The R&M “Lettre”

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.

Right now the diamond market is unstable, but it has a very positive growth outlook over the longer term, according to experts from the Bain consultancy releasing the Global Diamond Report on an annual basis.

Sometimes the banks are the diamond traders’ best friend. Often there is a sense among diamond traders that the banks are not being generous enough with them, but in at least one instance, they are not just a friend, they are also lifesavers.

They aren’t the largest or wealthiest age group. They don’t lust for luxury and are immune to slick ads. But Gen Xers are wired to family and peers, making their influence hard to ignore.

August is more than half way through. Vacationers are returning home from their summer time off, diamond traders in Belgium and Israel are back in their offices and Indian manufacturers are fulfilling their orders from the India International Jewellery Show in Mumbai.

The sudden resignation of Gemological Institute of America (GIA) President Donna Baker last month perplexed many and set off endless rumors.

August 21: The Indian rupee continued its downward spiral this week setting a new record low of 64.11 to the dollar on Tuesday.