Ehud Arye Laniado

Follow all the latest diamond news, views, events, endorsements and more from Ehud Arye Laniado

Ehud Arye Laniado

Ehud Arye Laniado

Diamond industrialist Ehud Arye Laniado is a man passionate about diamonds. From his early 20s in Africa and later in Belgium honing his expertise in forecasting the value of polished diamonds by examining rough diamonds by hand, till today four decades later, as chairman of his international diamond businesses spanning mining, exploration, rough and polished diamond valuation, trading, manufacturing, retail and consultancy services, Laniado has mastered both the miniscule details of evaluating and pricing individual rough diamonds and the entire structure of the diamond industry. Today, his global operations are at the forefront of the industry, recognised in diamond capitals from Mumbai to Tel Aviv and Hong Kong to New York.

The World Diamond Council (WDC) was formed in 2000 to represent the diamond industry in the Kimberley Process Certification Scheme (KPCS). However, over the years, the scope of the organization’s activities have expanded to serve several additional functions, mainly advocating for the industry at large.

After polished diamond prices declined sharply in September, they took an additional step downwards, though it was not particularly significant. The Mercury Diamond Global Tracker™ (MDGT™) averaged 111.55 in October 2018, down 0.17% from September. While demand for loose diamonds remains slow, we believe traders hardened their stance on price as much as possible in anticipation of rising demand.

Just as there is no diamond business without diamond miners or jewelry stores, there is no diamond industry without diamond manufacturers, the people who polish diamonds. Like many other business sectors, diamond manufacturers also opted to organize and form an association, in this case, the International Diamond Manufacturers Association (IDMA).

According to a National Retail Federation (NRF) forecast, 22% of Americans intend to buy jewelry during the winter holidays. That is a nice figure, but it represents a decline from the 23% that were forecasted to buy jewelry during the winter holiday period of 2017. Not a large decline, even within the statistical error, yet worth noting.

The World Federation of Diamond Bourses (WFDB) was founded in 1947 to unite diamond exchanges under a single umbrella and provide a common set of trading practices and rules for diamond bourses around the world. These practices cover trading in rough and polished diamonds as well as colored gems.

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