Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Rough Diamond Prices to Lag, Say Analysts

04 july 2012

Market analysts assembled by Creamer Media's Mining Weekly say that the rough diamond market is a lull phase, noting that prices for the stones have dropped in recent months, reflecting a loss of 15% in value since the start of the calendar year, and that sales have dropped, Israelidiamond.co.il reported.
RBC Capital Markets analyst Des Kilalea noted the De Beers' Diamond Trading Company achieved only 90% of its projected sales in the first six months of the year. Kilalea also stated that China's unimpressive economic outlook is negatively affecting the rough diamond market.
BMO Capital Market analyst Edward Sterck affirmed this last sentiment and also noted that the European continent's banking sector crisis was having negative implications for the diamond industry that were not adequately understood at the outset. Sterck predicted that rough diamond prices would remain at their current rates until the end of December, then rebound only 3% in 2013.