De Beers and Alrosa slashed rough diamond sales after ABN AMRO’s says it will no longer finance rough purchases for goods that can’t be cut profitably.
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Decent demand for finished jewellery, but less for loose gems. Plus: Lab-grown diamonds and responsible, sustainable business practices.
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The diamond industry was slow to recover in 2016 and coloured gems got a welcome shot in the arm. Mixed signals leave no clear indicators for 2017.
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De Beers reduces rough prices at May sight, undisclosed treated diamonds submitted to GIA, and Sotheby’s and Christie’s sales break auction records − again.
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The trade grappled with soft prices and excess stock in 2015, but holiday sales helped reduce diamond stocks. Plus: China retail report.
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The discovery of three huge diamonds – 1,111, 813 and 374 carats − all in the same week, has brightened an otherwise lacklustre diamond market.
Read MoreKnown for their great beauty and rarity, pink diamonds have long been sought after by jewellers, collectors and consumers.
Read MoreHigh-quality synthetic diamonds created by the Gemesis Corp. are examined and their gemmological properties are explicated.
Read MoreDiamond production’s future appears to belong less to Africa and more to Australia, Canada and the Russian Federation, according to this overview of geologic trends in the industry.
Read MorePolitical upheavals and technological advances, as well as changes in social and governmental attitudes and initiatives, have produced major and ongoing changes in the diamond industry.
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