> Pangea Tender Averages $236 P/C
Last week’s tender of rough diamonds from Pangea DiamondFields’ Bakerville Project in South Africa yielded an average price of $236 per carat from a run of mine parcel of 1,016 carats. |
(May 11, 2009) |
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IDEX Online Research: U.S. Jewelry Manufacturing Sector Continues to Consolidate
There are about 1,700 jewelry manufacturers in the U.S., according to census data from both the Bureau of Labor Statistics (BLS) and the Census Bureau. Unfortunately, this number has dropped recently, after holding relatively steady for nearly two decades. |
(May 07, 2009) |
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Top Online Retailers Sales Outpace Overall Retail Sales
The combined 2008 sales of the 500 largest U.S. web retailers grew by 11.7% to $115.85 billion from $103.69 billion in 2007, according to Internet Retailer, which estimates that total U.S. business-to-consumer e-commerce sales grew year over year by 4.6% to $178.18 billion from $170.41 billion. |
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(May 07, 2009) |
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> CIBJO Congress Concludes, Sitcks by “Synthetic” Descriptor
The three day CIBJO Congress held in Istanbul, Turkey has concluded Tuesday, unanimously passing what it called “sweeping changes” to its statutes, extending voting rights to members representing commercial entities, while at the same time preserving the preeminent role of national associations. |
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(May 06, 2009) |
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> Alrosa Renewing Diamond Sales
Russian diamond miner Alrosa will resume rough diamond sales this month, according to President Sergey Vybornov. Alrosa, which holds a monopoly on exporting Russia’s diamonds, stopped selling diamonds to its clients due to the economic crisis. Instead, the mined goods were sold to the state repository Gokhran. |
(May 06, 2009) |
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>2008 Diamond Pipeline: From Market Buoyancy to Global Credit Crisis, Deflation and Recession
Industry analysts Chaim Even-Zohar examines the roller coaster year that 2008 was for the diamond industry, including his annual Diamond Pipeline - a breakdown of the value chain of the diamond industry, from the value of rough diamonds at production, through the cutting centers, to the value of global retail sales of diamond jewelry. |
(May 05, 2009) |
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> Gareth Penny: “The Bounce Back in Rough Prices Will be Dramatic,” An IDEX Online Exclusive Interview
Is De Beers in financial trouble? Will DTC box discounting become a permanent feature? Will it now resort to tendering and selling rough to Arab sheikhs? These are but a few of the wide range of questions posed in an exclusive interview with the Managing Director of De Beers Group of Companies, Gareth Penny. |
(May 03, 2009) |
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De Beers Diamond production Plunges 91% in Q1
De Beers’ diamond production came to a near halt in the first quarter of the year, dropping to just 1.082 million carats, a 90.8 percent year-over-year plunge. The company temporarily halted production at most of its diamond mines in December 2008, and currently operates many of them at a reduced production level. |
(April 30, 2009) |
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