Euro MPs vote to ban conflict minerals
In a surprise decision, the European Parliament voted yesterday (Wednesday) to ensure that as with diamonds and other precious stones, European Union (EU) importers
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De Beers selling historic Kimberley mine
De Beers is selling the Kimberley mine, the century-old South African deposit that was one of the original building blocks of its empire.
Sight okay, retail not at all
If you are trying to see the half-full part of the glass, you’ll hear the voices that say that “De Beers finally got the message and lowered prices.”
GIA recalls hundreds of diamonds
Carlsbad, California – The Gemological Institute of America has cut off four clients traced to hundreds of diamonds submitted with an undisclosed treatment
De Beers acquires equity stake in Synova
De Beers announced that it has acquired a 33.4-percent equity stake in Synova SA, a laser cutting system provider.
Diamond Empowerment Fund supports DDI’s mobile school program
Press Release – The Diamond Empowerment Fund (D.E.F.) announced its support of a mobile school for youth in the Kankala mining community of the Kasaï Occidentale province in the Democratic Republic of the Congo (DRC).
De Beers May sight estimated at $470M
The De Beers May sight closed with an estimated value of $470 million as the mining company reduced its rough diamond prices by an average of 3 percent.
Who’s buying the rough?
Much has been said about unsustainable rough diamond prices in the past year. The lack of profitability in the diamond manufacturing sector has caused manufacturers to significantly scale down their operations and rough purchases in the past six months.
De Beers lowers prices as CEO changes tone
De Beers cut prices some 2–3 percent at its latest allocation in Botswana, sources say, as attendees noted a more conciliatory tone from the company CEO.
Diamond markets ‘quiet’ in April
After sliding for months, polished diamond prices showed signs of stabilizing in April, with the RapNet Diamond Index for 1-carat goods even increasing slightly.
Why the industry’s in a funk: 6 theories
We are seeing an interesting contrast: Business wise, this industry is doing okay. Psychologically, it’s a mess.
The experiential economy
This week Time Inc. and YouGov, a U.K.-based market research firm, released their 10th annual Survey of Affluence and Wealth, which polls more than 6,000 wealthy consumers worldwide.