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Press Release: The Diamond Development Initiative (DDI) has released the draft standards for its Development Diamonds ethical certification project. The goal of the project is to help ensure that the more than 1.5 million artisanal and small-scale diamond miners become part of broader efforts to promote responsible business practices. The Development Diamond Standards (DDS) project […]
The diamond industry came to the Las Vegas shows with moderate expectations. In today’s economic climate, moderate expectations should be considered high, since all prospects are viewed with caution.
An alarm must be sound. In October 2007, nearly a year before Lehman Brothers filed for bankruptcy protection, leading stock indices peaked and from there started to fall, a decline that ended only in February 2009. The plunge was an unheard early warning.
The JCK Las Vegas show ended on Monday with mixed reports from diamond exhibitors. Overall, the show was okay. While it did not signal a significant boom in trading, most left satisfied that the U.S. market is stable in the near term.
The Kimberley Process intercessional meeting in Washington D.C. concluded today with chairwoman Gillian Milovanovic, representing the U.S., commending all parties involved for working towards the November plenary meeting. “I can say that it was a very positive meting where a lot of work was accomplished,” she said, adding “the intercessional, as you know, is not a […]
Being a senior GIA industry analyst, Russell Shor gives a close look at the complex political and economic issues facing today’s gemstone and jewelry industries in his interview to Rough&Polished.
The transformation of ALROSA into a public company and its subsequent access to the stock exchange were accompanied by rosy forecasts from stock market analysts and by blissful expectations on the part of traders.
The following is the full transcript of the speech delivered by Eli Izhakoff, President of the World Diamond Council, to the Intercessional Meeting of the Kimberley Process, which opened in Washington, D.C., this morning.
It’s going to get worse, before it gets better. After weeks of quiet contemplation, last week it became known that some 600 lab-made diamonds were submitted, undisclosed, to IGI for grading. The concern was that it was not an isolated case and more undisclosed goods are in circulation. Wednesday night, Chaim Even-Zohar published more disturbing details […]
Dear Sightholder, We are conscious that the value of diamonds is ultimately driven by consumer demand and prior to the JCK Las Vegas show, we wanted to provide you with an update on the evolution of our average prices.
We asked our International team of reporters and editors, located in the United States, Russia, Namibia, China, Italy and Belgium, to send their questions for an interview with the KP Chair Milovanovic. We would like to sincerely thank Ambassador Gillian Milovanovic for taking her time to answer our questions.
If it looks like a diamond and shines like a diamond, it must be a diamond. That is, at least, from a consumer point of view. The respective discussions this past week regarding undisclosed synthetic stones filtering the market and attempts at the World Diamond Council (WDC) meeting to widen the definition of conflict diamonds […]