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Will Rationality Rule in the Diamond Business?

Will Rationality Rule in the Diamond Business?

The diamond market predicament, which began late last year and developed into a full-blown crisis in the past few months, is continuing to evolve in a somewhat predictable way. There are positive aspects to this, such as we saw in the De Beers Sight last week. The diamond miner has reduced production and prices in response to the drop in demand. Sightholders have also decreased their requests for goods. Will this rational behavior prevail? 

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Marquise A Royal Diamond

Marquise A Royal Diamond

The Marquise is an elongated diamond shape with a large top surface. As such, it is a great choice when size is a leading factor in choosing a diamond shape. 

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Strategic alliances as one way to address excess fragmentation in the diamond industry

Strategic alliances as one way to address excess fragmentation in the diamond industry

 

Looking at other industries, there appears to be various ways to address the challenges of excess fragmentation in parts of the diamond sector as highlighted previously.

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Diamond Industry Seeking New Path for Growth

Diamond Industry Seeking New Path for Growth

We are less than five months into the year, and 2015 already appears to be a year of fighting for survival and capital preservation. In the past, the trade always looked forward to the next trade fair or holiday for the next big push in sales. Now, just a month before the important JCK Las Vegas trade fair – the largest diamond and jewelry exhibition in the world, taking place in the most important market, and it seems that the industry is only looking forward to 2016.

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Excess fragmentation in the diamond market and lessons from other industries

Excess fragmentation in the diamond market and lessons from other industries

The excess fragmentation we are facing in parts of the diamond sector must be addressed to allow the diamond industry as a whole to operate more effectively and to provide the new generations of professionals with more sustainable opportunities to flourish in our sector. We can draw lessons from more consolidated industries.

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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...
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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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