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De Beers will offer its clients concessions for a second consecutive buying cycle in a bid to support the market, according a Bloomberg report, citing anonymous sources reportedly familiar with the information.
The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, Bloomberg reported.
Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015.
You know how much we at Rubel & Ménasché like to make you happy! As we did last year, we have decided to bring your favorite articles from our website in 2016 back into the limelight.
Design director Francesca Amfitheatrof resigns; Reed Krakoff joins company.
Despite expectations that the first “digitally native” generation would want to shop online, a new study by IBM and the National Retail Federation (NRF) found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.
The World Gold Council (WGC) predicted gold prices will continue to rise in 2017 as growth in Asia and political uncertainty in the west are expected to support demand.
AWDC and Bain & Company noted in their 2016 global diamond report that rough-diamond revenues declined by 24 percent in 2015 as the midstream segment sold down accumulated inventories.
De Beers Group CEO Bruce Cleaver says in an interview that millennials, the under-35 age group, are still purchasing diamond jewelry, albeit smaller pieces since they are typically less affluent than their parents were at the same age.
Chow Tai Fook’s shares jumped more than 5 percent after the jeweler reported relatively strong quarterly sales amid renewed growth in China and higher gold demand.
India has beefed up its diamond disciplinary capabilities to put a stop to bankrupt traders setting up new companies to escape debts and curb other fraudulent activities.
The Indian Commodity Exchange (ICEX) is set to launch trading of diamond futures with a view to helping the industry hedge against wild fluctuations in polished prices.