Page 2 – NDM/NDB Tenders

DIAMONDS CHANGING FOREVER

Diamonds in the rough-Kan die Indiese diamantbedryf die huidige krisis oorleef?-Rough Tweets-De Beers Plans Overhaul of Supply Policy-The average wholesale price of 1ct round diamonds fell 6.1% in 2019-Rapaport Press Release: Diamond Prices Stable After Year of Declines-“Future of Diamonds” Panel Will Be a Highlight of VICENZAORO January-FINANCING CUTS CHALLENGE IMPACT INDIA’S ROUGH CUTTERS-Carnegie Institution seeks cut of rising lab-grown diamond sales-Diamond Crisis Gets Worse-DIAMONDS CHANGING FOREVER-Edahn Golan-The Golan Diamond Market Report – Q3 2019-Diamond industry’s torrid year set to continue for some time-Diamond Industry Financing Is Shrinking. This Is What It Means

What can the diamond industry learn from global brands and how can they sell their brand ‘promise’ to their consumers? Read the latest Thought Leadership report on diamonds to find out more.

The disruptive forces shaping the diamond industry, and four necessary steps to secure its future. – Report

“The world waits for no one – those who do not learn and evolve can stumble and often fall.”

Sitting at the crossroads of the globe, Dubai is the world’s fastest growing diamond trading centre, and the gateway to rapidly growing consumer markets for luxury goods. Tasked by Dubai Government to drive trade through the city, DMCC has been instrumental in creating the infrastructure to, in time, transform Dubai into the world’s largest diamond trading hub. But, as we approach 2020, there is a new phenomenon, that goes beyond …

Get the report HERE…

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Edahn Golan

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The Golan Diamond Market Report – Q3 2019

Following the deep decline in the second quarter of the year, US jewelry sales surprisingly picked up in July, although, cyclically, it is a month when sales normally decline

In 2018, for the first time in a decade, demand for polished diamonds in the wholesale section of the diamond pipeline fell in the fourth quarter – a glaring sign of the troubled times. Considering the recent increase in jewelry sales and the decrease in inventories, it is fair to expect a relative improvement in demand in the fourth quarter of 2019 that reflects more than just rising cyclical demand. Read more..

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Diamond industry’s torrid year set to continue for some time

The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets.

There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and the lesser-known businesses that cut, polish and trade them.

“The diamond market has had a torrid year,” Ben Davis, an analyst at Liberum, said in a report on Monday. “While there is some optimism emerging from expected mine supply cuts and an end to the destocking in the midstream that should help lift rough diamond prices, the next six months are still likely to be difficult for the industry.” Read more..

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Diamond Industry Financing Is Shrinking. This Is What It Means

Diamond industry financing has considerably declined over the last couple of years.

Utilized Bank Credit to the Diamond Midstream Decreased Every Month in 2019

Generally, the industry views this as unfavorable; yet, this can be debated. What is not in debate is that right now the diamond industry’s debt level is at its lowest in well over a decade.

Currently, diamond industry financing is estimated at around $9 billion. According to our estimates, industry indebtedness averaged $9.7 billion in 2019, with a downward trajectory throughout the year. That includes bank-supplied credit and money supplied by other financial entities such as investment firms and insurance companies. Read more..

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De Beers Diamond Buyers Return as Prices Cut Most in Years

The industry is going through something of a crisis as De Beers’s buyers grow increasingly frustrated with the cost of rough diamonds as the price of polished gems slump. That’s led to wafer-thin margins and in some cases losses from the stones bought from De Beers and Russian rival Alrosa PJSC.

The sale “saw an improvement in sentiment from rough-diamond buyers,” De Beers Chief Executive Officer Bruce Cleaver said in the statement. “Global consumer demand for diamond jewelry at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered sightholders further flexibility during the sight to provide support.”

De Beers sales so far this year are down more than $1.2 billion from the same time in 2018.

The Problem With Diamonds Is They Keep Getting Cheaper

This year, the crisis has spread to engulf the world’s diamond miners as well. Even De Beers, which dictates prices to its select group of clients, has been getting squeezed as struggling customers refuse to buy. Last week, the iconic miner finally capitulated, lowering prices across the board, which helped to increase sales at its latest offering in Botswana.

At the center of the pain are the middlemen who cut, polish and trade the world’s diamonds. Their profits evaporated as polished stones lost value, banks tightened financing, and top producer De Beers held firm with prices it demands for the rough diamonds it digs up. Read more…

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Zimnisky Global Rough Diamond Price Index

“.. the Zimnisky Global Rough Diamond Price Index was created to consolidate reliable natural rough diamond price information and publish….” Read more…

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India’s gem industry has a “$1 BILLION OPPORTUNITY”

It’s not all bad news…. “.. India’s annual gems and jewellery export to the US stands at $10 billion. If it cashes in on the “trade war”, this number could jump to $11 billion this year..”

The latest tariffs imposed on Chinese imports by the US could benefit India’s gem and jewellery industry

Surat diamond industry saved

Good rain, new jewellery units save Surat diamond industry from slowdown

Surat’s Rs 1 lakh crore diamond industry suffered a major blow because of substantial fall in the demand of the polished diamonds from China because of its trade war with United States. Read more…

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