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...The Kimberley Process is the global body set up two decades ago to eliminate trade in conflict diamonds following a UN general assembly resolution due to international alarm at “blood diamonds” from Sierra...
...“The recovery in rough diamond demand is expected to be gradual through the rest of the year,” it added....
...Diamond output for Anglo American’s De Beers slumped 23 per cent in the first quarter, as production was cut in response to an expected slow recovery in demand given the pullback in luxury spending and the...
...A second consecutive year of retrenchment in what the industry had hoped would be its fastest-growing large region has led traders and producers to forecast continued weakness in natural rough diamond prices...
...“We have doubled diamonds sold each year for the past five years and have now reached the same level as one of the three largest mines in the world – with much higher quality and size of diamond,” says Roscheisen...
...De Beers said the recovery in the rough diamond market would be “gradual” after swinging to a $252mn loss before interest and tax in 2023 from a profit of $994mn a year earlier....
...third countries from March 1; and a full traceability system for rough diamonds traded in G7 nations from September 1, according to people briefed on the contents of a joint statement....
...The US unilaterally banned the import of Russian rough diamonds in April 2022, but stones that were polished elsewhere were still allowed into the country....
...She brought expert emerald cutters from India to Chopard’s atelier in Geneva and, after weeks studying the rough, they began the cutting process, which took nine months....
...More than 80 per cent of global rough diamonds are traded through dealers in Antwerp....
...The FTSE 100 group confirmed writedowns of $1.6bn for De Beers, its diamond producing unit, and $800mn for its Barro Alto nickel mine in Brazil because of revised assessments over the longevity of weak prices...
...The natural rough diamond market has stagnated at $15bn since then, he said. The depth of the diamond market downturn is, in part, because of its larger size....
...Subtlety comes in the form of delicate floral details, as in Harry Winston’s Cluster earrings, where marquise diamonds are set in platinum to mimic petals, or in the amalgam of diamonds and platinum in Boodles...
...In his 1884 novel, A Rebours, the French writer Joris-Karl Huysmans compared the perfumer’s art of extracting the essential oils from a flower to that of a jeweller transforming a rough diamond into a precious...
...In a surprise move in January, Amazon agreed to pump in $115mn in cash into Diamond, an infusion that is the centrepiece of a newly-crafted, intricate restructuring plan....
...Back in the Diamantclub, Wainwright meets Nick Crouch, Boodles’s secret weapon — or “rough diamond valuator and technical specialist”....
...Some 84 per cent of global rough diamonds traded through dealers in Antwerp and 90 per cent of precious stones polished in India....
...The proposals are contained in a new criminal justice bill being debated by MPs which will enable police to forcibly “move on” rough sleepers if they are causing a nuisance or costing shopkeepers by deterring...
...In today’s newsletter: London brokers cling together BYD seeks LatAm lithium JetBlue’s deal turbulence Bob Diamond bets UK market has hidden gems Former Barclays boss Bob Diamond has come a long way...
...The EU has added Russia’s state-owned Alrosa, the world’s largest diamond miner, to its sanctions list along with the company’s chief executive Pavel Marinychev....
...About 90 per cent of the world’s diamonds pass through Antwerp and Russia made some $4bn from rough diamond exports last year....
...Harry Winston devised his Cluster in the golden age of Hollywood....
...Diamond has sought to build up Panmure, which says it has doubled its corporate client base in the past five years, including through the acquisition of small-cap broker Whitman Howard in 2020....
...The ecommerce giant announced on Wednesday that it had agreed a $115mn minority investment in the largest operator of so-called regional sports networks in the US, Diamond Sports Group, which is seeking...
...Angela is presented as a rough diamond, or rather diamanté: sewer-mouthed and sweaty in a sequinned minidress, hurriedly managing a cramped in-car quickie with her boyfriend....
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