How do you solve a problem like Marange?
Some further thoughts stemming from last week’s post on Antwerp and Zimbabwe.
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The diamond world is so fascinating…
As I recalled the reports that I had recently read, I wondered whether I could have envisioned with certainty what 2014 would hold for the diamond industry. The truth is, it is very difficult to have “certainties” when it comes to diamonds.
Weekly Diamond Market Report 14/03/23
Diamond market overview General sentiment in the polished market is positive with traders reporting healthy demand and strengthening prices.
Synthetic diamonds are 100% detectable
De Beers is confident that its technology detects all synthetic diamonds. During a correspondence with Rapaport, De Beers head of technologies, Dr. Simon Lawson, refuted claims by Yossi Kuzi of EGL Hong Kong that De Beers DiamondSure™ and DiamondView™ systems did not detect a synthetic type IaAB diamond.
GIA: too big to fail: economic impact is concentration risk
Let’s get straight to the bottom line: at any given moment, the Gemological Institute of America (GIA) and other grading labs will have some $1.5 billion worth of diamonds in their possession that are not readily available for business.
The special rough diamonds market
Rough diamond demand and prices don’t always follow trends in the polished market – much to the dismay of diamond manufacturers who often complain about the disconnection between the two markets.
Jewelry, watches, and the U.S. market are key to global luxury growth
Merrick, NY—Two recent surveys show that jewelry and watches are favorite acquisitions for ultra-affluent consumers worldwide, and that the United States is the market most luxury brands believe has the most growth potential.
The rough diamond market report: sizzling again
One of the questions most asked lately, and the one many do not have an answer for, is the reason the diamond market is so active these days.
The gold price benchmark is looking outdated. Is the diamond benchmark too?
This week brought news of a class-action lawsuit that charges the five banks overseeing the daily gold price fix with manipulating the market.
Hong Kong momentum
The Hong Kong International Jewellery Show that took place this week injected some confidence into the diamond trade, even though the market is not booming.
Ignore the skeptics and embrace the new Botswana reality
The skeptics had a field day when De Beers and the Botswana government announced a 10-year diamond mining and sales agreement in 2011.
What the Ukraine crisis means for gold, diamonds, and the U.S. economy
The stock market hates uncertainty. So it’s not surprising that U.S. stocks took a tumble Monday amid news of the Russian military takeover of the Crimean region of Ukraine.