A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Pandora’s Revenue Rises in Second Quarter
Sales up 2% year on year to $1.11 billion.
De Beers’ Latest Sight Brings Diamond Crisis into Focus
Small rough is the biggest victim as tariffs compound the industry’s challenges.
On the surface, this week’s De Beers sight has been uneventful. The miner kept prices and flexibility rules the same as at the last sale. Demand remained split, with large rough selling and small goods out of favor — a dynamic in line with recent months’ trading sessions. Many of the Indian customers turned out only later in the week because of the Jain festival of Paryushana.
But beneath the façade is a brewing crisis for the rough market and the wider diamond industry, even with retail sales remaining steady…
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