Monday, Jan 26th
Last update04:11:41 PM GMT
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Although the late summer sun might indicate the opposite, the conditions on the market are rather unstable and even heavily clouded, as diamond traders and manufacturers are not really enjoying an indian summer. Polished prices have plummeted, especially in the larger categories, high rough prices are reducing profit margins to virtually zero, the credit crunch is hitting the industry hard and buyers seem to wait-and-see, causing confidence in the street to be rather low.
Rough Talk - IDMA Blog
IDMA PRESIDENT PUTS DISCUSSION OF DIAMOND INDUSTRY FINANCING FIRMLY ON TOP OF THE INDUSTRY PLAYERS' AGENDA 20 February 2013, 00.00
As the primary representative of diamond manufacturers worldwide, I would contend that one of the major concerns all manufacturers share is the financial burden that we carry.
Therefore, during my term as IDMA president, I intend to bring the discussion about financing to the top of the agenda. I want to try to engage all parties involved - rough diamond...
FROM THE OFFICE OF MAXIM SHKADOV, IDMA PRESIDENT 11 December 2012, 00.00
At this time, as these are the last few weeks before the end of year holidays, most of us will be quite busy. However, I think this is as good a time as any to invite our industry peers and do some strategic thinking about the future of the diamond supply pipeline.
In no small terms, the last couple of days this congress have done just that, no matter how...