Refusals exceed 30% at De Beers March Sight
Pessimism prevailed at De Beers March sight with more than 30 percent of goods refused, according to several sightholders.
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The diamond industry must “be more transparent and adapt to the criteria demanded by banks”
Antwerp Diamond Centre – Friday 27 March 2015. On March 27 of this year the AWDC, Antwerp World Diamond Centre, invited members of the diamond industry to reflect on the financial future of the sector.
Diamond crisis looms?
Disturbing events are said to be currently unsettling the diamond trade locally and internationally. Things are happening in the diamond industry.
Diamond industry lacks bankability, not liquidity
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.
Diamonds – Realigning inventory
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.
Bumper or Bump?
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.
The stats look great. So why aren’t people feeling it?
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.
Here comes the bride…
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.
The Fascination Watch : Graff unveils $40 million watch at Baselworld
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.
Any diamond producers association won’t be a new De Beers
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 +3% in 2014
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.
The US State of the Jewelry Market Report
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.