Contrary to optimistic assessments by primary rough sources, people in the various diamond centers and markets are reporting that business has not been as usual since the start of the year.
2015 is looking up to be year in which rough diamond production sees a slight upticks, although it seems that one of Africa's major suppliers is all tapped out.
This was a week that saw two landmark events take place in the diamond industry.
First, there were the Hong Kong trade fairs, one of the most anticipated events of the year. The other was a meeting that took place in London, which may prove to be as important, if not more important.
I have been quoted in Knightfrank.com about my vision of creating a total transparency pricing system for diamonds. You can read my comments here.
Evidently, the diamond industry’s mood depends now on the next trade event. With the Chinese New Year and Valentine’s Day behind us, the focus now shifts to the upcoming Hong Kong and Basel trade shows.