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Diamond industry organizations: GIA

Diamond industry organizations: GIA

The formation of the Gemological Institute of America (GIA), was the result of developments in both retail and the science of diamonds. The combination of a growing need to standardize information provided to consumers and deeper understanding of the gemological aspects of diamonds gave rise to the need for an unbiased third party that could fill the gap between what was available at the time and the little that was available.

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2993 Hits

December 2018 Market Report: A Slow Year Aptly Ends with Slow Sales

December 2018 Market Report: A Slow Year Aptly Ends with Slow Sales

A sharp drop in demand and a rise in inventories characterized trade in December. Polished diamond traders around the globe were feeling blue after retail sales of diamond jewelry failed to meet expectations.

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887 Hits

Goodbye 2018, We Need Something New

Goodbye 2018, We Need Something New

As the year draws to a close, we at Mercury Diamond stopped to take a look at the state of polished diamond prices over the past year. We noticed that prices have been lingering for some time and decided to look at what some of the other diamond indexes in the market show. No surprise here, we all show pretty much the same scenario.

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1017 Hits

Diamond Industry Organizations: Shanghai Diamond Exchange

Diamond Industry Organizations: Shanghai Diamond Exchange

China is a key country for the diamond industry. Yet despite its importance, it is a relative a newcomer. Therefore, it is no surprise that that it organized itself late compared to other diamond centers. Despite this, the Shanghai Diamond Exchange (SDE) is an important Chinese trading platform.

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1275 Hits

The US Holiday Season for Diamond Jewelry: Mixed

The US Holiday Season for Diamond Jewelry: Mixed

Familiar with the relationship status ‘It’s Complicated’?

That is a good two word description of the diamond jewelry holiday selling season so far. As you may recall, diamond jewelry sales were sluggish during the 2017 holiday season, but ended with a last-minute rush by consumers. That happened during the last two weeks of December.

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784 Hits

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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...
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 ...
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...
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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