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The start of the year is, on the one hand, a period for good wishes and, on the other, a time for looking ahead. So allow me to take this occasion to wish you a 2016 that is as sparkling as the diamonds that are so dear to us all!
Rapaport’s widely read Rapaport Weekly Market Comment is a carefully considered statement reflecting the Rapaport Group’s view on the market and important trends influencing the diamond trade during the previous week.
What a horrible year it was. Miners, traders and retailers will remember 2015 as the year of lost capital, walking on the cusp of bankruptcies, lost opportunities and diminishing value of diamonds. How did it happen, could it been avoided and what lessons can be drawn from it – short term and long?
Now that 2015 is coming to an end, mining companies are reportedly preparing to reduce rough diamond prices in January. Having held off from doing so in the fourth quarter of this year, the industry may be missing an opportunity to capitalize on an expected seasonal improvement in polished demand at the beginning of 2016.
The “Seven Seas”, the latest fine jewellery collection from Van Cleef & Arpels, invites you to travel across the oceans, an unending source of inspiration that undulates as far as the eye can see. Photographs and videos by Sonia Sieff depict and sublimate these magnificent creations.
Insights. Fifty years on from independence, Botswana still finds itself in desperate need of improvements in its economic diversity. Its unsustainable reliance on diamonds is the reason why.
The fine jewelry houses take us on a journey with their inspiration and ingenuity. Architecture, renowned cities, an artistic movement or a historical period astound our imaginations to our greatest delight! Let’s stop off on our voyage to look at the Piaget and Dior collections.
If the cause is declining consumer share of wallet, then the effect is a sharp drop in rough sales. This means that we can expect rough diamond price reductions, fewer goods purchased at the December and January Sights, and bank financing to continue to be difficult.
In September 2015, the House of Chaumet opened its Pop-up Museum. The museum sits alongside the brand’s store in Place Vendôme, Paris, and invites us to wander both through their rural creations and their history.
After taking a look into the world of De Beers now it is the turn of ALROSA, the “second” biggest diamond producer.
There are some current affairs that pass nobody by, and the Volkswagen scandal is one of them. What does it have to do with the diamond industry?
A review of US consumer expenditure on fine jewelry in the past year is sobering at best. Americans are spending a lot less on jewelry, and this is a near across the board trend.
