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Brussels – Yet another bank seems set to exit the jewelry industry, as KBC said Friday that the sale of the Antwerp Diamond Bank to Yinren Group has fallen through and it will, according to its agreement with the European Commission, wind down the bank’s activities.
In response to my blog post last week, Don Palmieri, president of the Gem Certification & Assurance Lab (GCAL) wrote in with his view on how to solve the problem of variable lab standards:
With the continued concern about different lab standards, maybe it’s time to look at the bigger picture.
Harry Levy, president of the London Diamond Bourse and numerous other groups, writes in with the following comments on my post from last week (on July,24) on whether lab-grown diamonds are real diamonds:
The difficulties of acquiring a regular supply of rough diamonds and credit from the banks, shrinking margins and the lack of global generic marketing, these are some of the issues addressed by International Diamond Manufacturers Association (IDMA) President Maxim Shkadov in this interview.
It was fitting that Monday’s story about the retirement of Tiffany & Co. CEO Mike Kowalskiran directly ahead of my latest piece about the Pebble Mine in Alaska, the proposed open-pit copper and gold mine that would sit at the headwaters of the pristine eco-system that surrounds beautiful Bristol Bay.
The 36th World Diamond Congress concluded in Antwerp today (Wednesday the 18), with representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB) and 15 members of the International Diamond Manufacturers Association (IDMA) heading home.
On the sidelines of the JCK Las Vegas show, a deeper conversation was taking place than the usual negotiation for goods. Numerous educational seminars and keynote addresses urged businesses to move beyond simple product and price transactions and think long-term to ensure industry growth.
Las Vegas – The Diamond Empowerment Fund’s mission of providing higher education to children in Africa’s diamond-producing countries got a boost in Las Vegas, with the organization’s annual gala raising more than $1 million.
The industry must meet consumer confidence challenges and promote itself more in order to keep diamond demand strong, Philippe Mellier, CEO of the De Beers Group, told a packed Mandalay Bay Surf Room in his presentation “Perspectives on the Diamond Industry” on May 30.
The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products.
On the face of it, Panama certainly seems like a logical place for a new diamond exchange. From the southern tip of Argentina, relatively close to the South Pole, all the way to Mexico and including the Caribbean, there is not a single diamond bourse.