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Buyers focused on lower price points. Diamond exhibitors reported mixed sales at the Hong Kong Jewellery and Gems Fair as buyers focused on lower-price-point, commercial diamonds ahead of the fourth quarter.
Today, a company’s ability to demonstrate social responsibility of its business is needed as much as its financial statements verified by auditors.
The global rough diamond market, with its high prices and the desire on the part of miners to maximize profits through revenues, has hit an unusual situation – the banks financing rough diamond purchases have called for a halt to rising prices and the inability of manufacturers to polish the goods profitably.
Diamonds are fast becoming one of the most divisive investment opportunities. Among other issues, prospective buyers worry about resale problems, valuation and whether to buy white or colored diamonds, all of which are related to the overarching concern of transparency.
When WikiLeaks unveiled the treasure trove of U.S. State Department communications in 2010, reporters from all industries found something relevant to their area of reportage.
Dorothée Gizenga has been Executive Director of the Diamond Development Initiative since 2008. Each day, she continues the long-term battle to improve the living and working conditions of artisanal miners.
Every single day we take chances. Some small, some dangerous, but inevitably, making decisions means taking risks. It’s a basic part of doing business and growing.
An unusual experiment on precious gems made at the Moscow Institute of Steel and Alloys. Few of the rank and file people can afford buying a coloured natural polished diamond, writes Natalia Vedeneyeva on www.mk.ru. Such ‘sparklers’ are very expensive.
The average diamond price per carat value of annual global production declined last year driven primarily by softer pricing across all diamond categories as well as the increased production of lower quality diamonds.
Clients leave behind approximately 20% The De Beers August sight closed with an estimated value of $600 million before refusals. Sightholders reportedly refused 20 to 25 percent of the goods that were offered at the sight.
The 30th Hong Kong Jewellery and Gem Fair will open its doors on 11 September 2013. It’s a key event in the diaries of jewellery and fine jewellery professionals across the world that will set the tone for the diamond market over the coming months.
The rupee’s dramatic slide this week, and in the months before, is forcing India to refine its place in the diamond market. India’s large manufacturers ought to prosper from the depreciating currency while its trading activity continues to be compromised.