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Key Changes Offer Bright Future for Diamond Industry

Key Changes Offer Bright Future for Diamond Industry

I often think about the way a consumer makes decisions, whether he lives in New York, Hong Kong, Shanghai, or anywhere else. Obviously it is he who sets the price of diamonds, both polished and (indirectly) rough. He is the one who decides if a diamond ought to be offered at a certain price, or if he even wants a diamond at all. Every supply chain is supposed to work according to this assumption. When the consumer decides that he wants, and is able, to pay the nominal price for a given diamond, he simultaneously sets the price of that diamond. This in turn determines the price of the rough diamond (from which the polished diamond was produced). The difference in these two prices is the total gross profit of of the supply chain: the miners, the polishers, the setters, and the merchants.

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Botswana: African Diamond Giant

Botswana: African Diamond Giant

The first diamonds in Botswana were found in 1959, but it was only eight years later, in 1967, that De Beers found the first kimberlite pipe in the country. That site is known until this day as BK-1. Within weeks, a massive resource, the Orapa pipe, was found. This find changed Botswana’s history forever.

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Is the Midstream Working for a Wage? A call for a More Profitable Midstream for a Stronger Industry

Is the Midstream Working for a Wage? A call for a More Profitable Midstream for a Stronger Industry

The more we examine the facts, the clearer it becomes that the main problem faced by the diamond industry is that the midstream – the manufacturing sector – does not get its fair share of the pie.

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The booming bear: the story of Russia's diamond industry

The booming bear: the story of Russia's diamond industry

Diamonds were discovered in the frozen tundra of the Russian republic Yakutia in the 1950s, instantly transforming the Soviet Union into an important diamond country. Today, Russia is not only exceptionally rich with the resource, it is also an important center for trading, manufacturing, researching and consuming diamonds.

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9869 Hits

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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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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