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The solid prices achieved at Christie’s auction on Wednesday are proof that investment in high-end diamonds is going strong – exceptional diamonds become available at a slow pace, sellers find buyers and buyers are paying top dollar for these rare and beautiful diamonds.
October marked “the end of an era” at De Beers, as it closed the book on 80 years of holding its sights in London. And now, we turn the page to a new era: November brings the first allocation held at De Beers’ new sorting center in Gaborone, Botswana.
The U.S. government shutdown that began on October 1 could not have come at a worse time for retailers. While the impasse continues, the all-important Thanksgiving weekend is fast approaching – a time when retailers could do with every sense of stability at their disposal.
De Beers sightholders expressed frustration following the October sight as there remains little profitability or liquidity on the rough market.
The sweet smell of coffee’s success is a learning opportunity for diamonds. In Israel, a cup of cappuccino costs 10-15 shekels ($2.80-$4.20) depending on the café and its location.
The statement published this week by India’s diamond industry had an unnerving, 2008 feel to it. While the Gem & Jewellery Export Promotion Council (GJEPC) fell short of stopping all rough imports to the country, as it did in response to the 2008 crisis, the group reported that India’s medium-to-large diamond manufacturers have significantly reduced […]
Prices of polished diamonds are rising again, as the IDEX Online Polished Diamond Index increased by 1.0 percent to 132.6 in September compared to August. One-carat rounds increased by 1.1 percent during the month.
Is ALROSA worth $9 billion? After years of preparation, on Wednesday morning, October 2nd, ALROSA announced a free float of up to 16% of its shares.
In February this year, the European Union (EU) agreed that it will lift sanctions imposed on the Zimbabwe Mining Development Corporation (ZMDC) within a month of the Zimbabwe plebiscite if all member states agree it was peaceful and transparent.
The current low polished diamond prices, a result of low demand among other reasons, is cause for concern for many in the market.
ALROSA has published an update of its reserves and resources estimated under the JORC Code. These figures once again confirmed the company’s claim for leadership in the global diamond market.
In less than two weeks, De Beers will hold its very last Sight in London. Starting in November, the Sightholders who received their Sight in London will be traveling to Gaborone in Botswana instead.