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The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and trading just about met dealers’ low expectations.
The diamond industry is navigating slow economic growth in this Chinese New Year of the Goat. No longer considered the new frontier for the diamond market, China has matured and demand has softened in the past year.
Since October 2014, the Diamond Development Initiative* has been responsible for providing technical assistance with the Kimberley Process.
Valentine’s Day exposes both the weaknesses and strengths of the diamond and jewelry market. For a product so driven by the idea of commitment and relationships, the holiday should be a coup for the industry, a second Christmas if you like.
De Beers underlying earnings jumped 74 percent year on year to $923 million in 2014, according to Anglo American’s share in the diamond company, as growth was driven by higher rough diamond prices and lower operating costs.
As promised, here is the second part of our little chat with Edahn Golan. So Today’s Specials are: lab-grown diamonds, marketing, transparency and dialogue with consumers. Hope you’ll like it as much as we indulged ourselves.
Rough diamond production was basically flat in 2014 and is projected to remain at similar levels this year. While De Beers is expected to maintain steady production, increases by ALROSA will likely compensate for declines at other companies.
As 2015 gets underway, all eyes are turned to the gem producers. After an extraordinary and difficult year in 2014 for all the players in the industry, except for rough suppliers, everyone is hoping for great things from 2015. So, will rough prices fall in 2015?
The rough diamond price cuts by De Beers at last week’s January sight were not far reaching enough. The mining company reduced prices by an average 4 percent,
Life with a diamond is just the same. But better…. If only consumers could think like that, life in the diamond industry would certainly be that much easier and sales would increase.
When we launched this website at Rubel & Ménasché, our ambition was to get to know the diamond industry better. And to do our best to help you understand it!
Rough diamond prices are expected to soften in January with a high level of refusals anticipated at next week’s De Beers and ALROSA sales.
