News

De Beers Said to Cut Diamond Prices as Much as 9% – Bloomberg Business

De Beers, the world’s biggest diamond producer, lowered prices after production cuts failed to support demand for the precious stones, according to three people familiar with the situation. Read more http://www.bloomberg.com/news/articles/2015-08-24/de-beers-said-to-cut-diamond-prices-as-much-as-9-on-weak-demand

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Tacy LTD – BOTSWANA’S 2015 ECONOMIC GROWTH FORECAST HALVED

Expectations for a continued decline in diamond demand have ledBotswana‘s Finance Ministry to cut its economic growth forecast for 2015 to 2.6 percent, compared with a projection of 4.9 percent which was made at the beginning of the year, according to a report byBloomberg. Read more http://www.diamondintelligence.com/magazine/magazine.aspx?id=13722

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Diamonds.net – Consumers Demanding Responsible Sourcing From Jewelers

RAPAPORT… As the diamond trade faces numerous challenges that threaten to shake consumer confidence and push legal boundaries for the industry, the Jewelers Vigilance Committee (JVC) helps guide businesses in the U.S. to navigate these challenges.Rapaport News spoke with Cecilia Gardner, CEO of JVC and legal counsel for the World Diamond Council (WDC), about these challenges and […]

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GIA Launches New Low-Cost Report for 0.15 and 0.29 Carat Diamonds

 GIA offers the GIA Diamond Focus Report™, a new low-cost digital report for natural, D-to-Z color, round brilliant-cut diamonds weighing between 0.15 and 0.29 carats. http://www.israelidiamond.co.il/english/news.aspx?boneid=918&objid=16148

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Diamonds may be a steal after China crash | Money – WPTZ Home

  A slowdown in demand is already hurting miners, cutters, polishers and retailers, and now Chinese consumers are expected to cut back on diamond purchases in the wake of the stunning boom-bust stock market cycle. That could be good news if you’re shopping for a diamond ring. “If there is one commodity that is likely […]

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Diamond wedding rings could get cheaper as Chinese tighten belts – Telegraph

Now could be the time to buy that diamond wedding ring as gem stone prices appear poised to tumble.ADVERTISINGDiamond miners are facing a market storm as consumer confidence in China, the world’s second largest customer for the gems, plummets. A number of analysts are now warning that major producers such as De Beers will have […]

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