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Bain & Company said that the surprisingly strong diamond demand growth posted in 2011 and uncertainty around fourth-quarter holiday sales in 2012 introduced significant variables into the demand outlook for the year. China and India accounted for most of the diamond demand growth last year.
ALROSA, the lesser known of the two diamond mining giants, is emerging from its own shadows and may exert greater influence on the industry in 2013. While it still has a ways to go, it has become more transparent about disclosing its resource base, building its client list and developing its marketing strategy.
Often, the manner in which the diamond industry starts a year proves more influential than the weighted importance it gives the end of year holiday season. Granted, they are interconnected, with the level of restocking naturally dependent on retail sales and prices responding to the respective supply–demand dynamic.
Assurances by diamond miners at last week’s Victoria Falls conference that they would seek to persuade the US and EU to lift sanctions against stones from Marange may not generate the floods of dollars that Zimbabwe expects, writes Charlotte Mathews in an article published on 22 November by the www.fm.co.za portal.
It’s December, and diamond markets are eyeing inventory levels across the pipeline, characteristically hopeful that the holiday season will sufficiently trigger stronger buying in 2013. Stronger being a relative term as trading has been dulled by caution throughout 2012.
The online retail experience keeps reinventing itself almost with the pace and energy of technology itself. Consider that Cyber Monday only became a referenced term in 2005 and already feels a part of the U.S. holiday tradition. Along with Black Friday, it has also become a barometer of consumer sentiment and an important avenue to […]
For news junkies in the diamond industry, this past week was a relatively exciting one. And for once it wasn’t De Beers making the headlines. This time, BHP Billiton completed its diamond exit by agreeing to sell the Ekati mine in Canada to Harry Winston for $500 million, while further west, ALROSA signed a two-year […]
Kristall is the largest diamond manufacturer in Russia and one of the largest in Europe. Based in Smolensk, the company is producing top-quality polished diamonds and occupies a prominent place in the global diamond community successfully competing with many world-renowned firms.
Traditional jewelry retailers, and diamond dealers for that matter, continue to express concern about the impact that online jewelers have had on the market. With complete price transparency and extensive information available on the web, brick and mortar stores today face a far more knowledgeable consumer than before, armed with strong price comparisons.
The World Diamond Mark (WDM), recently unveiled by the World Federation of Diamond Bourses (WFDB), will hopefully succeed where previous programs have failed.
There is a long-standing perception among diamond traders and jewelers — the more price information becomes available to consumers, the more difficult the emotional pitch becomes. Walking the halls of the recent Hong Kong show, or any of the international diamond bourses for that matter, one gets a sense that the trade is more adept […]
Forevermark diamonds released by De Beers are distinguished by their beauty, rarity and quality. Their suppliers guarantee that these diamonds were mined in compliance with high industrial, social and environmental standards.