Wednesday, June 14, 2017

After the publication of the Report of De Beers on the state of the diamond industry (Diamond Insight Report) in 2014, the diamond company said in a new report in 2016 identified the new global and regional trends that are associated with changes in macroeconomic trends in emerging economies, as well as volatility forecasts of global economic growth.
The De Beers also stressed the need for members of the diamond industry to strengthen its competitive opportunities through better planning and increased investment in innovation and marketing.
A new report on the state of the diamond industry in 2016 is focusing on a number of new developments in the market, namely the new consumer preferences. According to the authors of the report, the representatives of "two thousandth generation" are becoming more and more important age group, and in addition, there is the economic empowerment of women, which causes the increase in purchases of jewelry. In addition, the growing competition from other categories of luxury goods increased individualization of jewelry products and innovations in the retail sector, according to De Beers.
At the same time, financial problems for the cutting and polishing segment is expected to continue, and enterprises in the industry will have to adapt, adhering to the tightening of lending standards and professional activity, which will lead to greater transparency in the supply chain of the diamond.
As for the diamond producers, that a large proportion of all rough stones, is expected to be produced from the increasingly deep mines, which are complex and costly to operate. Manufacturers require additional investment to increase production volumes, say in De Beers, while diamond production is expected to remain relatively stable and predictable for the next 10 years.
According to De Beers to analysts, consumer demand for synthetic diamonds currently negligible, but synthetic stones production possibilities for jewelry, will likely continue to expand. Over time, costs and the ultimate cost of these stones to consumers is expected to be reduced.
Independent analysts from large banks expect the sale of diamond jewelry will grow at the expense of the US, while the pressure on the diamond cutting segment is likely to continue. Their findings for the most part consistent with the data report of the company De Beers.
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1 comment:

Pearl Necklace said...

Rio Tinto has unveiled its biggest purple diamond, mined at the mine Argyle (Argyle) in Western Australia, it said in a press release.
Diamond weighing 2.83 carat oval-cut, called "The Argyle Violet" ( "Purple Argyle"), will be the focal point of the upcoming tender pink diamonds from the Argyle mine. Every year, Rio Tinto holds a tender rare stones from the mine.
As noted in the company, more than 90% of the world's rarest pink diamonds are mined at the mine is Argyle, which is also the only source of purple diamonds, which include a large amount of hydrogen. Purple diamonds are extremely rare, and in 32 years of production at Argyle was produced only 12 carats of diamonds offered at tenders Rio Tinto.
Faceting "The Argyle Violet" carried out by the company Rio Tinto at its plants in Western Australia. Master Cutter Richard Hau Kim Kam (Richard How Kim Kam) has created a brilliant diamond weighing 9.17 carats mined in 2015. "The Argyle Violet" has been certified by the Gemological Institute of America (Gemological Institute of America, GIA) , and received the classification of "fancy dark blue-gray purple diamond".
Tender pink diamonds from the Argyle 2016 will begin in June with private views in Copenhagen, Hong Kong and New York.