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How to Survive as The Diamond Trade Shrinks
Apr 30, 2019The diamond trade remains under pressure, and further contraction of the market is expected this year. Apart from being squeezed by high rough costs and declining polished prices, dealers lament there are too many players chasing the same ...
Tags: Diamond Trade, Diamond
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The GIA's Forays into Diamond Tracking
Apr 30, 2019What business does a gemological laboratory have telling stories about diamonds? That was the unspoken question Matt Crimmin had to answer in his presentations at JCK Las Vegas earlier this month. As vice president of lab operations for ...
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Rapaport Research Report: India in Focus
Feb 22, 2018India holds a dominant position in the diamond industry, coming closer than any other market to spanning the entire pipeline. Besides its extensive rough and polished trade, it has made a name for itself in jewelry-making, diamond-cutting ...
Tags: diamond industry, diamond
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Dubai Probing Rough Diamond Values
Sep 21, 2016From the get go, the United Arab Emirates' (UAE) chairmanship of the Kimberley Process (KP) had a fair share of controversies as civil society, and a number of member states, expressed their concern with seating the 2016 chair in Dubai. ...
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Vegas Shows Reveal Stable, Fast-Changing Market
Jun 20, 2016As a bellwether for the U.S. jewelry market and global diamond industry, this year's Las Vegas shows met the trade's conservative expectations. While foot traffic and diamond trading were slightly slower than previous years, jewelry sales ...
Tags: jewelry market, Las Vegas
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Diamond Story of The Year: Return of Generic Advertising
Feb 6, 2016Star Wars was not the only force making a come-back in 2015. The return of generic advertising brought with it a promise of increased profitability for the diamond trade. Even as numerous stories reflecting pain in the industry vied for our ...
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Synthetic Diamonds: Legitimize, Don’t Ostracize
Oct 27, 2015Traders of mined diamonds are divided over how to best respond to the growth of their laboratory-grown counterparts. Last week, India’s Bharat Diamond Bourse (BDB) became the second exchange to ban trading of man-made diamonds, ...
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Blinging Down Botswana's Economy
Sep 18, 2015It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now ...
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A Sustained Diamond Supply Surplus
Sep 15, 2015Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply ...
Tags: Diamond Supply, diamond mining
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U.S. Specialty Jewelry Store Sales Fell 4.4% to $2.703 Billion in May
Aug 6, 2015U.S. specialty jewelry store sales fell 4.4 percent year on year to $2.703 billion in May, according to the latest government calculations. The decline was noticeable considering that preliminary sales of jewelry and watches across all ...
Tags: jewelry, watch sales
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The Diamond Is Forever Advertising Campaign Will Easily Resonate with Millennials
Jul 6, 2015For those thinking that the Diamond is Forever advertising campaign will easily resonate with millennials, think again. De Beers has a lot of work to do before it relaunches the iconic slogan in late September, as part of Forevermark U.S. ...
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U.S. Jewelry and Watch Sales Were Flat in May, up Just 0.4%
Jun 29, 2015U.S. jewelry and watch sales across all channel were flat in May, up just 0.4 percent year on year, at $7.1 billion as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales rose a touch, up ...
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The Presidents' Meeting Highlighted Five Challenges Facing The Diamond Industry
Jun 25, 2015The Presidents’ Meeting that took place in Tel Aviv this week highlighted five challenges facing the diamond industry, but the issue of profitability was the most pressing. Constituents of the World Federation of Diamond Bourses ...
Tags: diamond industry, mining
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U.S.Specialty Jewelry Store Sales Slumped 5.8 Percent Year on Year
May 15, 2015U.S. specialty jewelry store sales slumped 5.8 percent year on year to $2.019 billion in March, reflecting the sixth consecutive monthly decline. Jewelry store sales during the first quarter of 2015 have fallen 5.6 percent to $6.266 ...
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The Diamond Market Is Slowly Becoming More Disciplined
May 12, 2015The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry