Synthetic and lab-grown diamonds are on the rise because they are easier to produce. However, for those who want a traditional genuine diamond, it has to come from a mine.There are a number of very successful mines in Canada. The Canadian Diamond industry is now worth more than two billion dollars. Carat production keeps going up with more that 12 million carats produced in 2004 alone. Continue reading »
Almost everyone in the world knows what a diamond is: a beautiful gem made over millions of years from hardened carbon, the hardest substance on earth, and, of course, a girl’s best friend.The diamond market is hotter than ever, with auctions being held all around the world on a regular basis, with large and expensive diamonds being bought and sold for small fortunes. More than $6 million was spent recently on a 101-carat flawless diamond at a Hong Kong auction! Continue reading »
To most Americans, the country of Botswana doesn’t come up in everyday conversation. Yet, to the diamond industry, it is one of the most powerful countries in the world. The small country is a larger supplier of rough diamonds. In the coming years, it is likely to be a growing importance in the diamond industry and it may help to keep up with demand for diamonds with an increase in supply, so that the cost of a diamond doesn’t keep rising as they become more scarse. As you consider the diamond industry yourself, you may want to consider the benefits you see here.Botswana posted some great numbers recently. The country’s diamond exports grew considerably during the first quarter of 2008 (mind you, this is at a time when most of the globe’s stocks, luxury goods and belts are being pulled tight.) During the first quarter of 2008, the country saw a rise of 6.8 percent in their exports. This is equal to about US $1.04 billion. This is according to the latest figures available from the Bank of Botswana. Continue reading »
While diamonds on the commercial market are frequently clear, colored diamonds are becoming much more popular today. Yellow diamonds in particular have become one of the most popular color diamonds.Recently, however, some extremely rare purple diamonds were discovered in Quebec. Nearly 750 diamonds were discovered in the region, nine of which were purple. The surface rock samples which were brought up were estimated to be nearly 3 billion years old. Continue reading »
There is much worry about the United States economy is even a world enterprise such as that of diamonds. The diamond industry is in fact one that encompasses a worldwide client base, as the diamonds that are in any region may be available for sale to those anywhere. Should a recession hit the United States, some experts believe, diamond sales could in fact fall somewhat. There are several potential problems here and it seems there might be one area of the world could help the diamond trade even if the United States falls into a recession. Continue reading »
For quite some time, Israel was enjoying a strong export business, but for April of 2008, the numbers showed a 17% drop. This means the number of polished diamonds being exported out of Israel dropped to just $376.34 million. In addition, even the volume of exports saw a reduction of 11%, which ended at $249,823.27 worth of diamond carats.Although there is some speculation as to the reason for the decline, experts believe the Basel World Watch and Jewellery show was the problem. This show was held the start of April, an event in which many Israel diamond traders and exporters attend. With this particular show, the number of exports was down while people were focusing more on buying. Continue reading »
When most people think about diamond mining, they picture shafts extending down into the earth for a mile or more, open pit mines and miners wearing hard hats and carrying picks. How many people picture aquatic diamond mining? It sounds exotic, doesn’t it? Offshore diamond mining conjures up images of miners wearing diving helmets, wielding shovels deep under water. It doesn’t work quite that way, though. Continue reading »
The traditional diamond centers of the world are well known to most folks in the US. Few people think of Antwerp without thinking about diamonds. Likewise for cites like Johannesburg and even New York City. However, some new names are rising in the industry and they stand poised to steal the much of the market away from the erstwhile leaders in the industry. Continue reading »
Each year, the World Diamond Congress will meet to discuss various topics that can have profound effects on different areas of the diamond industry. This year was the thirty third meeting of the World Diamond Congress and the issue of debate was the naming of synthetic diamonds. Continue reading »
Diamonds are one of the most significant areas of investment opportunity in the world, but figures from the industry range widely from one area of the country to the next. Here is a look at some of the leading diamond industries around the world. In addition, how they fared over the first months of 2008. Continue reading »
