1-800 Loose Diamonds, Jewelry Education »

[29 Jun 2015 | No Comment | ]

The amount of goods deferred or outright refused was less than in previous years. Manufacturers are expected to begin ramping up their polished production from the current levels by the end of June. De Beer’s diamond boxes were trading on the secondary market at very slight premiums and with credit terms of up to 90 days.

1-800 Loose Diamonds, Jewelry Education »

[28 May 2015 | No Comment | ]

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1-800 Loose Diamonds, Jewelry Education »

[28 May 2015 | No Comment | ]

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1-800 Loose Diamonds, Jewelry Education »

[21 Jan 2015 | No Comment | ]

While few dealers argued that point, manufacturers countered that there not only being squeezed by reduced bank credit, but by rough prices remain high in a declining polished market. DeBeers maintained relatively stable prices at the December site, which closed with an estimated value of $600 million. Rapaport estimates that DeBeers rough sales rose 14% to more than $6.5 billion in 2014, boosted by price appreciation and a stronger than usual second half of the year.

1-800 Loose Diamonds, Jewelry Education »

[24 Nov 2014 | No Comment | ]

“The DeBeers stock at the time of Asian currency crisis of 1997/1998 had a value of several billion dollars. Our senior management questioned whether holding such a large stock was a sustainable and efficient use of capital,” Davies said, “and this triggered a strategic review that resulted in a decision to liquidate the stockpile over a number of years.” Responding to that claim, Vanderlinden said, “we can only take them at their word. Nobody really knows. The truth is probably somewhere in the middle.”