India matters
The annual India International Jewellery Show (IIJS) has surprisingly set the tone for what followed in the global diamond market in the past two years by going against the grain of expectation.
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Zim diamonds: when fiction masquerades as fact
It was interesting reading an article, which cited the Zimbabwean mines minister Obert Mpofu as saying that the southern African country was set to “dominate” the global diamond market.
Why Botswana chose not to raise stake in De Beers?
Anglo American agreed last year to buyout the Oppenheimer family’s 40 percent stake for $5.1 billion in cash.
Botswana Rises
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 […]
The “Hands Off” approach
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 […]
De Beers moves aggregation of worldwide production to Botswana
Milestone in transformation of Botswana into a global diamond centre. Press release.
Stephan Wolzok: “We can all feel the instability, but it is only short term”
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.
KP Chair Updates Vision Statement, Seeks Comment By Aug. 24
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.
Sierra Leone Transforms Into A ‘Dominantly Primary Resource’ Diamond Producer
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 Rough Reality of 2012
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.
The consumer is king
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.
Kimberley Process data for 2011: global production of diamonds in carats falls, prices rise
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.