ABN AMRO predicts uncertain future for diamond industry

The global diamond industry has moved from a relatively stable environment to a highly uncertain environment due to lab-grown diamonds, according to The Diamond Insights report published by ABN AMRO Bank recently.


Signet registers drop in its sales during the holiday season

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, has announced its sales results for the holiday season, that ended January 5, 2019.


ALROSA earns $463 mln at international auctions in 2018

In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.


TDC warns entities declaring bankruptcy and restarting business without discharging liabilities

The Trade Disciplinary Committee set up in India has issued a circular for members of the respective organisations intimating them that action will be taken against entities which have declared bankruptcy/insolvency, and continue to conduct business...


Angola extracted 9.43 mln carats of diamonds worth $1.2 bln in 2018 – report

Angola produced 9.43 million carats worth $1.2 billion in 2018, according to Macauhub citing the state-owned diamond company Endiama.


Mercury Polished Diamond Price Index: Only Smaller Sizes Improve

27 december 2018
(ehudlaniado.com) - Prices of smaller goods recovered in November, responding to rising demand. Larger goods, however, suffered from further price declines. The Mercury Diamond Global Tracker™ (MDGT™) averaged 110.1 in November 2018, down 1.30% from October. Polished diamond price increases are a typical cyclical trend in November, as holiday season purchases drive demand. November is historically a period of rising demand for polished diamonds by retailers during the November-December holiday season. In the past few years, demand by jewelry manufacturers peaked in September, followed by a minor slide in October and a rise in November. The question is what goods are in demand, and therefore rising, as opposed to those items that are in lesser demand.