Paul Zimnisky attributes diamond market recovery to holiday demand
The diamond market started the year on a high note before the COVID-19 pandemic wreaked havoc beginning March.
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Holiday demand uplifts diamond trade
Diamond market sentiment improved in November amid rising expectations for the holiday season. A recovery in China and robust sales during India’s Diwali festival also lifted the mood.
De Beers aims for full traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.
Five countries lead diamond supplies to the US
Diamond supply to the US comes from all over the world. As the world’s largest diamond consumer market, the US is the country that imports the most diamonds – more than $400 billion worth of polished diamonds in the last 30 years.
Engagements driving diamond jewellery demand this holiday season
Press release – De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights US jewellers have noted increased rates of couples getting engaged during the pandemic.
De Beers buys Petra Blue Diamonds for $40M
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.
Looking like a happy holiday, forecasters say
Holiday sales will likely rise between 3.6% and 5.2% this year, though the continuing spread of COVID-19 still poses risks to retail, the National Retail Federation said in its annual holiday forecast.
De Beers Group shuffles departments with focus on social responsibility
De Beers Group is shuffling up some of its key departments in an effort to show the diamond mining and jewelry company is focused on promoting its corporate social responsibility measures.
Expect higher diamond prices this holiday season
Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.
A chance to rebuild the diamond industry
The economic challenges resulting from Covid-19 have forced companies and industries at large to reassess their value propositions. Along with the tremendous health concerns, the coronavirus has also brought unprecedented disruption to the global economy, pushing the business community to modify the way it operates. The changes that have taken effect during the coronavirus will […]
What Argyle’s closure means for the diamond business
Regardless of all the history that the Argyle mine sparked—some of it no doubt unexpected when a handful of diamonds were first discovered in Western Australia in 1979—its closure may signal a new era in diamond mining.
Louis Vuitton to cut 549-carat Lucara Diamond
Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara.
