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As the who’s who in the glitzy world of high-value diamond auctions gathered in Geneva in May, there was an understated tone to this year’s pilgrimage to the Swiss city.
Brent Eiseb, a 24-year veteran of the diamond industry who has risen through the ranks of the Namibia Diamond Trading Company (NDTC) who was recently appointed as its new Chief Executive Officer, gave an extensive interview to the Windhoek Observer
MarketWatch.com reported that “China is unlikely to surpass the U.S. in retail sales this year as previously expected thanks to the damaging effect of the current trade conflict between the two powers, but that milestone is likely to happen in 2021.“
It’s become clear: Consumers want firm guarantees that their diamonds are not associated with bad things. So do governments. And the industry is—perhaps belatedly—stepping up its efforts to offer that. Transparency and tracking have suddenly become “in.”
With the danger of boring some readers at first instance, it is necessary to dedicate yet one more memo to the five-day-long Kimberley Process Intersessional Meeting (KPI) that closed last week in Mumbai, India.
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector.
Following the United States’ decision – by means of a decree by President Donald Trump- to withdraw benefits under the Generalised System of Preference (GSP), the price of polished diamonds exported by India to the US will increase with seven to eight percent, according to rating agency CRISIL.
The discovery of a new source-rock indicator for diamond formation has the potential to help geologists locate and identify valuable diamond deposits around the world, a study by the University of Alberta and De Beers shows.
New Executive Director and chairman outline their strategy.
Christie’s sale of historic Indian jewelry and art was expected to be big, and it did not disappoint.
Presse release – US$390 million (provisional)
Are we on the verge of the gold rush—the sequel?