Will upbeat rough demand slow the diamond market recovery?
Rough diamond trading was surprisingly buoyant in April given that polished demand is restrained and inventory levels continue to rise.
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Surat diamond sector shows signs of recovery
The Surat diamond sector, which has been suffering reduced demand due to economic slowdown, has begun to show signs of recovery, according to a report in The Business Standard.
How Millennials look at diamonds (it’s different from past generations)
Younger consumers are turned off by bling but still crave something real. This June at the JCK Las Vegas show, the Diamond Producers Association (DPA) will unveil an industry milestone: the first category-driving campaign for diamonds not sponsored by De Beers.
De Beers rough diamond sales for Cycle 3, 2016
Press release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2016.
42-day indian jewelry strike ends
Following a meeting of various jewelers associations’ representatives and senior government ministers in New Delhi, the 42-day long jewelers strike has officially ended, according to a report in The Times of India.
Christie’s to offer largest ever fancy vivid green diamond for sale at auction
The largest ever fancy vivid green diamond – the “Aurora Green” – a rare 5.03-carat stone is set to come up at Christie’s Magnificent Jewels auction in Hong Kong on May 31.
LVMH watches & jewelry group +7% in Q1 2016
LVMH Moӫt Hennessy Louis Vuitton (LVMH) reported that its Watches and Jewelry business group recorded organic revenue growth (at constant exchange rates) of 7 percent in the first quarter of 2016.
DPA’s marketing campaign to debut at JCK Las Vegas in June
The Diamond Producers Association (DPA) will introduce its marketing campaign at the JCK Las Vegas jewelry show in June, it said this week.
‘Standard for Responsible Mining’ expected late 2016
The Initiative for Responsible Mining Assurance (IRMA) has released a second draft of the “first-ever” global standards for mine sites, aiming to emulate programs introduced by other sectors such as agriculture and fisheries.
The diamond market is keeping balance
Trading on the world diamond market is slowing down after a very successful first quarter. However, this slowdown is not a reason for pessimism.
Bain predicts uptick in global luxury demand
Demand for personal luxury goods in the U.S. and China is set for resurgence next year, lifting growth in the $285 billion (EUR 250 billion) market that hit a trough in 2016, according to a Reuters report that cited Bain & Co.
Diamond prices remain stable in March
New York–Steady dealer trading helped polished diamond prices to remain stable in March, even as the outlook for global consumer demand remains “uncertain,”