Americans are spending less on diamond jewelry
In the past decade, Americans spent less of their income on diamond jewelry.
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De Beers july sight estimated at $600M
De Beers sold an estimated $600 million worth of rough diamonds at its July sight after making slight increases to prices, on average.
Doing for others is still the best way to reach Millennials
Merrick, NY—Despite being branded as “entitled” from a collectively coddled upbringing, Millennials are far more likely to be community minded and concerned with the welfare of others than their Boomer parents or Gen-X predecessors.
DRC learns quality matters most than volume in diamond mining
The Democratic Republic of the Congo (DRC) produced 21.524 million carats last year, data published by the Kimberley Process (KP) shows.
De Beers develops ‘smartest’ rough diamond distribution
De Beers recently said that it will start providing customers of its rough diamond auctions with an opportunity to determine the volume of goods they wish to purchase, over a given period, through the introduction of forward contract sales.
Diamond-cutting and -polishing industry in distress
The South African diamond-cutting and -polishing industry is in distress, states World Federation of Diamond Bourses president Ernie Blom, pointing out that, 20 years ago, the industry had 4 500 polishers – currently, there are fewer than 600.
Diamonomics
The diamond market is being greatly influenced by economic sentiment. A far cry from the supply-driven market that it once was, today, short-term diamond trading is largely driven by macroeconomic factors.
Index ranks diamond, gold-mining nations
New York – The Revenue Watch Institute, a New York-based nonprofit that promotes the transparent and accountable management of natural resources, recently released its 2013 Resource Governance Index, a ranking that includes a number of nations that mine gold and diamonds.
Rough forward contracts
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market.
Certainty in the diamond industry? Watch out for tipping points
For about seven years now, industry, academia, and many other fields of human activity have begun talking about “Tipping Points“.
Rubel & Ménasché represents French excellence!
Rubel & Ménasché has distinguished itself by obtaining the French Living Heritage Company (EPV) label. Honoured for the excellence of its re-cutting workshop, Rubel & Ménasché joined the very closed circle of SMEs that have this label on 28 June 2013.
Global Diamond Production -10% to $13B in 2012
Production by Volume +10%, Prices -14% Global diamond production fell 10 percent by value to $12.64 billion in 2012 as rough diamond prices slumped during the year, according to data published by the Kimberley Process Certification Scheme.