A diamond weighing 30 carats which was found in early 2017 at the Arkhangelskaya kimberlite pipe was the last piece to bring Severalmaz diamond production to ten million carats from its Lomonosov deposit.
Laurelton Diamonds is holding the viewings of its next Tender of Polished Diamonds at the Laurelton Diamonds offices in New York, USA and Antwerp, Belgium, AWDC reported.
The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, according to Rapaport, which cites Bloomberg report.
De Beers said that its auction sales business will start piloting fixed-price forward contracts, which will provide a “highly effective” supply sourcing option for small and medium sized enterprises seeking access to regular rough diamond supply at a...
Rockwell Diamonds has recorded a C$5.5-million net loss for the third quarter ended November 30, 2016 compared to C$10.5 million net loss for the previous quarter due to litigation and the suspension of mining operations in South Africa.
(bloomberg.com) - The diamond industry is looking to up the ante on its effort to win over younger consumers more interested in gadgets and gastronomy.
19 january 2017
(europe.newsweek.com) - The global diamond industry has had to deal with a number of crises in recent years, but the emergence of synthetic stones may be its toughest challenge yet. Driven in part by consumer concerns over the sourcing of natural diamonds and backed by wealthy investors, the synthetic jewelry sector is growing exponentially. The affordability and comparable quality of man-made diamonds are forcing traditional traders to mount a rear-guard action to frustrate the competition.
18 january 2017
(bigstory.ap.org) - Instead of romantic proposals and engagement rings, the commercials trying to sell a new generation on diamonds show young couples rolling around on a bed, arguing in a car and even questioning whether they'll ever marry. The ads are one way the diamond industry is trying to reach millennials, the under-35-year-olds who may be more focused on paying off student loan debt than buying diamonds and getting hitched. De Beers, the company that helped pay for the new commercials, says millennials are still purchasing diamonds, even though they are typically less affluent than their parents were at the same age.
17 january 2017
(vogue.com) - In 2017, the possibilities are endless when it comes to weddings. Want to get hitched in a tree house? Or serve a “cake” made of donuts? Go for it. You can even get married at Kate Middleton’s palace and hire someone to write your maid of honor speech. One thing that is still hard to do, try as you might, is find a completely sustainable, conflict-free diamond ring. Brides-to-be who are wary of the diamond industry might work with a jeweler to verify that their diamonds are ethically sourced, but it’s impossible to know for certain if they harmed the planet or a person along the way. That was a big problem for Vanessa Stofenmacher, who spent two years working on a collection of diamond engagement rings for her direct-to-consumer, everyday jewelry brand, Vrai & Oro. “Our whole philosophy is to bring transparency to the industry, so when we started looking for a diamond source, it was really disheartening. Even ethical diamonds drain the lakes and destroy the ecosystem, so there’s a fine line between what’s ‘ethical.’ And the diamond industry itself is completely corrupt—it operates like a cartel,” she explains. “Then we came across Diamond Foundry on Instagram, and it was exactly what we were looking for.”
16 january 2017
(ehudlaniado.com) - In the diamond industry, we often hear that the cost of rough diamonds is disconnected from the price of polished diamonds. Many of us wonder how that is possible, especially since the largest cost component of polished diamonds is rough. I’ve always felt that the only way to determine the value of rough diamonds is by the value of the polished diamond outcome from that rough diamond, minus the manufacturing costs and profit. Why start from the price of polished diamonds? Because the power to set the price of polished diamonds is in the hands of consumers. The average price consumers pay for a particular polished diamond sets its value, and from that, we derive the cost of rough diamonds using a reverse engineering calculation. If rough diamonds are valuated correctly – and experience proves time and again that my formula works – then the wide discrepancies in the valuation of rough diamonds can be dramatically reduced. We have knowledge accumulated over generations and great expertise. We must harness this and learn how to continuously improve. Using this professional know-how in combination with my methodology could bring greater financial success to the diamond pipeline, mostly to anyone who deals with rough diamonds as part of their daily diamond activity. Doing so will increase our capital, improve our ability to find bank financing, and result in a much healthier business environment that will allow us to extend our trade into other areas.