The R&M “Lettre”

I’ll start off this blog with a short confessional but not the scary, priest-behind-the-screen, say-10-Hail-Marys-type from my youth.

Our goal is to create a think tank, which will come up with ideas how to reach outside our closed circuit and bring people the message about diamonds, tell why they should buy them.

A pear-shaped, D color, VVS1 diamond weighing 89.23 carats sold for more than $11 million at Christie’s Magnificent Jewels sale held last Wednesday in New York.

With the box deferrals from last month being taken up in December, the Sight is estimated to be around $630m.

The Centurion 2014 holiday sales success index: luxury jewelers continue strong into season.

In its fourth annual report on the global diamond industry, Bain & Company forecasts a solid outlook for diamond demand, but cautions that access to diamond financing, particularly for the middle market, could hamper future market growth.

This was supposed to be the diamond decade. Back in 2010, De Beers executives were touting that the coming 10 years would bring unprecedented demand and growth to the industry.

RapNet diamond index (RAPI™) for 1 ct. -1.7% Polished diamond prices fell  in November as suppliers lowered prices in an effort to raise cash flow.

I am, admittedly, a bit late in coming around to my second word of the year for 2014, as it’s already been done.

New York – Prices for 1-carat and 3-carat stones were down about 2 percent in November as suppliers, strapped by a lack of liquidity, lowered prices in an effort to generate cash. 

EGL International, the lab that has become a flash point in the dispute over diamond grading, is shutting down, says Menahem Sevdermish, the EGL network’s new global manager. 

As the Diamonds Do Good website goes online, Rubel & Ménasché wanted to find out about how the project came about and what it’s aims are. We met with Nancy Orem Lyman, the Executive Director of DEF.