Disciplined diamantaires
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels
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Sightholders begin new contract period cautiously
On Monday, 84 Sightholders and two Accredited Buyers will begin attending the first Sight of the new contract period – but quite cautiously.
Piaget opens a new boutique on rue de la Paix
“Always do better than necessary“, is the motto for Piaget, the famous Swiss watchmaker and jeweler, which opened a new boutique at 7 rue de la Paix in Paris on April 27 this year.
Jewelry expenditure rises amid stunted growth, millennials stepping off the plate
According to a new survey of the US consumer market, even though Americans increased fine jewelry and watch purchases in 2014, the rate of growth declined.
“Less for More” turns into “More for Less”
After the 2008 financial crash, a De Beers research study found that consumers continued to spend during the holiday season, but more cautiously.
Refusals, strops, contracts and conspiracies – a rough market review
In a way, there were no surprises this past week, and that in itself should be a surprise. De Beers offered a large rough diamond supply to its clients – at slightly higher prices – and the market just could not digest it.
Contrasting quarters
The first quarter of 2015 was a tough one for the diamond industry but it certainly was not dull – as this writer mistakenly suggested in a conversation this week.
The diamond industry must “be more transparent and adapt to the criteria demanded by banks”
Antwerp Diamond Centre – Friday 27 March 2015. On March 27 of this year the AWDC, Antwerp World Diamond Centre, invited members of the diamond industry to reflect on the financial future of the sector.
Diamonds – Realigning inventory
The middle of the diamond distribution chain is struggling to align itself with new, lower levels of wholesale demand. The result is that manufacturers and polished diamond dealers continue to be squeezed despite growth in consumer demand.
Global diamond jewelry demand +3% in 2014
Global diamond jewelry demand rose 2.9 percent year on year to $81.4 billion in 2014, according to industry insight data published by De Beers on Friday, the 20th of March.
Restoring confidence
The diamond mining companies need to play their part to ensure profitability throughout the distribution chain. Therefore, the trade should be encouraged that a meeting of the top eight miners took place this month to discuss some of the industry’s most pressing challenges.
Diamond miners meet to set up consumer promotion body
Executives from eight of the largest diamond mining companies met recently to explore the establishment of an association that will promote diamonds as a consumer product.
