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Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. Last week, India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ignoring a section of the industry
New York – Polished diamond prices continued their slide in September, with U.S. demand for diamonds described as steady but growth in other key markets restrained.
De Beers sightholders refused about half of their allocated supply last week, reducing the estimated value of rough sold at the sight to $200 million.
Russia’s ALROSA has discovered a 102.85-carat diamond with a moderate yellowish hue at its Jubilee kimberlite pipe that is thought to be worth more than $480,000.
Russian diamond producer Alrosa is developing faster and more efficient synthetic diamond detection devices, its president Andrey Zharkov said during an Oct. 13 speech at the World Diamond Council meeting in Moscow.
For diamond jewelers in today’s market, knowing the source of their diamonds is an invaluable sales tool. Knowing where diamonds originate influences socially conscious consumers in their decision of what to buy and where to buy. No one wants to declare love with a blood diamond.
Trading in the diamond market was quite brisk in August, with overseas buyers making their trip for their purchases; and the domestic buyers stocking up for the same reason and more…wedding season!
New York – De Beers’ new Forevermark commercials, which include the very well-known slogan “A Diamond is Forever,” are set to begin airing in the U.S. market next month.
A 3.09 ct CVD lab-grown diamond was recently examined at HRD Antwerp. It is the first time that a CVD synthetic diamond of this size is encountered at the lab.
Last week, the Argyle pink tender rolled into town. Which once again brings up the “I” word—investment.
New York – According to a few early predictions, this holiday season could turn out to be a happy one for retailers. Market research company Emarketer has predicted that retail sales in November and December could reach $885.7 billion, a nearly 6 percent year-over-year increase.
A global marketing campaign launched by Hearts On Fire which targets the so-called Millennials, people born between 1980 and the early 2000s, has put the spotlight on to the issue of how to market diamond jewelry to this category of potential buyers.