World’s largest blue diamond to lead Christie’s Geneva sale
The world’s largest flawless blue diamond, a 13.22-carat stone, is to lead Christie’s auction of Magnificent Jewels in Geneva next month.
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De Beers considers requiring better accounting standards by sightholders
Few issues in the diamond industry raise more concern than financing. Bank financing is what allows most businesses to expand, overcome temporary cash flow hardships, purchase new equipment, make long-term plans and execute programs.
Are synthetic diamonds a threat to the natural industry?
Last week, Israel Diamond Exchange unveiled a new slogan: “Natural is real.” The slogan is a clever play on the word Israel, and a less-clever poke in the eye to lab-grown diamond producers, who do, in fact, produce real diamonds.
Diamonds: natural and unnatural wonders
To a chemist, diamonds are a three-dimensional cubic lattice of carbon atoms. To most of us, they are the ultimate status symbol – but how long will they remain so, now that they can be mass-produced?
Rough diamond market report: accounting issues, price hikes and a quiet market
It’s never boring in the rough sector of the global diamond pipeline. De Beers is proposing a new contract – simplified, with important additions, but still troubling in a way.
Supplier of Choice, RIP
You may remember Supplier of Choice. It was the De Beers policy designed to set the industry up for the post-cartel world. It billed itself as transparent, open, and objective.
CIBJO holds sustainable development summit at UN in New York
Industry leaders joined senior United Nations officials and representatives of UN-affiliated organizations for a special conference organized by CIBJO (World Jewellery Confederation), to discuss the commitment of the jewelry and gemstone business to facilitate sustainable development in the countries and regions in which it is active at the United Nations headquarters in New York. The […]
Trade relations
If the golden rule for real estate is location, then for the diamond industry it is all about relationships
Sotheby’s to auction 100.9 carat fancy vivid yellow
On May 13, Sotheby’s Geneva will auction the 100.9 ct. Graff Vivid Yellow, considered among the largest fancy vivid yellow diamonds in the world.
De Beers sight estimated at $700M
Prices rise, premiums drop and liquidity tightens. De Beers sight number 3 closed with an estimated value of $700 million after the mining company raised its rough diamond prices by 3 percent to 4 percent.
The Ukraine crisis – are there implications to the Antwerp Diamond Center and global diamond industry
It is not unusual for international geo-political events to have an influence on the diamond industry.
Does De Beers have arrangement to enter synthetic diamond market?
Promoters of synthetic diamonds often argue that if all diamonds are grown in a lab, that would eliminate blood diamonds.