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Here are a few facts: Polished diamond sales are down, rough is expensive, financing is below needs or bares high interest, the European economic outlook is grim, generic marketing is nonexistent, the prevalent price list is out of whack, in China GDP is growing but the pace is slowing, in India the exchange rate is […]
Botswana is regarded as the world’s leading diamond producer by value and the second largest producer by volume after Russia. Of late the economy of the southern African nation had been under pressure given the somewhat poor performance of the diamond industry
Does the DTC move to Botswana, the launch of the government’s own sights and a burgeoning polishing industry ensure long-term economic stability for the country? Botswana, along with its diamond-dependent economy, finds itself on the brink. After years of planning and negotiations, Botswana’s capital city of Gaborone is about to assume the position of the […]
Diamond rich and politically stable, Botswana looks to the future. When the London sights move to Gaborone, the capital city of Botswana, by the end of 2013, sightholders will find themselves close to the diamond mines that are at the heart of their business. Botswana is a unique African nation with dramatic and beautiful wildlife, […]
The complicated dance between De Beers sightholders and the London-based brokers who work with them is about to get considerably more complex with the imminent move of the sights to Gaborone. It is anticipated that the first full Gaborone sight will take place in January of 2014. Diamond brokers are a vital link in the […]
It may have taken a downturn to prove it, but Diamond Trading Company (DTC) sightholders are sensing that the game has changed. As a result, there was an underlying anger emanating from this week’s DTC sight as prices softened a mere 3 percent and De Beers supply remained unprofitable.
In March 1981, after a long run of inflationary diamond prices, Thomson McKinnon Asset Management Inc. launched the Diamond Investment Trust; one of several trusts it formed to invest in diamonds. In retrospect, diamond prices were past their peak and cooling, eventually leading to the collapse of the trust. At launch, shares in the Trust traded […]
Press Release: On Tuesday, Antwerp’s Diamond Trading Company (DTC) sightholders, diamond brokers and the AWDC, the umbrella organization representing the industry, paid tribute to Nicky Oppenheimer, the retiring chairman of the De Beers Group.
The diamond market in the first half (H1) of 2012 vastly differed from that in H1 2011. From liquidity to polished prices to consumer demand, conditions were clearly not as robust. As macroeconomic conditions continue to deteriorate, the diamond market continues to soften, but major rough diamond suppliers De Beers and Alrosa are resisting price […]
De Beers Reduces Prices 3%. The Diamond Trading Company’s (DTC) July sight had an estimated value of $420 million before deferments or ex-plan, as De Beers reduced prices slightly. At press time, DTC sightholders were expected to reject goods to be offered, which would reduce the value of the sight.
We know his scathing columns and his vitriolic analysis of the news and customs of the diamond industry. Charles Wyndham, founder of PolishedPrices, is among those who “knock over the ant-hill”, far from the legendary British stiff upper lip. He granted an interview to www.rubel-menasche.com, and answered questions without beating around the bush…
Competition is rising between the diamond trading centers. Not only are there new kids on the block vying for a greater portion of the global rough and polished trade, but the diamond distribution channel is constantly changing. No longer are New York, Antwerp, Mumbai and Ramat Gan the obvious destinations for the diamond business as […]