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Should the recent conviction of Liberian warlord Charles Taylor for war crimes be seen as the last word on blood diamonds, or a moment to take note of how the diamond industry has been caught offside by new forms of violence that threaten once again to taint a “girl’s best friend“? It’s a question the […]
When it comes to profit margins, the middle man always gets squeezed. From a diamond industry perspective, this is easily assessed with a quick look at the financial statements of companies operating in the various sectors along the pipeline.
The Reserve Bank of India (RBI) directed exporters to convert 50% their foreign currency held in Exchange Earner’s Foreign Currency (EEFC) accounts into rupee within a fortnight to curb the currency’s slide against the dollar.
A new Nintendo strategy game, soon to be released is made of common motifs: a somewhat real background, a series of activities to build your position – and behaviors that are unacceptable in the real world. Like many other such games, “Diamond Trust of London” builds on and preserves existing stereotypes. Unlike most other such games, […]
Recycled diamonds are a growing source of diamonds for traders since the 2008 economic crash and since became a focus for a number of companies in the industry that now specialize in it. One such company, White Pine Trading, recently sold more than $5 million worth of recycled diamonds.
The Diamond Trading Company’s (DTC) May sight achieved an estimated value of $520 million. The De Beers distribution unit made slight adjustments on its prices, by increasing some boxes while decreasing others.
Gemologist extraordinaire Antoinette Matlins asked the following question in a forum this week, “Is the world of diamonds as you’ve known it about to change forever?” The answer is of course yes.
A recent TV news program reported a bankruptcy at the Israel Diamond Exchange (IDE). The reporter had very little information about the event, but finished the report with the statement, “This case too will be concluded behind closed doors… as usual with the diamond industry.” The only thing missing was a knowing wink that says, […]
Two trends have emerged at the start of the second quarter that will likely influence diamond trading for the remainder of 2012. One, rough prices have increased while the polished market continues to tread cautiously. Two, growth is being spurred by demand in traditional markets while the emerging markets are relatively restrained, thus reversing the […]
Last year was an excellent year for us,” said the outgoing De Beers chairman Nicky Oppenheimer at a party with clients. “If you didn’t make money, then you are obviously in the wrong business,” he semi-quipped before a stunned audience.
A small number of investment professionals around the world are competing behind the scenes to turn the gem into a commodity that would be available to investors in the way that gold has been traded through funds on exchanges.
The diamond industry ended the first quarter of 2012 with a sense of relief. Trading has been steady but cautious and prices in March were relatively firm. While business has not been booming, it could have been worse. The preceding third and fourth quarter of 2011 certainly were.