The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Continue reading "Diamond Sparkles: Juniors Jump"
Thursday, July 16, 2009
India imported $769.57 million worth of rough diamonds in June, a 43.3 percent dipped from the year before. For full story, click here
Continue reading "India’s Rough Diamonds Trade $826.5 mln in June"
Monday, July 6, 2009
Russia’s State Precious Metals and Gemstones repository will purchase approximately $383.8 million worth of rough diamonds from ALROSA in 2009, Interfax declared citing an unnamed Gokhran official. For full story, click here
Continue reading "Gokhran will purchase $384 diamonds from Alrosa"
Tuesday, June 9, 2009
De Beers, the producer of 40 percent of the world’s diamonds, declared demand for rough, or uncut, gems is picking up. For full story, click here
Continue reading "De Beers declared demand for rough diamonds"
Monday, June 8, 2009
The crisis in the diamond industry has hit bottom, and the industry can now look forward to growth, according to DeBeers managing director Gareth Penny. Mr. Penny relayed this message to a room full of diamond merchants, manufacturers, and leaders at the Diamond Town Hall Meeting on June 3rd.
Continue reading "DeBeers hails bottom has been hit"
Wednesday, February 11, 2009
Global demand for rough diamonds is expected to drop by some 60 percent this year as the global recession hits demand for luxury goods, industry consultants have said, noting lower demand from the vital U.S. market. For full story, click here
Continue reading "Global demand for rough diamonds is expected to drop"
Wednesday, January 21, 2009
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
Continue reading "Around the globe, diamond exports drop"
Wednesday, January 7, 2009
When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.
Continue reading "In ’08, diamonds lost their luster"
Friday, December 12, 2008
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
Continue reading "Did Black Friday come through for diamond retailers?"
Tuesday, November 25, 2008
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.
Continue reading "Holiday jewellery purchases decline"
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Thursday, October 1, 2009