The diamond market is sluggish and prices are falling, yet fancy coloured diamonds are among the hottest gems on the market today. They are continually setting auction records, often in the tens of millions of dollars. Fancy coloured diamonds come…
Since there are no gift-giving holidays until December, summertime is a slow season for many jewellers. This year, the jewellery business is experiencing even more of a slowdown due to global political and economic chaos. It will eventually get better,…
The diamond industry is at war with lab-grown diamonds. Even though the creators deny it, the “Real is Rare” slogan appears to have lab grown stones directly in their cross-hairs. Why is there such a fear of lab-grown stones? Do…
The Rapaport Corporation’s Raplab is announcing a new diamond grading report – the Rapaport Investment Diamond Report (IDR). This report will only be available for round brilliant diamonds above 0.50ct that meet very strict guidelines. All diamonds submitted must have…
The holiday madness is over and it is back to the daily grind of running a retail store. Selling jewellery on a day to day basis can become a routine task. It is easy to slip into a selling rut;…
There is no doubt that the diamond industry is going through a fundamental transformation. Crisis after crisis keeps pummelling the trade; breaking down the long held trust and faith for the product. DeBeers is faltering; cutting prices and production. Polished…
Martin Rapaport published an article calling the actions of the diamond mining companies and banks a Ponzi scheme. He points out the free-falling sales volume of Debeers. The De Beers November 2014 sight was $527 million, while the November 2015…
It has been a difficult year for the diamond industry. Prices and demand for polished goods are steadily falling. De Beers sights are getting smaller and more lots are being deferred or rejected. Prices of rough were reduced in May…
De Beers lowered the price of rough by around 10%. While this does add a slightly better chance of profitability for cutters, how will it affect jewellery at the retail level? DeBeers likes to believe that it is the driving…
DeBeers is reacting to market pressures by reducing prices and production. According to Bloomberg, rough prices are falling by 9%. Rapaport News reports reductions over 10%. Last month DeBeers cut its yearly production goal to 29 million to 31 million carats from a target…
