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De Beers Boxes
De Beers August Sight Estimated at $715M
The De Beers August sight closed last week with an estimated value of $715 million as the company maintained steady prices despite liquidity concerns in the diamond manufacturing sector. Rough trading slowed on the secondary market...
Rough Markets Aug 27, 2014 Avi Krawitz
Internet Search Keyboard
Blue Nile's Diamond Prices
Blue Nile is being challenged by rising diamond prices, forcing the online jeweler to seek out growth in other areas. As diamond prices rise, eroding Blue Nile’s competitive advantage that its lower online prices offer,...
Retail Aug 15, 2014 Avi Krawitz
Surat Factory Workers
Excess Diamond Inventory
By many accounts, there is a large volume of polished diamonds stuck in the middle of the pipeline. The dichotomy appears to be that the most profitable mining and retail sectors are keeping low inventory levels while diamonds...
Polished Markets Aug 08, 2014 Avi Krawitz
Letseng Mine
Gem Diamonds Recovers 198ct. Type IIa Diamond at Letšeng
Gem Diamonds reported that it recovered a 198-carat, type IIa diamond from the Letšeng mine in Lesotho at the end of July 2014.The company explained that the diamond, is exceptional white and displays no florescence. The diamond...
Mining Aug 05, 2014 Avi Krawitz
Venetia Mine
Anglo's Diamond Division
Mark Cutifani, the CEO of Anglo American, was visibly pleased with Philippe Mellier during Anglo’s recent earnings presentation. De Beers was a star performer for the diversified mining conglomerate during the first six...
Rough Markets Aug 01, 2014 Avi Krawitz
Trade Report Icon
Trade Report
Trading Slow at India ShowPolished markets are seasonally slow and prices soft while rough remains firm as diamond centers close for summer vacation.Diamond manufacturing margins remained under pressure in July as polished trading was...
Magazine-Industry Jul 30, 2014 Avi Krawitz
Bharat Diamond Bourse
India's Diwali Honeymoon
India’s diamond and jewelry trade has high expectations that the new government of Narendra Modi will enable a more favorable business environment. As a result, amid the low level of activity at the India International Jewellery...
Polished Markets Jul 25, 2014 Avi Krawitz
ALROSA's Udachniy mine
Global Diamond Production +11% to $14B in 2013
Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global...
Mining Jul 22, 2014 Avi Krawitz
IIJS 2014 Sign
Slow IIJS Show Reflects Cautious Yet Optimistic Indian Market
The India International Jewellery Show (IIJS) ended on Monday with diamond suppliers reporting relatively low volume of trading and some softening of prices for select goods. The show began on Thursday, July 17 with visitors...
Polished Markets Jul 21, 2014 Avi Krawitz
Just Married
The Bridal Jewelry Boom
Demand for engagement and wedding diamond jewelry is stronger than ever, presenting an unparalleled opportunity for the trade. Today’s couples may be well-informed and have larger budgets, but they’re still looking for guidance...
Retail Jul 18, 2014 Avi Krawitz
Diamond Digger
Development Diamonds
The diamond industry needs to support programs to uplift its vast artisanal mining sector. The more than 1.5 million diamond diggers – predominantly in West Africa – and their estimated 10 million dependents, remain the most...
Fair Trade Jul 11, 2014 Avi Krawitz
Israel Diamond Exchange
Israel's Polished Diamond Exports +6% in 1H
Israel’s polished diamond exports rose 6 percent year on year to $3.552 billion in the first half of 2014, according to data published by the Ministry of Economy. By volume, polished exports fell 7 percent to 1.335 million carats, while the...
Polished Markets Jul 08, 2014 Avi Krawitz
israel
Kobi Koren Elected President of Israel Diamond Manufacturers Association
The Israel Diamond Manufacturers Association (IsDMA) on Sunday elected Kobi Koren as its new president, according to the Israel Diamond Exchange's (IDE) website. Koren replaces Avraham (Bumi) Traub in the position.Koren also serves as chairman...
Manufacturing Jul 06, 2014 Avi Krawitz
dubai
Dubai's Rough Diamond Exports +6% in 2013
Dubai’s rough diamond exports rose 6 percent year on year to $7.296 billion in 2013, the Dubai Diamond Exchange (DDE) reported. By volume, rough exports grew 12 percent to 68.266 million carats, while the average price of Dubai’s...
Rough Markets Jul 06, 2014 Avi Krawitz
Rough Under the Loupe
A Tougher Third Quarter
The second quarter was always going to be a quieter period for the diamond trade. Therefore, few were surprised that the RapNet Diamond Index (RAPI™) for 1-carat diamonds softened during the period, as reflected...
Polished Markets Jul 04, 2014 Avi Krawitz
Trade Report Icon
Trade Report
Will Profitability Return?The World Diamond Congress discusses numerous challenges facing the industry while the trade hopes for better margins in the second half of the year.The ability of diamond cutters to profit from their...
Magazine-Industry Jul 01, 2014 Avi Krawitz
Rapaport Certification Conference
Sellers are Responsible for Diamond Authentication
The annual Rapaport Certification Conference that took place at the JCK Las Vegas show highlighted that jewelers are responsible for the authenticity of the diamonds they’re selling. “Jewelers have the first line...
Polished Markets Jun 25, 2014 Rapaport News
DTC Botswana Building
De Beers to Unveil Sightholder Requirements in July
De Beers will unveil in July its requirements for sightholder applications for the next three-year contract period, company executives said on Monday in Israel. They stressed that the focus will be on ensuring greater transparency and...
Rough Markets Jun 24, 2014 Avi Krawitz
WDC Meeting 2014
Challenging Congress
The 36th biennial World Diamond Congress that took place in Antwerp this week offered an opportunity for industry leaders to tackle the trade’s most pressing issues. While much of the discussion focused on the reporting...
Polished Markets Jun 20, 2014 Avi Krawitz
Namdeb mine
Namibia Mulling Diamond Sales Without De Beers
Namibia is considering establishing a company to sell diamonds outside of the De Beers framework that is currently in place. “Our diamonds are sold through a joint venture with De Beers but we are considering setting up a company through which we will...
Rough Markets Jun 18, 2014 Avi Krawitz
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