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Now that 2015 is coming to an end, mining companies are reportedly preparing to reduce rough diamond prices in January. Having held off from doing so in the fourth quarter of this year, the industry may be missing an opportunity to capitalize on an expected seasonal improvement in polished demand at the beginning of 2016.
Rough diamond producers will have to slash prices further as a 28 percent slump from a peak in 2014 may be insufficient to revive demand, according to Moody’s Investors Service.
Ramat Gan, Israel – The Israel Diamond Exchange has elected Yoram Dvash as its new president. He succeeds incumbent President Shmuel Schnitzer, who served one two-year term.
Last year, I argued that the best term for lab-grown diamonds may be non-mined. That is scientifically accurate and also gets across the stones’ main selling point. Many diamond growers regularly label natural stones mined diamonds to take advantage of consumers’ negative opinions on mining.
Diamond advertising is undergoing big changes. Last August, De Beers announced “a major investment in a holiday marketing campaign to generate increased consumer demand for diamond jewellery during the year-end holiday season”.
Insights. What can the diamond industry expect when the Federal Reserve raises interest rates for the first time in seven years? Or, more pointedly, will a rate hike put a dent in discretionary spending?
The HRD Antwerp diamond lab is the largest diamond lab in the world issuing diamond certificates, grading and jewellery reports fully compliant with the rules for grading polished diamonds set by the International Diamond Council (IDC). Its primary shareholder is the Antwerp World Diamond Centre (AWDC)
De Beers expects diamond production to fall to between 26 and 28 million carats in 2016 from 29 million carats this year as the mining giant outlined its view of the “stock crisis” affecting the industry.
The “Seven Seas”, the latest fine jewellery collection from Van Cleef & Arpels, invites you to travel across the oceans, an unending source of inspiration that undulates as far as the eye can see. Photographs and videos by Sonia Sieff depict and sublimate these magnificent creations.
Holiday-season commercials by Cartier, Forevermark US and Tiffany & Co. have received widespread attention on the internet, picking up millions of YouTube views in recent weeks.
For the first time, the 2015 Nobel Peace Prize will be fashioned from Fairmined gold. The prize (pictured, right), featuring the head of Alfred Nobel, was struck at the Royal Norwegian Mint in Kongsberg.
Merrick, NY—While every year brings change, this year seems to have brought more than most. At The Centurion, we know the retail landscape continues to evolve.