The R&M “Lettre”

Press Release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2016.

Fine jewelry sales in the US posted a rise in November, and there are signs that December was alright too. In the last couple of weeks of December, Mumbai diamond traders had a sudden rise in sales, both from the US and China, leading to a burst of optimism that drove demand for Sight goods.

The World Federation of Diamond Bourses (WFDB) will hold its 37th World Diamond Congress in Dubai from May 16 to 19, placing transparency, responsibility and sustainability at the heart of the summit’s agenda.

Press release –  De Beers Group Chief Executive sets out approach for 2016, including commitment to continue category marketing.

Tiffany & Co.’s board of directors has approved a new stock buyback program under which the jewelry retailer can repurchase up to $500 million of the company’s common stock.

In a change to its usual practice, De Beers, through its online auction subsidiary Diamdel, will offer small and medium Indian diamantaires an opportunity to participate at a rough tender, according to The Times of India.

The US government has finalized a deal to guarantee loans to Botswana’s diamond manufacturers through a $125 million credit agreement between Barclays Bank Botswana and the Overseas Private Investment Corporation (OPIC), according to a report by Chaim Even-Zohar in the latest edition of Diamond Intelligence Briefs.

Tiffany & Co. is focusing on the artisans behind its classic diamond engagement ring in a year-long advertising campaign to mark the 130th anniversary of the iconic jewelry piece.

The diamond paradox: big stones sell for millions while traders struggle to make a living. There’s a funny paradox in the modern-day diamond industry.

To thank you for visiting our website and to thank our contributors, we have decided to focus on the most read articles on Rubel & Ménasché in 2015. The first was the Focus on De Beers, with regard to the creation of the Diamond Producers Association.

The diamond industry has a lot riding on the Chinese New Year season and recent events in Shanghai have done little to inspire confidence. As stocks plummeted and the Renminbi depreciated against the dollar, fresh concerns rose about China’s growth prospects, its impact on the global economy and on the diamond and jewelry trade.

The start of the year is, on the one hand, a period for good wishes and, on the other, a time for looking ahead. So allow me to take this occasion to wish you a 2016 that is as sparkling as the diamonds that are so dear to us all!