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There is always an attempt, a psychological one, to sugar coat bad news. This is not healthy, at times misleading, and at the end of the day, stands in the way of taking the steps necessary to turn bad into good.
Perhaps we are now witnessing a new stage in the evolution of the diamond market. Rough diamond producers continue to set prices at trading sessions, while buyers continue to acquire rough proceeding from their fortune.
Frances Gerety wrote “A Diamond Is Forever” for an advertising campaign for De Beers in 1947, and wrote all of the company’s ads for 25 years.
Unique diamonds are the talk of the town. While the rest of the trade struggles along, dealers at this week’s Basel show reported strong demand at the very top-end of the market.
Do different gemological labs grade the same diamonds differently, and if they do, is it wrong?
Over the past ten years, Dubai has firmly secured a footing as a world diamond and jewelry manufacturing center.
Steady demand for high-end, unique stone. Diamond exhibitors reported steady sales and strong demand for unique stones at the Basel show; however, they were frustrated by show expenses and venue changes made at this year’s fair.
The best thing one can do about 2012 is simply forget that it ever happened! The market contraction and the drop in rough and polished prices that started in the last quarter of 2011 continued throughout 2012.
Over $3 billion (P25 billion) worth of diamonds have been aggregated in Gaborone and distributed to three countries since the relocation of the exercise from London in August last year, Mmegi reported.
Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges.
The BRIC countries – Brazil, Russia, India and China – are the hotbed of growing diamond jewelry consumption. While the U.S. provides the slow, yet steady growth of a mature market, the BRICs are where the diamond industry has found large growth.
There is no truth in a report from Moscow, published simultaneously in two Russian business newspapers on Monday, that the Oppenheimer family is interested in buying shares of the Russian diamond miner Alrosa, if they are privatized by the government later in the year.