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The World Federation of Diamond Bourses (WFDB) completed a two-day meeting of the executive committee and Asia-Pacific presidents’ summit in Shanghai, having addressed a range of “crucial issues affecting the global diamond industry,” according to WFDB’s president, Ernie Blom.
The Diamond Federation of Hong Kong (DFHK) has launched its “Natural Diamond Quality Assurance” Mark Scheme (NDQA Mark Scheme).
Executives from eight of the largest diamond mining companies met recently to explore the establishment of an association that will promote diamonds as a consumer product.
Diamond market overview The main focus in the dealer market over the past week was on the Hong Kong jewellery trade show March 4 – 8, which failed to meet dealer’s expectations.
The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and trading just about met dealers’ low expectations.
Varda Shine, the former CEO of the DTC, has joined platinum company Lonmin Plc as a non-executive director.
With banks still skittish about lending to the industry, ABN Amro’s diamond and jewelry division, generally considered the industry’s largest lender, has launched a “borrowing base verification program,”
De Beers February sight closed with an estimated value of $550 million
As was broadly expected the presentation of the February Sight was similar to last month with only targeted and minor price adjustments made to a few boxes.
U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.
New York – The Diamond Empowerment Fund again will hold its Diamonds in the Sky Gala during Las Vegas market week this year, this time honoring Prime Minister Narendra Modi of India.
In a story that seems to be repeating itself on a regular basis, the specter of undisclosed lab-grown diamonds has struck again.