De Beers is set to cut jobs in Botswana, which might send a shiver down the diamond industry's spine, but India has made clear its intention to source diamonds directly from Botswana. Better sense has prevailed, and Botswana has recognized that it would be wise to diversify the sellers of its famed diamonds, rather than just go through De Beers.
Continue reading "Job Cuts Continue In Diamond Sector"
Tuesday, April 7, 2009
As the economic recession increased its stronghold on consumers, plunging jewellery sales sent the diamond industry into a tail spin. At the onset of the slowdown, the industry seemed immune, as sales of top tier goods overshadowed the decline in mid-grade diamond sales.
Continue reading "A glimmer of hope for the diamond market"
Thursday, February 26, 2009
In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
Continue reading "Emotions play into diamond market"
Tuesday, February 3, 2009
With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.
Continue reading "Around the globe, diamond imports and exports collapse"
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?"
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Sunday, January 10, 2010