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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.
“Many passionate people believe in the future of the diamond sector but very few companies have the perception to invest in technology… have difficulty thinking or planning for long term,” feels Stephane Dujourdy, owner of an e-business company and a software creator for the diamond industry.
The new year is now officially here, just barely over the doorstep, and with it the promise of new amazing gems that will crown this year’s sales.
Lab-grown red diamonds with an atomic defect could one day replace GPS systems thanks to their remarkable sensitivity to magnetic waves, according to scientists at Element Six which is majority owned by De Beers.
Press Release — Dorothée Gizenga, Executive Director of the Diamond Development Initiative, is among 26 new appointees to the Order of Ontario, the province’s highest honour.
The global diamond industry, while discussing the situation on the market within its own circle, sometimes does not pay enough attention to the dialogue with its main counterparty – the end buyer of its goods, natural diamonds
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.
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.
There was little surprise when Time magazine named Donald Trump its ‘Person of the Year.’ Love him or hate him, Trump left his mark more than any other individual on 2016. Notably, the choice says as much about the impact he will potentially make as it does about his historic election.