Getting to know kimberlite pipes
Named for Kimberley, South Africa where they were first found, kimberlite pipes are large, conical rock formations known to host diamonds.
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Shifting demand
Diamond prices continued to fall in September maintaining a long-term downtrend that started in mid-2011. Apart from the positive first quarter of 2014, when polished prices rose, average prices have been on a consistent, gradual decline.
What you most need to know to profit from Millennial shoppers
New York, NY-So you think you know the Millennials? You know they’re wired, connected, and not (quite) as narcissistic as they’re made out to be.
Puff … There goes $1.9 billion in diamond financing
Nothing should have surprised the diamond sector about KBC’s announcement that it is closing down the operations of the Antwerp Diamond Bank (ADB). It was not just the many rumors in the Antwerp and global markets in the week before the announcement or the news report about it in a local daily that should have […]
De Beers woos the banks. Will it help?
Talk about timely. After the industry bank week from hell, De Beers held a bankers executive briefing at the Roosevelt Hotel in New York City yesterday.
Why the industry can no longer bank on the banks
Over the last week, the industry was hit with a double whammy, right in the balance sheet: First, Antwerp Diamond Bank announced it was shutting its doors, after owner KBC spent four frustrating, fruitless years trying to find a suitable buyer.
The five-year plan of Andreev
When you talk with experts from Antwerp or Israel about ALROSA, they often say that “the market has changed a lot since the Russian company emerged on it in 2009.”
Deloitte predicts 4% increase in U.S. christmas season retail sales
Deloitte anticipates that U.S. Christmas-season retail sales for 2014 will increase by between 4 percent and 4.5 percent year on year to between $981 billion and $986 billion.
A watch from Apple could lift the bunch
I think I should begin this blog with a bit of an apology: We, like so many others, predicted incorrectly.
Lessons from Hong Kong
The Hong Kong Jewellery and Gem Fair that took place this week reassured the diamond trade that things are not quite as bad as they seem.
Citing health concerns, Alrosa president steps down
Moscow – Alrosa, one of the world’s largest diamond mining companies, announced that President Fyodor Andreev is resigning for medical reasons.
Antwerp Diamond Bank to shut down
Brussels – Yet another bank seems set to exit the jewelry industry, as KBC said Friday that the sale of the Antwerp Diamond Bank to Yinren Group has fallen through and it will, according to its agreement with the European Commission, wind down the bank’s activities.