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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.
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.