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Angola is looking for investors in its diamond industry. In so doing, the country is marketing itself as a conflict-free and friendly environment and is vying to be the Kimberley Process (KP) chairman in 2015 to validate its claim.
What is the one thing that will elevate the diamond industry, that one secret ingredient that when added will transform the diamond industry from one that survives to one that thrives?
De Beers CEO Philippe Mellier says he is fully confident that parent company Anglo American has no plans to sell the veteran diamond producer.
Eng. Antonio Carlos Sumbula Chairman of Endiama, Honourable Governors and Ministers, Your Excellency Prof. Dr. Francisco Queiroz, Mr. Ambassador Nhlapo, Hon. Susan Shabangu,
Rio Tinto said in March last year that it was undertaking a strategic review of its diamond business.
There is a passage in the Talmud that says, “More than the calf wants to suckle, the cow wants to nurse.” Today’s rough diamond market is a good example of this:the miners want to feed manufacturers rough more than the manufacturers want to buy it.
After 4½ sometimes turbulent years manning the State Department’s conflict diamond desk and being involved with the Kimberley Process, Brad Brooks-Rubin is moving on.
Among the many landmark developments evolving in the industry this year is that China is changing.
Peter Meeus, the chairman of the Dubai Diamond Exchange, which is part of the Dubai Multi Commodities Centre, lashed out at non-government organizations (NGOs) for over scrutinizing the diamond industry.
Dominion Diamond Corp. has been in the news quite a bit lately with its sale of Harry Winston and purchase of the Ekati mine.
The battle for market-share is raging between traditional stores and online operations. And this is not confined to the diamond jewelry sector, it’s taking place in every consumer category.
New York–Diamond prices are likely to remain stable in the near term and the economy as a whole is improving, giving retailers a reason to be optimistic, says Russell Shor, senior analyst for the Gemological Institute of America.