Industry-related stocks were broadly down over the past week. U.S. retailers fell, led by Birks Group (-16%) and Nordstrom (-10%). Chinese jewelry retailer shares followed declines in the local Hang Seng index, led by Luk Fook (-7.6%) and Chow Tai Fook (-3.4%). Miners’ shares were largely down, including declines in Rockwell Diamonds (-15%) and Firestone […]
Load MoreNY jewelry shows quiet. Better goods stable but market sentiment weak. Dealers cautious ahead of summer vacations in Belgium and Israel. Low expectations for next week’s Mumbai show as gold jewelry sales decline after price surge (+28% in Rupee for 2016). De Beers 1H revenue +8% to $3.3B, underlying earnings +5% to $379M. Petra FY […]
Load MoreMost natural diamonds are formed at high-pressure high-temperature conditions existing at depths of 140 to 190 kilometers (87 to 120 mi) in the Earth. Carbon-containing minerals provide the carbon source, and the growth occurs over periods from 1 billion to 3.3 billion years (25% to 75% of the age of the Earth). Diamonds are brought close to […]
Load MoreThe Four C’s of Diamonds can be quite confusing to the average person. Here is a simple how to Diamond Buying Guide. Chances are that if you are reading this you are shopping for a Diamond Engagement Ring. There is a lot of information on Diamonds out there, but my goal is to provide you […]
Load MorePolished market stable, but positive momentum has slowed. Big-stone demand restrained. Shortage of better-quality goods as high-end consumers seek rare, unique pieces. Lower visitor traffic and fewer exhibitors at Baselworld reflect cautious Swiss watch industry. Brands offering vintage designs and lower price points are competing with smart watches. De Beers reduces 2017 sightholder ITOs, allocating […]
Load MoreWell, let’s start with the first of 2 natural ways a diamond gets its blue color from. The first involves the incorporation of the element Boron into the lattice of the diamond replacing atoms of Carbon which classifies them as Type IIb. Boron is the element that manufacturers of semiconductors implant into silicon, allowing them […]
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