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Much talk has arisen in the diamond industry about confronting the problem of lab-grown diamonds being mixed with natural, or mined, diamonds by naming and shaming–publicly calling out companies that are guilty of knowingly trying to pass off synthetic diamonds as natural.
Yesterday’s meeting on synthetics was a valuable exercise in figuring out where the trade goes from here, but it turned out to be off the record, so I don’t have much to report from it. I would, however, like to relay the piece of advice I gave at the meeting.
In many respects, 2013 was a momentous, albeit frustrating, year for the diamond industry. There were plenty of positive milestones achieved that will continue to leave their mark for years to come.
In 2013, diamonds were everyone’s best friend. Check out 15 of the most jaw-dropping, wondrous, luminescent, and headline-grabbing diamonds this year had to offer.
Who wouldn’t like to be a top official at one of the diamond industry’s international organizations, a diamantaire asked me this week.
There is a wave of outrage washing across the global diamond business that hasn’t been matched since the issue of blood diamonds reared its head some 15 years ago. This one relates to the expansion of production of man-made diamonds (MMDs) and has an added edge: It potentially impacts every diamond dealer, jewelry manufacturer, distributor, […]
The World Federation of Diamond Bourses (WFDB) was created in 1947 to protect the interests of its founders, advocating for the sustainable development of the market and cutting industry.
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.