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The Diamond Disconnect
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There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion. Polished suppliers should not expect...
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Rough Markets
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May 24, 2013
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Avi Krawitz
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De Beers Raises Prices 4% at Its $600M May Sight
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The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond prices by approximately 4 percent. The price hike reflected a change in list prices on various goods as well as adjustments made...
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Rough Markets
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May 14, 2013
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Avi Krawitz
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Okavango to Hold First Diamond Auction in June
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The Okavango Diamond Company will hold a pilot sale of rough diamonds on June 26. The sale is intended to test the company’s systems before it launches full, regular auctions in September.Okavango will invite 50 companies to view...
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Rough Markets
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May 07, 2013
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Avi Krawitz
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Certified Polished Diamond Prices Stable in April
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PRESS RELEASE, May 6, 2013, New York: Certified polished diamond prices were stable in April as trading slowed during the Passover and Easter holidays. The Basel show and New York auctions demonstrated strong...
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Polished Markets
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May 07, 2013
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Rapaport
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De Beers Estimates Diamond Jewelry Demand +3% in 2012
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Consumer demand for diamonds grew by 2 percent to 3 percent in 2012, according to De Beers estimates, a considerable drop from the 10 percent rate recorded in the previous two years. The markets were negatively impacted by weakening macroeconomics and...
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Retail
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Apr 30, 2013
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Avi Krawitz
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Increased Diamond Production
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Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges. Theoretically, the trend should ease cutters’ concerns about prevailing high rough prices...
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Rough Markets
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Apr 26, 2013
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Avi Krawitz
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USPTO Grants 'Forevermark Diamond Institute' Trademark
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The U.S. Patent & Trademark Office (USPTO) issued the trademark ''Forevermark Diamond Institute'' to De Beers Centenary of Switzerland on April 23, with the registration number of 4324606. De Beers filed for the trademark on June 16,...
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Financial-Legal
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Apr 25, 2013
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Jeff Miller
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Forevermark Hosts Its Second Canadian Partner Forum
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Press Release: Forevermark, the diamond brand inscribed with a promise of beauty, rarity and responsible sourcing, and Crossworks Manufacturing Ltd. hosted its second annual Forevermark Canadian Partner Forum at the Prince of Wales Hotel...
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Marketing
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Apr 23, 2013
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Forevermark
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De Beers 1Q Diamond Production +3% to 6M Carats
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Anglo American reported that its first quarter diamond production from De Beers rose 3 percent year on year to 6.4 million carats. The increase reflected improved grades, however, that was offset by lower production due...
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Rough Markets
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Apr 19, 2013
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Jeff Miller
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Gold and Diamond Risk
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The recent slump in gold prices has not impacted the diamond market. Having enjoyed a stable and positive first quarter, diamond trading was steady this week while gold markets were in panic. However,...
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Polished Markets
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Apr 19, 2013
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Avi Krawitz
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De Beers YTD Sight Estimate -8% in 2013
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De Beers April sight value jumped 15 percent year on year, but the year to date (YTD) sight value is down about 8 percent, according to Rapaport Research. April's sight carried an estimated value of $650 million, with an average...
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Rough Markets
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Apr 10, 2013
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Rapaport News
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De Beers Raises Prices 3% at $650M April Sight
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The De Beers April sight ended this past week with an estimated value of $650 million after the company raised prices by an average of 3 percent. Some boxes, including stones above 5 carats and 1-carat to 2-carat goods,...
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Rough Markets
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Apr 09, 2013
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Avi Krawitz
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Certified Polished Diamond Prices Stable in March
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PRESS RELEASE, April 4, 2013, New York: Certified polished diamond prices held steady in March with 0.30-carat stones continuing to outpace other sizes. Market sentiment improved throughout the first quarter of 2013 driven by seasonal...
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Polished Markets
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Apr 04, 2013
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Rapaport
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De Beers, Rio Tinto Update Their 2013 Client Lists
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De Beers and Rio Tinto have updated their client lists for the current year on their respective websites. De Beers announced in March that it added five companies to its list of sightholders for the contract...
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Rough Markets
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Apr 04, 2013
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Avi Krawitz, Deena Taylor
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Jeanne Wang Joins De Beers Diamond Jewellers in China
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De Beers Diamond Jewellers hired Jeanne Wang as its managing director for China. Wang spent the past 16 years with Chanel and most recently served as general manager of the Chanel fashion division in China. Wang...
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Marketing
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Mar 25, 2013
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Jeff Miller
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Competitive Diamond Hubs
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In many respects, the contrast could not have been starker. Two vastly different diamond industry events took place this week, one in Dubai and the other in Ramat Gan, seemingly with different agendas...
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Polished Markets
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Mar 22, 2013
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Avi Krawitz
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Rough Markets
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Mar 19, 2013
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Jeff Miller
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De Beers Opens Stores in Kuala Lumpur and Baku
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De Beers Diamond Jewellers opened new stores in Kuala Lumpur, Malaysia and Baku, Azerbaijan. The stores feature De Beers unique store design concept using glass and light, raised counter spaces and special viewing...
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Retail
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Mar 19, 2013
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Jeff Miller
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Improving Demand at De Beers Rough Diamond Auctions
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De Beers sold 98 percent by value of the goods offered during its first two online auction sales in 2013, noting a substantial improvement in the rough market. The company declined to disclose the percentage of lots that were...
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Rough Markets
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Mar 18, 2013
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Avi Krawitz
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Bank Pains
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There is an increasing unease in the diamond trade that the banks are reducing their exposure to the industry. For a trade so heavily reliant on credit, the concern is justified. The banks are taking a more cautious approach...
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Rough Markets
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Mar 16, 2013
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Avi Krawitz
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