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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 […]
Have prices of Fancies truly declined in the past week? Not at all. The prevalent list is out of whack with the industry, and that, ladies and gentlemen, is the sad, brutal truth. My heart goes out to diamond traders the world over. It’s not only that the global economy is whipping them, De Beers and […]
Rubel & Ménasché, the well-known Paris-based diamond company, has become an important contributor to the Diamond Development Initiative International.
It was for the first time that investment and synthetic diamonds and their impact on the diamond industry were seriously discussed at the JCK Show held on May 29 to June 4 in Las Vegas.
China’s current ‘Year of the Dragon’ appears to have lost some of its fire as investors and analysts view China’s economy with increasing caution. Chinese diamond buyers have picked up on that sentiment and are holding back from making large-inventory purchases as global economic concerns deepen and local consumer confidence fades.