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From May 30 to June 2, 2014, the JCK Show Las Vegas will see gathered jewelry professionals and experts from all around the world. This fair, which is one of the sector’s most important ones, will be an excellent opportunity to sound out the American market, as well as to confirm or refute the trends […]
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.
The diamond industry is so competitive, that everyone is clamoring for an advantage, no matter how big or small. This race to improve has some fantastic aspects to it, such as a large investment of research & development in technology and even price analysis.
Ashley K. Orbach was appointed special advisor for conflict diamonds for the U.S. Department of State earlier this year, which means she represents the United States in front of the Kimberley Process. (Her official title is special advisor, conflict minerals and precious stones, showing that she will work on more than diamonds.)
The De Beers May sight closed with an estimated value of $560 million as the rough diamond market remains steady. Sightholders reported that prices on some boxes were adjusted slightly; however, on average, prices and assortments were basically unchanged.
The diamond and jewelry industry needs to respond to lab-grown diamonds in a way that will differentiate the natural product.
On the face of it, Panama certainly seems like a logical place for a new diamond exchange. From the southern tip of Argentina, relatively close to the South Pole, all the way to Mexico and including the Caribbean, there is not a single diamond bourse.
Outwardly, the annual 2013 diamond pipeline looks similar to that for 2012: the rough supplies into the value chain totaled $15.56 billion (2012: $15.5 billion), which, after cutting and polishing, yielded $21.6 billion worth of polished (2012: $20.7 billion) at polished wholesale prices (PWP).
Philippe Mellier this week threw down the gauntlet to the diamond industry, and sightholders in particular. The De Beers CEO told Bloomberg News that the company plans to raise rough diamond prices by 5 percent every year as it aims to meet parent company Anglo American’s targets.
London – A new report states that the per-ounce price of gold might have already hit its high for the year and could briefly sink as low as $1,100 in the coming months.
Columnists sometimes do the strangest things, like writing a column about something they know very little, and sometimes nothing, about, tossing some figures to give credence to their writings, and in the process causing damage.
With clients now forced to wait as long as four months to have their gems graded and returned, the Gemological Institute of America announced a new suite of measures designed to decrease its labs’ much-derided turnaround time.