Challenging Congress
The 36th biennial World Diamond Congress that took place in Antwerp this week offered an opportunity for industry leaders to tackle the trade’s most pressing issues.
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‘No major new mines’ answers the wrong question
Conventional wisdom holds that prices of polished diamonds are bound to go up because demand is rising and supply is shrinking.
Core issues at heart of World Diamond Congress talks, say Blom, Shkadov
The 36th World Diamond Congress concluded in Antwerp today (Wednesday the 18), with representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB) and 15 members of the International Diamond Manufacturers Association (IDMA) heading home.
Diamond leaders form body to handle industry issues
Antwerp, Belgium – The heads of four of the jewelry and diamond industry’s leading international representative organizations have established a joint consultative committee called “The Presidents Forum.”
DDI’s O’Ferrall calls on industry to aid artisanal miners
Diamond companies have a moral imperative to contribute to improving the working and living conditions of artisanal diamond miners surviving on a few dollars a day
De Beers june sight estimated at $640M
The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm.
The 18 inch diamond dream
On the sidelines of the JCK Las Vegas show, a deeper conversation was taking place than the usual negotiation for goods. Numerous educational seminars and keynote addresses urged businesses to move beyond simple product and price transactions and think long-term to ensure industry growth.
122.52 carat blue diamond found at Cullinan
In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond — the size of a walnut — has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds.
Diamonds Do Good?
There has been a lot of talk about the need for the diamond industry—particularly big miners and retailers—to act collectively to promote diamonds generically, like De Beers used to.
DEF’s Vegas gala raises more than $1M for education
Las Vegas – The Diamond Empowerment Fund’s mission of providing higher education to children in Africa’s diamond-producing countries got a boost in Las Vegas, with the organization’s annual gala raising more than $1 million.
Industry must embrace brands, de beers execs say
The industry must meet consumer confidence challenges and promote itself more in order to keep diamond demand strong, Philippe Mellier, CEO of the De Beers Group, told a packed Mandalay Bay Surf Room in his presentation “Perspectives on the Diamond Industry” on May 30.
Faith in stability
The first four months of 2014 saw the seasonal growth in rough diamond prices estimated by the industry players as 5 to 10 percent.