Gem Diamonds up on stone sale
Shares in Gem Diamonds rise 6.6 percent after the miner sells the 478-carat ‘Light of Letseng’ diamond for $18.4 million to a unit of UK-based Graff Diamonds. For full story, click here
Articles Tagged "prices"
Diamond prices dip
In what can be described as a positive aspect of the global meltdown, following the credit crunch the world over, prices of all metals across the board have seen a dip due to a steep fall in demand. And so did it happen in case of diamonds. For full story, click here
Holiday jewellery purchases decline
With the Christmas buying season upon us jewelry companies who would typically have their biggest sales of the year are bracing for disappointing numbers. A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewelry could take the biggest hit in the downturn.
Gem Diamonds may call off December tender
Gem Diamonds may not hold a rough diamond tender in December and is reconsidering the way it runs these tenders given the fall in diamond prices, a statement issued by the company said. For full story, click here
Diamonds no longer an investor’s best friend
Diamonds may be for ever, but their high price is not, as recession starts to hit even the richest. For full story, click here
US recession- boulder into a pond
Here at diamond investing news, we have been following how the financial crisis has been impacting the industry. For a brief summary over the past few months, it was not until the end of September that dropping revenues became an issue to diamond industry participants.
Global meltdown hits diamond market
Diamond trading activity has witnessed a recent drop-off as buyers face extreme uncertainty about the viability of current price levels. Traders expect the prices of gems to deteriorate in the coming months, but no one has any idea as to how much of a change to expect.
Diamonds under pressure
Diamond prices have held their own this year, despite the markets impetuous downward spiral. Prices of top gems have been keeping the finances rolling while mid grade mass consumed diamonds sales slumped. Now, as the crisis deepens, Diamond prices are under pressure.
Diamonds – The next safe haven for investors?
Diamonds could very well represent the next safe haven for investors, much like gold and silver, as investors flee the financial markets for more secure investments.
Canada claims a bigger piece of the diamond pie
Canada’s diamond production is on the rise. According to a report issued by the Mining Association of Canada, production rose 28 percent to 17 million carats in 2007.
