The R&M “Lettre”

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How two crises shaped the diamond trade

For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for the trade’s inventory and absorbed much of its credit risk. Manufacturers pay up front for rough, process the stone, and then typically sell the polished on credit, offering terms of 30 to 60 days. […]

GemFair’s new MOU to advance diamond artisanal mining sector

Press release – GemFair signs MOU for joint delivery of capacity building programme to advance ASM standards in West Africa. Partnering with GIZ and Mano River Union to deliver training on mining standards in Sierra Leone, Liberia, Guinea and Ivory Coast.

Tiffany, LVMH deal hits a snag

The official closing of LVMH’s acquisition of Tiffany & Co. may be delayed, following a request from Australian regulators seeking more time to review the deal.

Engagement ring spending flatlined in 2018, survey shows

It was the first time since 2009 that the average cost of a wedding has slipped below $25,000 in The Wedding Report’s year-end survey and was on par with what consumers spent in 2008, when the average was $24,100.

Synthetic diamonds: legitimize, don’t ostracize

Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. Last week, India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ignoring a section of the industry

Diamond crisis looms?

Disturbing events are said to be currently unsettling the diamond trade locally and internationally. Things are happening in the diamond industry.