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(Bloomberg) – Diamonds from Zimbabwe’s Marange fields will be sold in Antwerp after the European Union lifted sanctions even as rights groups allege abuses at the mines and say revenue has financed President Robert Mugabe’s ruling party.
World’s biggest diamonds producer Alrosa is anticipating a big jump in prices for these gems due to both reduced production in the medium term will and increasing demand.
The year’s gloom may have a happy, or at least a semi-happy end. It’s far from being obvious, so it’s worth examining. A group of diamond jewelry retailers have recently reported their outlook for the coming months, including the holiday season, along with their third quarter results.
There is a wave of outrage washing across the global diamond business that hasn’t been matched since the issue of blood diamonds reared its head some 15 years ago. This one relates to the expansion of production of man-made diamonds (MMDs) and has an added edge: It potentially impacts every diamond dealer, jewelry manufacturer, distributor, […]
The World Federation of Diamond Bourses (WFDB) was created in 1947 to protect the interests of its founders, advocating for the sustainable development of the market and cutting industry.
After working almost two years in the diamond industry and reading articles on the subject almost daily, I find that some of them are of more concern to me than others. And the much-hackneyed theme of generic advertising is one of them.
The mid-stream diamond industry has been given a wake-up call this year by the corporatization of supply. Suddenly, the majority of rough production is being controlled by public companies following ALROSA’s October share placement and Anglo American’s 2012 buyout of De Beers.
As diamond market participants are well aware, the central aim of the Kimberley Process Certification Scheme (KPCS) is to curb trade in conflict diamonds.
The Oxford Dictionaries UK Word of the Year 2012 was ‘omnishambles.’ The word describes “a situation that has been comprehensively mismanaged, and is characterized by a string of blunders and miscalculations.”
Johannesburg – Last year at this time, the stage was set for a climatic meeting in Washington, with the Kimberley Process voting on an issue that had been debated and discussed all year: broadening the definition of “conflict” diamond.
In my blog last week, I closed with two questions: What is De Beers’ long-term plan, and will its parent company, Anglo American, continue to have an interest in supporting a small, declining part of its business?
The image of the diamond industry was somewhat soiled last year when it emerged that several synthetic stones had been marketed as natural.