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In my blog last week, I closed with two questions: What is De Beers’ long-term plan, and will its parent company, Anglo American, continue to have an interest in supporting a small, declining part of its business?
The image of the diamond industry was somewhat soiled last year when it emerged that several synthetic stones had been marketed as natural.
In the past two decades, we have witnessed the gradual transition of De Beers from an ivory-towered monopoly to a commercial venture struggling to shake off its past and find a new way.
The current year, not the best for the global diamond industry, witnessed a whole series of events and phenomena arousing discussions in the trade.
Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry.
I’ve been reading all the reports this week about the next trade “crisis,” the apparently large volumes of undisclosed synthetic melee being mixed in with batches of natural diamonds.
Given recent reports that synthetic melee is being sold undetected, the question is: How should the industry handle this?
Fancy colored diamond prices are showing significant gains in 2013 while other goods struggle along.
October marked “the end of an era” at De Beers, as it closed the book on 80 years of holding its sights in London. And now, we turn the page to a new era: November brings the first allocation held at De Beers’ new sorting center in Gaborone, Botswana.
They aren’t the largest or wealthiest age group. They don’t lust for luxury and are immune to slick ads. But Gen Xers are wired to family and peers, making their influence hard to ignore.
The World Diamond Mark (WDM) program introduced at the 35th World Diamond Congress in Mumbai was to start in July 2013.
De Beers said that demand for diamond jewellery showed a moderate growth in the key markets of the US and China during the first half of the year despite some macro-economic concerns.