Tag: diamond prices

Lab-grown diamond producers question De Beers’ pricing strategy | Professional Jeweller

Lab-grown diamond producers question De Beers’ pricing strategy | Professional Jeweller

While De Beers says its strategy will eliminate customer confusion over lab-grown diamonds and their natural counterparts, some producers are crying foul. According to Bloomberg, the lab-grown industry has filed a complaint with the U.S. Federal Trade Commission, accusing De Beers of price dumping and predatory pricing. “De Beers aren’t stupid,” said Chatham chief executive […]

De Beers U-turn on lab-grown diamonds divides industry | Financial Times

De Beers U-turn on lab-grown diamonds divides industry | Financial Times

The De Beers group’s move is a wager, says Mr Golan, on educating a confused consumer about the product and redefining it as something distinct from, and less valuable than, mined diamonds. “They took a big gamble which said, ‘Will we succeed in driving a wedge in perception between lab-grown and natural diamonds, which would […]

De Beers to Begin Selling Lab-Created Stones | Pret-a-Reporter

De Beers to Begin Selling Lab-Created Stones | Pret-a-Reporter

If you’ve ever longed for a pair of princess-cut pink diamond studs, but you experience sticker shock over the price of fancy-colored diamonds, Lightbox Jewelry is offering an alternative you may not be able to refuse. On Tuesday afternoon in New York, De Beers announced the launch of Lightbox by Element Six, a new company […]

CEDEX – Bringing Blockchain Innovation To The Diamond Industry | Crypto Daily

CEDEX – Bringing Blockchain Innovation To The Diamond Industry | Crypto Daily

One credible point that cryptocurrency skeptics often make is that there is little need for blockchain technology in most industries. Blockchains like Bitcoin’s are slow and costly to run, so it’s fair to argue that they will likely fail to take hold in industries where they don’t solve significant problems. Diamonds, however, are not one […]

Gem Reports Finding Fifth-Biggest Diamond in History | The Market Mogul

Gem Reports Finding Fifth-Biggest Diamond in History | The Market Mogul

One of the biggest diamonds in history has been dug up in the Kingdom of Lesotho, Southern Africa. The diamond has been valued at 910 carats and described as of “exceptional quality”. At roughly the size of two golf balls, it is the fifth biggest diamond ever found. The stone was found at the Lestseng […]

Diamond Prices Remain Relatively Unchanged in Sept. | National Jeweler

Diamond Prices Remain Relatively Unchanged in Sept. | National Jeweler

New York–Diamond prices fluctuated little between August and September, the latest report from the Rapaport Group shows. Prices for 1-carat, half-carat and 3-carat diamonds all dropped very slightly, 0.2 percent, while prices for 0.3-carat diamonds rose 0.3 percent month-over-month. Year-to-date (Jan. 1 to Oct. 1), prices have dropped for 1-carat (down 2 percent) and 3-carat […]

THE NEED FOR TRANSPARENT DIAMOND PRICING METHOD | Medium

THE NEED FOR TRANSPARENT DIAMOND PRICING METHOD | Medium

Natural white diamonds, just like natural fancy color diamonds, should benefit from the economy of rarity. The economy of rarity generates demand, and demand creates resale value. In order for the same trends witnessed recently with fancy color diamonds to carry across to white diamonds, transaction prices must be made known and available to all. […]

VIP buyers reject De Beers pricing strategy | IOL Business

VIP buyers reject De Beers pricing strategy | IOL Business

Diamond prices “De Beers has been too aggressive,” Anish Aggarwal, a partner at Antwerp-based industry consultant Gemdax, said. “You cannot sustainably price above the market and supply and demand fundamentals, and they’ve done that now for at least three quarters.” As De Beers raised its prices, the market has declined. Rough diamond prices fell 1.2 […]