Written by Saul on March 19, 2012 – 11:53 am
In mid January the Indian finance minister imposed a two percent import duty on polished diamonds. Although local industry leaders initially welcomed the move as a means to curb the unscrupulous round-tripping activities that have become well entrenched in the domestic Indian diamond dealer market, the move threatens India’s pre-eminence as the leading global diamond [...]
Written by Saul on March 6, 2012 – 2:24 pm
Although polished diamond prices stabilized during February, trading activity in global diamond trading markets remained relatively sluggish as the uncertain market sentiment prevailed. Dealers seem to be hibernating during these winter months and protecting themselves from the harsh market environment. Unlike the overall traditional diamond trading markets, the uncertain macro-economic environment is actually driving demand [...]
Written by Saul on December 22, 2011 – 9:02 am
Investment diamonds are set to outperform the market once again 2011, rising 20 percent since the beginning of the year. After rising almost 30 during the first seven months of the year, investment diamonds eased during the second half of the year on the back of global macro-economic jitters ending the year 20 percent up. [...]
Written by Saul on November 22, 2011 – 10:46 am
Yet another world record diamond price was achieved last week at Sotheby’s Geneva Sale of Magnificent Jewels continuing the spate of world record prices for diamonds achieved over the last two years. The surge in diamond prices in the face of the overall turbulent economic environment has grabbed the headlines and has left many analysts [...]
Written by Saul on November 14, 2011 – 12:29 pm
Proponents of the diamond industry will hastily point to China’s strong growth of diamond sales as one of the key underlying demand drivers that will continue to support the healthy state of the diamond industry into the medium term. Within a very short period of time diamond sales in China have grown exponentially from being [...]
Written by Saul on November 7, 2011 – 7:02 pm
Anglo American Plc has agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion. This deal marks the end of the iconic century-old involvement of the Oppenheimer’s in the diamond industry and giving Anglo as much as an 85 percent stake in the world’s largest diamond company. Undoubtedly this announcement [...]
Written by Saul on October 31, 2011 – 9:57 am
As the turbulence in global financial markets continues more and more investment professionals are taking notice of the diversification benefits of investment diamonds. The safe-haven characteristics of investment diamonds together with their low price volatility and physical tangibility make them an interesting prospect for investors looking to diversify their investment portfolios especially during times of [...]
Written by Saul on October 24, 2011 – 11:16 am
Investment diamonds are grabbing the headlines once again with the news of some significant diamonds coming up for auction. Kicking off the upcoming high-end magnificent jewels autumn auction season is a pair of round D Flawless diamonds weighing 35.77 and 35.61 carats each being auctioned by Christies. According to Christies these are the largest pair [...]
Written by Saul on September 19, 2011 – 12:19 pm
The apprehensive mood that has swept across the global diamond trading markets over the last two months has eased somewhat in light of the better than anticipated expectations for this week’s Hong Kong Jewellery and Gem Fair. Notwithstanding this, the overall market sentiment remains subdued. Polished diamond prices remain flat whilst prices for smaller commercial [...]
Written by Saul on May 16, 2011 – 2:03 pm
Diamond markets remain robust with increased pricing pressure on polished diamonds continuing. Major producers implemented further prices increases at their recent sales and firm consumer buying was reported over Mothers Day. Market players are now looking towards next month’s trade show in Las Vegas to ascertain the market sentiment leading into the summer period. We [...]