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For several years, the diamond industry has been grappling with the introduction of gem-quality lab-grown goods to the consumer market. However, even with all the talk, one essential component seems to be missing – hard numbers.
Rough diamond trading was surprisingly buoyant in April given that polished demand is restrained and inventory levels continue to rise.
At Baselworld, Thursday March 17, 2016, the RJC (Responsible Jewellery Council) held a conference under the title “No Stone Left Unturned“.
An announcement in February that the International Institute of Diamond Grading and Research (IIDGR) has launched its generic diamond grading program surprised very few, but was noteworthy.
It is high time to continue our long series on gem producers! We have reached a time of undeniable changes in the diamond industry, and the position of the producers is… chaotic.
The Hong Kong show that ended March 7 revealed a diamond industry that is focused on the very short term. Dealers who spoke with Rapaport News were relatively upbeat about the exhibition, but uncertain of market developments in two-to-three months.
The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish.
Rubel & Ménasché, which has always been concerned with and paid attention to ethical issues, has decided to commit to ever greater actions in the area of corporate social responsibility.
Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn is sustainable.
Fine jewelry sales in the US posted a rise in November, and there are signs that December was alright too. In the last couple of weeks of December, Mumbai diamond traders had a sudden rise in sales, both from the US and China, leading to a burst of optimism that drove demand for Sight goods.
To thank you for visiting our website and to thank our contributors, we have decided to focus on the most read articles on Rubel & Ménasché in 2015. The first was the Focus on De Beers, with regard to the creation of the Diamond Producers Association.
The diamond industry has a lot riding on the Chinese New Year season and recent events in Shanghai have done little to inspire confidence. As stocks plummeted and the Renminbi depreciated against the dollar, fresh concerns rose about China’s growth prospects, its impact on the global economy and on the diamond and jewelry trade.
