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The current year, not the best for the global diamond industry, witnessed a whole series of events and phenomena arousing discussions in the trade.
Congratulations are due to the UN following the announcement by the M23 rebel force in the Democratic Republic of Congo that it is disarming, thus ending a long-lasting insurgency in the country.
The IDEX Online Polished Diamond Index was nearly flat in October, increasing by 0.1 percent compared to September. One-carat rounds declined by 0.4 percent in October.
Reports that India is considering raising the import duty on polished diamonds from 2 percent to 5 percent is a stunning development. Especially in the context of the difficult year that the local industry has endured, such a move would be shortsighted and damaging to the trade.
A few years ago, during a trade show, I bumped into a diamond trader I know who presented me with his new business card. On one side of it, the card had the expected contact details of his new diamond venture, but the other side held a surprise – the name and address of a […]
Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry.
I’ve been reading all the reports this week about the next trade “crisis,” the apparently large volumes of undisclosed synthetic melee being mixed in with batches of natural diamonds.
Given recent reports that synthetic melee is being sold undetected, the question is: How should the industry handle this?
There is rising concern that synthetic lab-grown diamonds are filtering into the market mixed into parcels of natural diamonds.
After months of pointing out what is wrong and needs changing in the diamond industry, discussing problems and spreading gloom, it is time to take a positive approach and make constructive suggestions, a roadmap to a healthier sector, if you will.
Zimbabwean President Robert Mugabe claimed last month that former Zimbabwe Mining Development Corporation (ZMDC) chairperson Godwills Masimirembwa extorted $6 million from a Ghanaian company that sought to invest in the Marange diamond field on a joint venture agreement with the state-owned firm.
Fancy colored diamond prices are showing significant gains in 2013 while other goods struggle along.