MID’s net exports of polished diamonds equaled $196 million in 2018, 12 percent more that the $175 million worth that was reported in 2017.
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MID’s net exports of polished diamonds equaled $196 million in 2018, 12 percent more that the $175 million worth that was reported in 2017.
To an ever-greater degree, the growing appreciation of the key economic and social role that diamonds are playing in developing economies is translating to facts on the ground.
MID House of Diamonds will be exhibiting at Baselworld in 2019, and will be bringing what certainly will be among the largest collection of diamonds at the Swiss show.
Glitz and bling have always coexisted comfortably in Hollywood, and nowhere more so than at the annual Academy Awards ceremony.
MID House of Diamonds is presenting a massive display of merchandise at the sixth HKTDC Hong Kong International Diamond, Gem & Pearl Show.
Arguably the most notable specimen in the collection is a pink oval-cut stone, weighing 14.83 carats.According to Sotheby’s, the D color, flawless, type Ila, diamond should go for between $11.2 million to $12.7 million.
Arguably the most notable specimen in the collection is a pink oval-cut stone, weighing 14.83 carats.
Much of Angola’s diamond deposits remain under-explored, mainly because of a 27-year civil war that only ended in 2002.
The new year started off at a sluggish pace, at least as far as polished diamond prices were concerned. BUT THE price of fancy color diamonds were more buoyant.
It used to be that a diamonds’ value was predominantly set by what is known as the four Cs – namely carat, clarity, color and cut. But there also is a fifth C, and that is “confidence.”
De Beers pointedly noted that a fall in sales can specifically be to a glut of smaller and less expensive stones.
Called the Mouawad Dragon, the planning, cutting and polishing of the stone reportedly took more than six months to complete.
The value of rough diamond sales at the world’s two largest mining companiesclimbed in 2018 in terms of U.S. dollars, although production in terms of carats dipped.
Consumers will emerge clear winners in the current tussle between producers of natural and synthetic diamonds underway in the diamond sector.
Alrosa, the world’s leading diamond producer in terms of volume, has said it plans to begin mining operations in Zimbabwe.
Political and economic developments both on the mainland and off it suggests that the Year of the Pig will different from those that preceded it.
the celebrated high-end American jewelry chain, dropped a bombshell at the start of the new year, when it announced that it will begin providing accurate information about where diamonds larger than 0.18 carats were mined.
Given the pace of declining production costs and wholesale and retail prices, lab-grown stones are likely to become accessible to a wider consumer audience.
The diamond industry report covers industry developments in 2017 and the first half of 2018, and in particular looks at the fundamental trends that will influence its development over the coming two decades.
Many consumers look for more in the product than simply satisfying their need for prestige and wellbeing, or even their desire to expressing their affection for loved one.
More than 53 million Americans, or 21 of the adult population, say they plan to purchase a diamond between Thanksgiving and Valentine’s Day.
Noted industry analyst Paul Zimnisky has pointed to developments in the synthetic diamond market as the factor for which 2018 is most likely to be remembered.
The 2018 fall auction season is shaping up to one of the best ever in recorded history, following the sales earlier this month at Christie’s in Geneva of an 18.96-carats vivid pink diamond for $50 million.
The infiltration of Blockchain technology into the diamond business received a major boost at the end of October, with the announcement that Alrosa, the Russian rough diamond producers, was joining De Beers end-to-end diamond industry blockchain traceability platform.
The Plenary of the Kimberley Process, which is the coalition of national governments, the diamond industry and civil society organizations working to end the trade in conflict diamonds, has met for the organization’s 2018 annual meeting in Brussels in November