Despite manufacturing decline, Antwerp keeps polishing alive
September 01, 2010
An inevitable and well-known shift has taken place in the last decade or so as diamond production has shifted from West to East. That has been the case for the Antwerp diamond industry, as well as those of other diamond centres such as Israel and the United States. With competition intensifying and margins becoming slimmer, manufacturers have had to seek lower labour costs by moving production to other parts of the globe.
Second tier emerging markets present new opportunities
August 25, 2010
When it comes to emerging markets in the diamond business, the focus is usually on China and India. However, there are other emerging markets whose demand for diamonds is also growing, albeit on a smaller scale. Three of the most interesting are Russia, Brazil and South Korea, and each has an entirely different perspective on the diamond and jewellery industries.
Financial crisis shuffles rankings of diamond producers
August 18, 2010
To say that 2009 was a pivotal year for the diamond industry might be something of an understatement. In the wake of the global financial crisis that struck in the final quarter of 2008 and the widespread recession, particularly in the United States, which lasted much of 2009, the diamond industry was forced to make many changes.
It’s a man’s world: jewellery and the new masculinity
August 11, 2010
Men and jewellery are not usually words that go together, unless it’s in the sense of the man buying an engagement or wedding ring or anniversary or birthday gift. However, in recent years, men appear to be taking a greater interest in buying jewellery for themselves.
The shrinking and expanding diamond distribution chain
August 04, 2010
The march of time and technology is relentless, not least of all in the diamond business. In less than a generation, the industry’s production base has shifted from West to East; demand has joined, if not replaced supply as the main market driver; and developments at one end of the pipeline are detected and reacted to with lightning speed.
Promotion is falling short, says De Beers' head of marketing
July 28, 2010
Dominic Brand is the head of global marketing for De Beers. He joined the company in 2001, having previously worked in the alcoholic beverage industry for companies such as United Distillers, IDV, Allied Domecq and Jim Beam Brands (JBB). He spoke with Antwerp Facets Online.
Bourses' role evolving in modern diamond business
July 21, 2010
The general assembly of the World Federation of Diamond Bourses, the international diamond trade’s largest representative organisation, gathered from July 11 to July 13 at the Ritz Carlton Hotel in Moscow for the 34th World Diamond Congress. Within less than an hour of being called to order, the body accepted the South Korean Diamond Exchange as its 29th member.
Untying the Gordian Knot of Kimberley Process
July 14, 2010
With apparent deadlock at its June inter-sessional meeting in Tel Aviv over the issue of Zimbabwe, the Kimberley Process appears to be at somewhat of a crossroads. The inability of members to reach a consensus decision, despite hours of discussions late into the night, on the report by the KP monitor for Zimbabwe that diamonds from the disputed Marange area were in compliance with KP standards, brings several of the Kimberley Process’ flaws into focus.
New AWDC president ready to move forward with agenda
July 07, 2010
If anything can be said about the newly elected president of the Antwerp World Diamond Centre (AWDC), it is that he is eager to get started. Nishit Parikh, born and bred in the diamond industry and better known by friends and colleagues as Bali, is the first person of Indian origin to serve as AWDC president.
Giving back: CSR focus expands to sustainable development
June 30, 2010
For two days, on June 24 and 25, more than 2,000 representatives of the international business community, governments and civil society huddled together in hotel ballroom off New York’s Times Square at the Leaders Summit of the United Nations Global Compact. Divided into small workgroups, the participants discussed the role of business in meeting the challenges of global integration, sustainable development and the protection of the plant’s environment.
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