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It’s a thorny issue and the arguments for both sides are well-rehearsed and sincerely expressed. Nonetheless, has the point been reached where much of the diamond industry is being damaged by diamond tenders?
Who would think anyone might want to exchange their diamond engagement ring – or a ring that belonged to their mother, grandmother, or aunt? This seems to contradict the famous slogan “A Diamond is Forever” or the current trend of considering diamonds as new highly prized investments…
A few days ago, I got an email from a freelance reporter working on a story for a very well-known and respected daily newspaper. She had a few questions about the diamond industry and mentioned as a matter of fact the “death tolls” of the diamond industry.
The trends that have unfolded in the apparel sector over the last three decades appear to be playing out in the jewelry sector, but at a much faster pace.
The diamond mining sector tends to go through waves of acquisitions. The last round saw Dominion Diamond Corporation and Petra Diamonds emerge as high-volume producers as they snapped up mines that were for sale at BHP Billiton and De Beers respectively.
Tiffany & Co. chairman and CEO Michael J. Kowalski is calling on fellow jewelers to take a stand against the proposed Pebble Partnership gold and copper mine in Alaska’s Bristol Bay.
Diamond manufacturers are frustrated by the long turnaround time of goods being sent to the Gemological Institute of America (GIA) for certification.
Is the diamond industry marketing itself successfully at the level of the organizations that represent it?
The Financial Action Task Force’s (FATF) latest typologies report has concluded that the diamonds trade is subject to considerable money laundering and terrorist financing vulnerabilities and risks.
The internecine wars, which took place in the 1990s in Angola, the Democratic Republic of the Congo, Liberia and Sierra Leone, were largely bankrolled and fuelled by trade in conflict minerals, particularly diamonds.
London – De Beers is now in the manufacturing stage with its melee screener and will lease it to interested sightholders in the second quarter before placing the device in a grading and research facility it operates in Antwerp, making it open to the trade more generally.
Rough prices, premiums rise. The De Beers January sight closed with an estimated value of $700 million as the company raised prices by 5 percent on average.