GSI president emphasized the importance of grading reports from legitimate laboratories

Debbie Azar, President and Co-Founder of Gemological Science International (GSI), emphasized the importance of grading reports from legitimate laboratories and buying diamonds and jewelry from reputable jewelry retailers.

Today

India’s polished diamond exports down 6% y-o-y in January

India’s exports of cut and polished diamonds declined by 5.67% during January 2020 registering $ 1.65 bln, against $ 1.75 bln during January 2019.

Today

BlueRock raises £1.9m to “fast track” production at SA mine

The AIM listed BlueRock Diamonds has raised £1.9 million through an oversubscribed placing and subscription to “fast-track” a doubling of production at its Kareevlei mine in South Africa.

Today

NJA Awards outshone itself in Mumbai last week

The NJA Awards 2019 took place in Mumbai last week in the presence of Anantha Padmanaban, Chairman-GJC, Shaankar Sen, Vice Chairman-GJC, Ashish Pethe, Co-Convener NJA-GJC and other committee members of GJC inaugurated the award function in the presence...

Today

Lucapa recovers 45 diamonds from Lulo kimberlite exploration project

Lucapa Diamond has recovered 45 diamonds weighing 30.3 carats from the ongoing kimberlite exploration programme at its 40%-owned Lulo diamond project, in Angola.

Yesterday

The Next Diamond Decade

13 january 2020
(diamonds.net) - It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview with Rough & Polished. In some sense, she was correct. The last 10 years have seen the Chinese consumer emerge as an influential force in the diamond industry. At times, that has been to the trade’s advantage. During other periods, however, China’s influence on the trade has been more volatile. Shine was also correct in her assessment of the US, which continues to be the mainstay market for the diamond industry. Overall, global diamond jewelry sales grew 16% from an estimated $65.3 billion in 2010 to $76 billion in 2018, according to De Beers. Here, we make 10 predictions of how the market will evolve in the 2020s, though perhaps they’re better read as suggestions for what needs to happen to ensure growth. Either way, we’re optimistic that it will be better than the 2010s, perhaps even an era that’s worthy of the title “The Diamond Decade.”