Dubai Diamond Conference to highlight industry financing
The Dubai Diamond Conference, which takes place from April 21-22 at the Dubai Diamond Exchange (DDE), will be running a panel on industry financing.
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LVMH sees growth in first quarter revenue
Paris – With “excellent momentum” in the United States and Europe, LVMH recorded a 16 percent increase in first quarter sales, or 3 percent with comparable structure and constant exchange rates.
Chanel to sell fine jewelry collection on Net-A-Porter
Chanel, which until now has resisted e-commerce for all of its products save makeup, has partnered with Net-A-Porter to sell a new fine jewelry collection during a three-week pop-up on the luxury e-commerce site.
“Less for More” turns into “More for Less”
After the 2008 financial crash, a De Beers research study found that consumers continued to spend during the holiday season, but more cautiously.
Fujairah National Bank adds diamond funding focus
The National Bank of Fujairah (NBF) has announced its willingness to enter the diamond industry funding arena.
An embarrassment in the making for the Kimberley Process?
Many in our industry are wary of the NGOs, which don’t always paint the most flattering portrait of our industry. But some of them, particularly those based in African countries, often do their work under considerable threat.
Polished diamond prices soften again in March
New York – With demand weak both last month and in the first quarter of the year, the price of polished diamonds of all sizes were down in March, according to Rapaport’s RapNet Diamond Index.
Tiffany & Co. appoints Costa Chief Sustainability Officer
Tiffany & Co. has appointed Anisa Costa to the newly created position of chief sustainability officer.
RJC CEO Deo out as organization restructures
London – The Responsible Jewellery Council has terminated the contract of CEO Ashish Deo, who has been with the organization for only eight months, and is transitioning to an executive director-led model.
Wanted: diamond industry leadership
Consider this group of headlines from the last week or so: The Botswana Gazette: Diamond Crisis Looms?, Financial Times: India’s Diamond Polishers Lose Their Sparkle , Business Insider: The Diamond Capital of the World Sent Out a Warning Signal .
Refusals, strops, contracts and conspiracies – a rough market review
In a way, there were no surprises this past week, and that in itself should be a surprise. De Beers offered a large rough diamond supply to its clients – at slightly higher prices – and the market just could not digest it.
Contrasting quarters
The first quarter of 2015 was a tough one for the diamond industry but it certainly was not dull – as this writer mistakenly suggested in a conversation this week.