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Diamonds in Crisis: Call for an Overhaul

Diamonds in Crisis: Call for an Overhaul

It was a turbulent second quarter for the diamond industry in 2015. A series of events served as amplified versions of trends from the first quarter. Weak consumer demand continued unabated; Sightholders and other first-hand rough diamond buyers refused more goods than ever as the midstream adjusted by decreasing retail demand; and diamond miners reported sluggish business.

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Not a Price Correction, But a Market Correction

Not a Price Correction, But a Market Correction

Prices of rough diamonds continue to decline as the market slows down in activity. Some of the decline is due to the annual summer vacation period, and some is a continuing price correction in an abating market.

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Miners vs. the Midstream: Who Needs to Change?

Miners vs. the Midstream: Who Needs to Change?

The results of the July Sight are still reverberating throughout the midstream of the diamond industry – and they reflect on other parts of the diamond value chain as well. There is continued concern for the health of the industry, with many tossing ideas, suggestions, and solutions into the air. It is worth weighing the pros and cons, and considering these ideas.

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Making the Right Decisions in “Rough” Diamond Times

Making the Right Decisions in “Rough” Diamond Times

The mood of the midstream of the diamond industry is reaching new lows, as demonstrated by firsthand rough diamond buyers. The willingness to purchase, the overall outlook and the desire to manufacture are all at a low level. 

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Reality sets the facts; It’s Time to Talk about Lab-Grown Diamonds

Reality sets the facts; It’s Time to Talk about Lab-Grown Diamonds

Last Friday, the Belgian HRD gemological laboratory reported that synthetic diamond manufacturers can now produce synthetic rough in natural forms resembling an octagon. Less than a month ago, I addressed precisely this issue or, to be more exact – the immediate need for regulating the unreported lab-grown diamond industry. I warned against the penetration of unreported lab-grown rough stones into the natural rough diamond supply chain, and its potential implications within the industry including stakeholders and service providers. The ink has not yet dried and the threat is unfolding before us. 

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The diamond industry pipeline starts with mining, then rough trading, manufacturing, jewelry setting and finally retailing. It may look like a short and efficient journey, however it is anything but t...
It might surprise people to know that there are only around 50 active diamond mines in the world. These mines never seem to be found on the outskirts of major cities. Instead, they are usually located...
We have seen how the industry has undergone significant changes over the past 20 years and how smaller companies have emerged to play an increasingly important role in supplying rough diamonds to the ...
When I discussed fancy brown diamonds in last week’s article, I stated that unlike other fancy color shades that are extremely rare in nature, brown diamonds are plentiful and therefore command much l...
In the last two decades, much has been said about an impending demand vs. supply imbalance in the diamond industry. Huge mines discovered over the past 40 years are nearly mined out, some argue, and n...
A major diamond rush, located in Lüderitz (in the former German colony of Deutsch-Südwestafrika - German South West Africa) is among Namibia’s most famous diamond sites. In 1907, the Germen railroad w...
When most people hear about diamond mining, they think of South Africa, where diamonds were discovered in 1866 in the Kimberley region. A 15-year-old boy discovered the now-famous 21.25-carat Eureka D...
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