Competition and Friendship
December 05, 24 by Erez RivlinCompetition and friendship in the diamond industry can and should go hand in hand, says Karen Rentmeesters, new CEO at Antwerp World Diamond Centre (AWDC). "In Flemish we call it 'comlegas'," she tells IDEX Online in an exclusive interview.... Read More...
Supply and Demand
November 28, 24 by John JeffayDemand is down, supply is down. We all know consumers aren't buying natural diamonds like they used to. And global production is in decline. But what about the future? Al Cook, De Beers Group CEO, addressed the challenges of finding new diamond reserves at the ... Read More...
Rarest of the Rare
November 21, 24 by John JeffayWhen was the last time you saw a red diamond? If the answer is "never," then you're not alone. Ronald Winston, son of legendary Harry Winston, was quoted as saying: "My father never saw a red diamond and he saw everything." Don't underestimate the rarity of red... Read More...
Don't Blame it on the Lab Growns
November 14, 24 by John Jeffay"So I've been feeling a bit 'guilty' from buying my fiancee a lab-grown diamond even though she has openly stated she doesn't care either way and totally loves the ring." That's just one of many stories of lab-grown woe on the internet. Dig a little... Read More...
Turning Point for Botswana and the World Diamond Industry?
November 07, 24 by Erez RivlinBotswana's historic change of power could become a breakthrough for Anglo American, and mark the light-at-the-end-of-the-tunnel for the entire diamond industry. President Masisi was ousted in a general election last week that saw an end to the ... Read More...
Crunching the Numbers
October 31, 24 by John JeffayDe Beers and Alrosa are not enjoying the best of times. Between them they produce well over half of the world's diamonds, by value. But De Beers has seen Q3 revenue slump by over three quarters, down from $899m in 2023 to just $213m. Market conditions... Read More...
Forever? Or for as Long as an Enduring Connection Lasts with a Significant Other?
October 23, 24 by John JeffayI wonder what Frances Gerety would make of the new De Beers marketing campaign. She was the copywriter who penned them the four-word slogan that transformed an industry: A diamond is forever. Was she thinking - as De Beers currently is... Read More...
After the Diamond Peak . . .
October 16, 24 by John JeffayIt's been downhill since 2005. That was the year the diamond industry hit its all-time peak, in terms of carats recovered. And it's highly unlikely we'll ever reach that level again. "We must recognise that we are already past the peak for diamond supply, Moses Madondo... Read More...
Ups and Downs of Recovering +100-cts Diamonds
October 10, 24 by John JeffayGem Diamonds recovered five +100-cts rough stones last year from its Letseng mine. This year it's recovered 13. And it's only the start of October. A rough gem of that size will typically sell for $3m to $4m, so for a junior miner like Gem, the number of such high-value... Read More...
Lightbox and Lab Growns: It's Complicated
October 02, 24 by John JeffayIt was something of a surprise to see Lightbox announce the launch of new marketing campaigns last week. The De Beers lab grown company said in June that it would no longer be manufacturing diamonds. And that sounded like it might be the end of the... Read More...
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