Mines are closing, and middlemen are being squeezed. But don’t expect bargains at the jewelry counter. LONDON — Is it ever possible to have too many diamonds? For many in the business of producing and trading these gems in recent years, the answer is yes. The top diamond miners in the world, including the two largest, Alrosa and De Beers, have an inventory problem. So do many of the cutters and polishers who buy the rough stones and sell them to retailers. At every stage of the supply chain there are too many of these precious gemstones, whose marketing has long depended on their rarity. A glut in many other industries would ordinarily lead to deep price cuts. But consumers are buying stones
An innovative approach to sourcing gold responsibly and restoring fish habitats in Alaska and Canada, Salmon Gold meets the needs of manufacturing and retail companies that responsibly source minerals for their products. Washington, DC-based NGO RESOLVE has announced the launch of Salmon Gold™ — an innovative approach to sourcing gold responsibly and restoring fish habitats in Alaska, the Yukon Territory, and British Columbia — with its partners, Tiffany & Co. and Apple. The Salmon Gold project targets streams and habitat impacted by historical tailings, the residue left over from old placer gold mining sites that can prevent fish such as salmon and grayling from migrating and spawning. Now,
We bring you the round-up of latest news, events, trends and developments in the diamond and jewelry industry Lab-grown Diamonds 1. Lab Grown Diamonds come to rescue of India’s diamond value chain At a time when diamond industry is going through a glut, Lab Grown Diamonds have come to the rescue of the world’s largest diamond processing center. Over 600 units in Surat - India's diamond capital have shifted to Lab Grown diamonds, while exports of Lab-grown diamonds from India increased by 94% in the April to July 2019 period, worth INR 850 Crores ($ 116+ Mn) compared to only INR 450 Crores in the same period last year. Read more… FULL NEWSLETTER [READ MORE]
