards
The World Federation of Diamond Bourses (WFDB) completed a two-day meeting of the executive committee and Asia-Pacific presidents’ summit in Shanghai, having addressed a range of “crucial issues affecting the global diamond industry,” according to WFDB’s president, Ernie Blom.
Diamond miners meet to set up consumer promotion body
Executives from eight of the largest diamond mining companies met recently to explore the establishment of an association that will promote diamonds as a consumer product.
Business as usual in Hong Kong
The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and trading just about met dealers’ low expectations.
Varda Shine joins Lonmin as non-executive director
Varda Shine, the former CEO of the DTC, has joined platinum company Lonmin Plc as a non-executive director.
ABN Amro to clients: we want to know your transactions
With banks still skittish about lending to the industry, ABN Amro’s diamond and jewelry division, generally considered the industry’s largest lender, has launched a “borrowing base verification program,”
Online jewelry’s growth restraint
U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.
DEF will honor Indian prime minister in Las Vegas
New York – The Diamond Empowerment Fund again will hold its Diamonds in the Sky Gala during Las Vegas market week this year, this time honoring Prime Minister Narendra Modi of India.
What has Lady Gaga done for heart-shape engagement rings?
Okay, so I know you’ve heard about Lady Gaga’s heart-shape engagement ring designed by Lorraine Schwartz.
100 carat D IF “ultimate” emerald cut to be sold by Sotheby’s
Sotheby’s calls it the Ultimate Emerald-Cut Diamond—and it’s hard to argue. The famed auctioneer will offer a 100.2 ct. D internally flawless emerald cut at its April 21 Magnificent Jewels sale in New York City.
De Beers profits soar 33 percent
De Beers announced its profits soared more than 33 percent over the past year — a number that may rankle its customers who complain they are losing money on their sight boxes.