Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

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Training in diamond valuation is key for artisanal miners

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We live in a new dimension of environmental responsibility carried by business

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De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

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ALROSA expects diamond prices to rise within seven years - report

02 august 2019

alrosa_logo.jpgWithin seven years, the supply in the diamond market will decrease by 10%, which is about 15 million carats, thereby contributing to the increase in prices for diamonds, said ALROSA CEO in his interview to Vedomosti.
“We assume that the global supply of natural diamonds will decline over the next 10 years and, even if the global demand for jewelry grows at least by 1-2% per year, there will be a shortage of natural diamonds, then their price can seriously increase . Although, because of the US and Chinese trade wars, jewelry consumption growth may slow,’’ he said.
‘‘Within seven years, the market will lose about 15 million carats of diamonds, that is, more than 10%.”
The report also says that prices for stones weighing more than 5 carats have been growing since 1978.
Ivanov noted that, in particular, prices for pink diamonds increased by 300% over the past 10 years.
Depletion of mines will also help reduce the stock of natural stones, Ivanov added.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg