As the industry gathered in Hong Kong for the Jewellery & Gem World (JWG) show this week, important talks about the diamond industry’s difficulties were happening elsewhere.
Executives from Alrosa, which continues to sell rough despite being cut off from much of the market, met with customers and other trade members in India and Dubai over the past few days to explain how they viewed the current challenges, insiders told Rapaport News this week.
Their message: The miner is in no rush to reduce rough prices. Instead, the policy of not flooding the
AWDC asks for help in procuring bank accounts, work visas and other assistance for international players.
Two suspects are still on the run, while one is in custody and another is dead.
Group wanted to extort $2 million in cryptocurrency from business owner.
Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand.