Why Rio Tinto opted not to sell diamond business?
Rio Tinto said in March last year that it was undertaking a strategic review of its diamond business.
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IDEX Online rough diamond market report: dreary summer
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.
Exit interview with ex-special advisor on conflictdiamonds Brad Brooks-Rubin
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.
China maturing
Among the many landmark developments evolving in the industry this year is that China is changing.
Meeus Lashes Out at Diamond Industry NGOs
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.
Interview with Dominion Diamond CEO Bob Gannicott
Dominion Diamond Corp. has been in the news quite a bit lately with its sale of Harry Winston and purchase of the Ekati mine.
It’s not about price, but about the experience
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.
Market Insight: Russell Shor, GIA analyst
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.
De Beers June sight estimate at $540M
The De Beers June sight had an estimated value of $540 million and signaled cautious cutting center sentiment as the recent rupee depreciation has weighed on the Indian market and overall liquidity.
Grading the graders
No two diamonds are alike and it seems neither are their grading certificates. A survey by RapNet – the Rapaport Diamond Trading Network, found significant differences between laboratories grading the same diamond.
An email swindle hits Antwerp
On July 12, 2012, Yahoo disclosed that more than 400,000 usernames and passwords to Yahoo and other companies were stolen. The hack, a major breach of security for any firm, was not limited to Yahoo email accounts.
The diamond lab system is broken. How do we fix it?
The issue of variable lab diamond grading standards has been around for a while, but it seems to be dominating trade chatter in a way that it hasn’t before.