Trump effect: diamond trade optimistic for 2017
As 2016 draws to a close, Rapaport News took the opportunity to speak with leading industry experts about the past year and their expectations for the next 12 months.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Trump presidency can help diamond sales, says De Beers CEO
If the president-elect’s policies do lead to increased demand for luxury items in the U.S., it would give a further boost to a modest recovery forecast for diamonds, De Beers CEO Bruce Cleaver told Bloomberg.
Chinese group buys Italian luxury jeweler
Chinese conglomerate Gangtai Group agreed to acquire an 85 percent stake in high-end jeweler Buccellati from Italian equity firm Clessidra, Reuters reported.
Israel diamond trade signs deal with tax authority
Israel’s diamond industry reached an agreement with authorities on a new law that exempts traders from paying taxes if they incur a loss.
What 2017 has in store for the world’s largest rough diamond
Vancouver B.C., Canada–The Lesedi la Rona, the world’s largest discovered diamond that’s still in rough form, likely will be offered for sale again in 2017.
Kering adopts new maternity, paternity leave policy
This holiday season, Kering employees have received a substantial gift for the new year.
Clouds of rubies and sapphires, a thousand light years away
Scientists believe the clouds of a planet in a far-off galaxy could be made of the same materials that make up precious jewels.
Indian gems and jewelry trades still feeling shockwaves from demonetization
A month after the sudden announcement by the Indian government that it was withdrawing 500 and 1,000 rupee notes as part of a battle against corruption, the shockwaves are still being felt by the country’s diamond industry from the so-called demonetization.
Producers from the DPA, part 5: Lucara and Petra Diamonds, rare diamonds and targeted investments
For this latest edition of gem producers from the DPA, we are heading to Africa, more precisely to African mines, to meet the last two “large” junior gem producers that are DPA partners: Lucara Diamond Corporation and Petra Diamonds Limited.
The 2016 Global Diamond Report is out
Antwerp–The Antwerp World Diamond Centre and consulting firm Bain & Company have released their sixth annual global diamond jewelry report.
Diamond industry now banking on Legitimacy
The diamond industry has added several layers of legitimacy this year as more companies are complying with standards set out by banks, regulators and suppliers, even if they’re still burdened with a “high-risk” profile.
20,000 Surat diamond workers jobless as demonetization hits post-Diwali return
Over 20,000 diamond workers employed in small diamond units have been left essentially jobless as their employers have not reopened following the Diwali vacation due to the effects of demonetization.