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There was a buzz emanating from Botswana this week felt well beyond its borders as De Beers launched its aggregation activities in Gaborone and Okavango Diamond Company finally appointed a managing director. Considering that Botswana is bound to set a number of milestones along its journey to establishing its diamond trading hub in Gaborone, these […]
A recent article in The Wall Street Journal about Clinique’s new approach to selling makeup and beauty products has me thinking about potential ramifications for our industry. While the price points of jewelry and makeup are far apart (unless you happen to be in the market for some black diamond nail polish), the jewelry industry […]
Milestone in transformation of Botswana into a global diamond centre. Press release.
Rubel & Ménasché has been supplying the jewelry houses of Place Vendôme with high-end small diamond goods for over 50 years. The company’s specialty is extremely well-finished stones, which it offers to top jewelry brands the world over.
Press Release: The U.S. chair of the Kimberley Process (KP), Gillian Milovanovic, released a vision statement calling for participants’ cooperation on issues of reform.
Exactly 80 years after Sierra Leone’s first alluvial deposit was found along the Shongo stream, the country’s diamond scene has finally entered into an entire new era: it is joining the ranks of Botswana, Canada, Russia and Australia by becoming a predominantly hard-rock kimberlite diamond-mine producer.
The 2011 global production data published by the Kimberley Process (KP) last week presented a vastly different market scenario than what is the reality today. Then again, a very different atmosphere has engulfed the industry in the past seven months, influencing a drop in demand for rough and its resulting polished.
A few months ago I went shopping for new eyeglasses, and stopped in a new optical store near my home. I told the shopkeeper what I wanted – round frames similar to Harry Potter’s. The shopkeeper smiled and said, “No, they are out of fashion.
Global production of rough diamonds in carats continues to decrease, as evidenced by the data of the Kimberley Process. Diamond output in 2011 reached 123.989 million carats, 3.4% down compared with 2010.
There is somewhat of a dichotomy present in the high-end diamond sector. While the European luxury jewelry and watch companies continue to post strong growth, suppliers of diamonds used by this sector have noted a sharp slowdown in demand.
Diamond miners, if they have the option, won’t decrease prices. It’s not as obvious as it may sound – many will prefer keeping the goods than lower prices. The benefit of what is referred to in the market as having “a strong hand“.
The Reserve Bank of India (RBI) backtracked somewhat on guidelines for exporters, currency exchange traders and authorized dealer category banks on converting foreign currency held in Exchange Earner’s Foreign Currency (EEFC) accounts into rupee in order to provide operational flexibility.