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Belgium irked the hell out of Global Witness, a world monitoring group on conflict diamonds, when it said last week that the European Union (EU) should lift sanctions imposed on the Zimbabwe Mining Development Corporation (ZMDC), which mines diamonds in Marange.
Among the many significant developments that evolved in the diamond industry in 2012 was a growing awareness about price differences between tinted and non-tinted polished stones. Diamond dealers have come to recognize stones with a greenish-brownish tint as having originated from Zimbabwe’s Marange mines.
De Beers’ profits for 2012 fell 49 percent year-on-year to just $506 million. The sharp drop in profit comes on as sales fell 16 percent to $6.1 billion. Rough diamond sales decreased 15 percent to $5.5 billion.
The debate about investing in diamonds in the popular and economic press mostly considers investment in 1-carat white goods, the kind considered the “bread and butter” of diamonds.
Hardly anything trumps bad news, especially if it’s full of blood and gore. Everyone rubbernecks to see the damage when passing a car accident. Serious twisted wreckage makes us slow down even more to get a longer look at the disaster.
While the majority of diamonds appear colorless or have only a slight yellow tint, the world’s most famous diamonds — among them, the blue Hope diamond and the Moussaieff red diamond — are colored, Charlotte McLeod says in an article posted on resourceinvestingnews.com.
The recent proposals made by the Gem and Jewellery Export Promotion Council (GJEPC) for the 2013-2014 Union Budget are a step in the right direction but are not far-reaching enough.
Polished diamond prices softened in January after their moderate increase in December. Prices declined 1.1 percent following lukewarm demand for diamond jewelry in the holiday season and expectations that retailers will restock slowly.
The recent improvement in both rough diamond trading and prices in the secondary market should raise some eyebrows. While it has helped inject additional confidence into the market, it remains unclear whether this momentum will be sustained.
What is the chance for an American consumer to buy these days a piece of diamond jewelry made of a rough diamond found, for instance, in the Soviet Union in 1974? Or in Angola in 1993? Or in Côte d’Ivoire in 1995? According to Chaim Even-Zohar, the “home mine” owned by the U.S. population has […]
Prices stable as premiums improve De Beers January sight had an estimated value of $550 million as the company continued to limit supply. Prices were basically stable with slight changes made to assortments.
Various factors drive rough diamond buying. An obvious one is expectations of polished diamond sales.