Diamond producers, trade leaders to meet in Dubai
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.
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Is it just history repeating itself?
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?
Restoring confidence
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.
WFDB’s executive committee adopts firm stand on grading standards
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.
HK Diamond Federation launches ‘Natural Diamonds Quality Assurance’ mark
The Diamond Federation of Hong Kong (DFHK) has launched its “Natural Diamond Quality Assurance” Mark Scheme (NDQA Mark Scheme).
Diamond miners meet to set up consumer promotion body
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.
Weekly Diamond Market Report 15/03/08
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.
Business as usual in Hong Kong
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 joins Lonmin as non-executive director
Varda Shine, the former CEO of the DTC, has joined platinum company Lonmin Plc as a non-executive director.
ABN Amro to clients: we want to know your transactions
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 estimated at $550M
De Beers February sight closed with an estimated value of $550 million
Sight report, February 2015
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.