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ABN Amro has been a major lender to the midstream diamond industry over the past century. More recently, the group has called on the diamond industry to improve its “bankability” as banks tighten their lending requirements.
The middle of the diamond distribution chain is struggling to align itself with new, lower levels of wholesale demand. The result is that manufacturers and polished diamond dealers continue to be squeezed despite growth in consumer demand.
When I read about ‘bumper years’ I always get a bit nervous unless the pronouncement takes place on the 31st December and refers to the previous twelve months and is not some Delphic pronouncement looking into the future.
Last week, De Beers released a survey of the global diamond market that showed that U.S. diamond sales increased some 7 percent in 2014.
Wedding resource site The Knot published its annual Real Weddings Study this week and it makes for some fascinating reading, as well as providing some good news for jewelers.
Graff Diamonds once again made a splash at Baselworld, introducing a $40 million watch topped with a 38 ct. D Flawless that can be converted to a bracelet or ring.
In 2009, the leading diamond producers convened in St. Petersburg, Russia, at the behest of the then-president of Alrosa, to discuss a joint promotional effort called the International Diamond Board.
Global diamond jewelry demand rose 2.9 percent year on year to $81.4 billion in 2014, according to industry insight data published by De Beers on Friday, the 20th of March.
Millennials spend more on jewelry than any other age group Press Release – A report released today by Edahn Golan Diamond Research & Data reveals that for the first time, millennials have spent more than any other age group on fine jewelry.
Press release – The Dubai Diamond Exchange (DDE), a Dubai Multi-Commodities Centre (DMCC)platform, announced that leading mining executives will be presenting at the second Dubai Diamond Conference.
Is the industry at long last getting its act together and creating an effective organization that will promote the diamond sector and act as a unified body?
The diamond mining companies need to play their part to ensure profitability throughout the distribution chain. Therefore, the trade should be encouraged that a meeting of the top eight miners took place this month to discuss some of the industry’s most pressing challenges.