De Beers May sight estimated at $470M
The De Beers May sight closed with an estimated value of $470 million as the mining company reduced its rough diamond prices by an average of 3 percent.
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Who’s buying the rough?
Much has been said about unsustainable rough diamond prices in the past year. The lack of profitability in the diamond manufacturing sector has caused manufacturers to significantly scale down their operations and rough purchases in the past six months.
De Beers lowers prices as CEO changes tone
De Beers cut prices some 2–3 percent at its latest allocation in Botswana, sources say, as attendees noted a more conciliatory tone from the company CEO.
Diamond markets ‘quiet’ in April
After sliding for months, polished diamond prices showed signs of stabilizing in April, with the RapNet Diamond Index for 1-carat goods even increasing slightly.
Why the industry’s in a funk: 6 theories
We are seeing an interesting contrast: Business wise, this industry is doing okay. Psychologically, it’s a mess.
The experiential economy
This week Time Inc. and YouGov, a U.K.-based market research firm, released their 10th annual Survey of Affluence and Wealth, which polls more than 6,000 wealthy consumers worldwide.
The Jeweler’s Secret – Harry Winston’s timepiece hidden in a compact
Mother of pearl and diamond serve as the setting for The Jeweler’s Secret, Harry Winston’s new fine watchmaking creation. A beautiful timepiece to embellish and charm ladies, disguised as… a compact!
Disciplined diamantaires
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels
Surat diamond units extending summer break
Diamond workers in India’s cutting and polishing center of Surat are getting an extended summer vacation.
Sightholders begin new contract period cautiously
On Monday, 84 Sightholders and two Accredited Buyers will begin attending the first Sight of the new contract period – but quite cautiously.
Gaetano Cavalieri: I expect our industry to experience steady growth, but not at the pace of the past few years
The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products.
Piaget opens a new boutique on rue de la Paix
“Always do better than necessary“, is the motto for Piaget, the famous Swiss watchmaker and jeweler, which opened a new boutique at 7 rue de la Paix in Paris on April 27 this year.