The diamond disconnect
There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion.
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion.
A seven-hour flight from Moscow to the small town of Mirny, followed by another two-hour helicopter ride brought me to one of the most remote regions on earth, where many of the world’s diamonds are mined, Alrosa’s Nyurba mine in the Republic of Yakutia.
The Parisian diamond company Rubel & Ménasché continues its rise. To help it bring its projects to completion, in January the company enlisted the services of a new sales manager: Michaël Dreyfus.
With just a couple of weeks to the important Las Vegas trade shows, preparations are in high gear around the globe. The hopes people have for it are big because the need to generate a higher turnover is pressing.
Rubel & Ménasché was present at the 9th Annual Meeting of the World Diamond Council, in Tel Aviv, on May 5 and 6 2013.
The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond prices by approximately 4 percent.
The diamond industry should be encouraged by new initiatives to enhance the integrity of the global supply chain, not be threatened by them.
There is always an attempt, a psychological one, to sugar coat bad news. This is not healthy, at times misleading, and at the end of the day, stands in the way of taking the steps necessary to turn bad into good.
Unique diamonds are the talk of the town. While the rest of the trade struggles along, dealers at this week’s Basel show reported strong demand at the very top-end of the market.
Do different gemological labs grade the same diamonds differently, and if they do, is it wrong?
Steady demand for high-end, unique stone. Diamond exhibitors reported steady sales and strong demand for unique stones at the Basel show; however, they were frustrated by show expenses and venue changes made at this year’s fair.
Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges.