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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.
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.
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.
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market.
For about seven years now, industry, academia, and many other fields of human activity have begun talking about “Tipping Points“.
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.
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.
Last week, Eli Izhakoff stepped down after 13 years heading the World Diamond Council, which represents the diamond industry in front of the Kimberley Process.
Avi Krawitz, would you please introduce yourself and explain the story of your career? I grew up in Johannesburg, South Africa, where I studied business finance at Wits University.
“We believe that the future of diamonds is in branded diamonds,” Philippe Mellier, De Beers chief executive officer (Israel – June 26, 2013).
Come and join us celebrate 100 years since the first discovery of diamonds in Angola, was the invitation from state-owned diamond firm Endiama.
Forget Breakfast at Tiffany’s, ultra-wealthy women are ordering lunch, dinner and a midnight snack at the luxury jeweler.