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Press Release: Millennial-age consumers—the generation comprising the primary bridal jewelry market—are both far more conscious of social responsibility than previous generations, and far more demanding that the companies they do business with behave responsibly and give back. For jewelers, this means not only being able to reassure customers that your diamonds are conflict-free, but also […]
The World Diamond Council this week voted in favor of discussing a change to the definition of conflict diamonds as described in the Kimberley Process Core Document. While not binding, it is a much-needed evolution. But will it actually result in any change?
The World Diamond Council’s (WDC) 8th Annual Meeting has concluded. The meeting passed a resolution expressing support for expanding the definition of “Conflict” as defined by the Kimberley Process Certification Scheme. Keynote speaker Susan Shabangu, mining minister of South Africa, stated that the challenge to the sustainability of the diamond industry is no longer limited […]
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 […]