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India’s exports of G&J rises 9.8%; polished diamonds up 10.2% in FY17

India’s exports of Gems and Jewellery increased 9.85% to $43.16 bn in FY17 (provisional data in April 2016 to March 2017) vis-a-vis $39.24 bn in FY16 (April 2015 to March 2016). Gross exports of cut and polished diamonds in FY17 increased...

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Debswana begins processing Cut 8 ore – report

Debswana, a joint venture company between De Beers and Botswana government, has begun processing ore from the $3 billion expansion of its Jwaneng diamond mine, known as Cut 8.

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Fancy color diamond price index slightly up in Q1 2017

The Fancy Color Diamond Index for the first quarter of 2017 indicates pricing stability across most fancy color diamond categories. The main exception was blue fancy color diamonds, which saw a 1.9% price increase in the first 3 months of 2017, continuing...

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Koin to conduct tender of African diamonds next month

Koin International is set to conduct sales of rough diamonds from several African countries in Antwerp next month.

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Jewelry to Drive US Mother’s Day Spending

US consumers are expected to spend more on jewelry than on any other product category this Mother’s Day (May 14), according to a survey by the National Retail Federation (NRF).

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A Fake Jerome and real diamonds?

17 february 2017
(polishedprices.com) - Mining Weekly reports that the Diamond Producers Association is lobbying for its advertising fund to be raised tenfold from $6 million to $60 million. The article refers to the fact that overtime De Beers had cut its marketing budget in half to $100 million before effectively stopping generic advertising, all one of the disastrous consequences of their Supplier of Choice strategy in 2001. My understanding is that De Beers no longer owns the ‘Diamonds are Forever’ slogan, which they transferred into De Beers LV or the jewellery business, instead we have got the Coke muse, about ‘Real’… who wants dreams to be real? In the FT it has been reported that Sotheby’s is suing to reclaim the proceeds of the sale for a painting of Saint Jerome that has subsequently proved to be a fraud. Lastly, I read this headline in Vogue, “This is your new source for conflict free ethical (and gorgeous) engagement rings”. It does not take a genius to guess that they are referring to Lab grown diamonds, or as the trade likes to use the pejorative term, synthetic diamonds. To me these three bits of news or information, which I presume bypass the fashion for fake information, though it is difficult to comprehend how anyone thinks raising advertising spend to $60 million, given the absence of coordinated generic advertising for so long, can make much difference.

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