Global diamond supply in a single chart
The diamond monopoly is over, writes Paul Zimnisky in his study of worldwide diamond industry, but he wonders how concentrated the industry remains.
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Rough market report: sight +$800M, prices inch up
In response to Alrosa’s announced decline in supply, demand for rough diamonds jumped over the past few months, and De Beers responded with a larger than usual Sight in July to satisfy the market’s request for goods.
3 carat synthetic colorless diamond produced – largest-ever grown gem
Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone—which it calls the largest colorless diamond ever produced by nonnatural means.
Changes at Tiffany’s
It was fitting that Monday’s story about the retirement of Tiffany & Co. CEO Mike Kowalskiran directly ahead of my latest piece about the Pebble Mine in Alaska, the proposed open-pit copper and gold mine that would sit at the headwaters of the pristine eco-system that surrounds beautiful Bristol Bay.
Rough prices up 6 percent year-to-date
Moscow – Alrosa reported a 13 percent increase in revenue from rough diamond sales in the first half of the year in a “positive” market where it said rough prices rose about 6 percent.
The bridal jewelry boom
Demand for engagement and wedding diamond jewelry is stronger than ever, presenting an unparalleled opportunity for the trade.
Sightholders take note, De Beers has a new group of clients
After a century of selling primarily to a short list of contracted buyers, Sightholders, De Beers is planning to add a new kind of regular customer – Accredited Buyers.
The DDI development diamonds
The diamond industry needs to support programs to uplift its vast artisanal mining sector.
TYPE II criminals: turning ‘50 shades of brown’ into ‘virgin whites’
The greatest menace in the diamond industry – today and tomorrow – comes from the nasty breed of people defined as Type II Criminals, who abuse gem-quality synthetic or natural diamonds to defraud.
Canada’s diamond industry icon sells last stake in Ekati mine
Charles “Chuck” Fipke, the man who started Canada’s arctic diamond rush in the 1990s by discovering the Ekati mine, is selling his remaining 10% interest in the Arctic mine for US$67 million, to Dominion Diamond (TSX, NYSE:DDC).
De Beers sending AMS machine sent to sightholders worldwide
Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe.
A tougher third quarter
The second quarter was always going to be a quieter period for the diamond trade.