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Diamond Prices are Sliding, and that is A Warning Sign

Diamond Prices are Sliding, and that is A Warning Sign

In the past few months, we have witnessed polished diamond prices decline. They are sliding downward at a slow pace, with an occasional small rise before sliding again. So far this year, overall polished diamond prices lost 2.9%, according to Mercury Diamond Global Tracker™ (MDGT™). The majority of the decline took place in the third quarter of the year – 1.3%.

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Diamond Industry Organizations: GJEPC

Diamond Industry Organizations: GJEPC

The Gem & Jewellery Export Promotion Council (GJEPC) is semi-governmental organization, set up by the Indian Ministry of Commerce in 1966. GJEPC serves as the umbrella organization of India’s precious gems and jewelry industry. It was one of a number of Export Promotion Councils launched by the Indian Government to boost the country’s exports, as India’s economy began making forays into the international markets.

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November 2018 Market Report: Less Demand Than Hoped For

November 2018 Market Report: Less Demand Than Hoped For

From the perspective of the diamond wholesale market, the November-December holiday season is off to a slow start. Traders disappointedly reported a relatively sluggish demand from retailers. Demand, where it did exist, was focused on very specific items, largely focused on top makes. As a result, stock-building aversive traders felt forced to reduce prices on goods in lower demand.

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Diamond Industry Organizations: The International Diamond Council

Diamond Industry Organizations: The International Diamond Council

The International Diamond Council (IDC) is a diamond industry organization formed to establish industry-wide unity in the grading of polished diamonds. Its beginning was as a joint committee, formed at the 18th World Diamond Congress of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which was held in Amsterdam in 1975. This committee was later named the International Diamond Council.

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905 Hits

What Happens in Antwerp Doesn’t Stay in Antwerp

What Happens in Antwerp Doesn’t Stay in Antwerp

If you want to understand the problems of the diamond industry, look no further than the rough diamond trade in Belgium’s diamond center in Antwerp. It is a microcosm that paints a painfully accurate picture.

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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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