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No change to conflict diamonds. The Kimberley Process’ plenary in Washington D.C. concluded today with the organization ending its monitoring on Zimbabwe and agreeing to add an administrative support team.
In many ways, the entire diamond pipeline, from mining to retailing, has hardly changed in decades, with the exception of online sales and a long list of technological innovations that mostly have to do with other aspects of the diamond industry. In fact, where small developments did take place, most want to reverse the changes, […]
She made history as the first ever female to chair the Kimberley Process on behalf of the United States. Ambassador Gillian Milovanovic, who had been at the helm of an organisation established in 2003 to promote the trading of conflict free diamonds, will soon be bequeathing her position to another female leader
Press Release (OTTAWA) – The Diamond Development Initiative (DDI) is very pleased to announce that three African governments have made financial contributions to its work.
Arguably, the Canadian diamond industry’s best years have passed. While its flagship Diavik and Ekati mines are aging, the mines being developed are not of the same scale or value. But they are among the more attractive new diamond projects out there and Canada remains a relatively unexplored diamond frontier compared with other countries.
There is so much for us to be thankful for, and so much more that we can and should improve, change or create before we could be thankful for more. First and foremost, we should be thankful for the diamond jewelry buying public. Without them, there is no business. Yes, they are finicky, and at […]
Although the decline in rough prices has brought some relief, the rough diamond sector is still suffering from many problems. Some of them, such as profitability, are old and others, such as claims of inconsistency in Diamond Trading Company (DTC) assortments, are new.
Emotions erupted at the just ended Zimbabwe diamond conference as delegates and industry leaders spoke against sanctions imposed on companies operating in Marange by the United States. The debate over the trade embargo was so super-charged that gloves were taken off for a knuckle bare verbal fight.
For news junkies in the diamond industry, this past week was a relatively exciting one. And for once it wasn’t De Beers making the headlines. This time, BHP Billiton completed its diamond exit by agreeing to sell the Ekati mine in Canada to Harry Winston for $500 million, while further west, ALROSA signed a two-year […]
Kristall is the largest diamond manufacturer in Russia and one of the largest in Europe. Based in Smolensk, the company is producing top-quality polished diamonds and occupies a prominent place in the global diamond community successfully competing with many world-renowned firms.
What can the market expect from Harry Winston Diamonds’ purchase of BHP Billiton’s diamond business? Prima facie, an established and experienced Canadian miner, with a high-end and successful diamond-jewelry retail operation, widened its mining operation, strengthening its position according to its “Bookends” philosophy. A closer look, however, reveals a far more complex picture and raises […]
De Beers sold an estimated $480 million worth of rough diamonds at its November sight that ended this past week. Sightholders continue to note difficult market conditions and low profit margins as De Beers has curbed supply and kept its prices steady. “It was a smaller sight than October but it went well,” said Nigel […]