Global consumer diamond demand (jewelry) grew 2% to an all-time record of $82 billion in 2017 amid a strong US market and a recovery in greater China, De Beers reported Thursday.
Antwerp’s diamond industry dates back at least 570 years, making it the oldest and most established of the global trading centers. It’s also the largest, and it maintains its relevance today despite the many challenges it faces.
The taxes imposed on Belgian diamond dealers yielded 68.4 mn euros last year, the so called Belgian carat tax, as compared to the government’s forecast of 50 mn euros in 2017 and to the country’s revenue of 51.2 mn euros in 2016.
De Beers has successfully traced the progress of 100 high-value diamonds from mine to retail using its new blockchain platform: Tracr.
The Carat+ show opened on Sunday, helping to raise sentiment in the Antwerp diamond market.
IBM has partnered with members of the diamond and jewelry industry to create a blockchain platform for improving traceability.
Three Art Deco emerald and diamond pieces by legendary British designer Hennell sold for $2.7 million (GBP 1.9 million) at Bonhams in London following a bidding war.
India’s polished-diamond exports grew 8% in March, according to data the nation’s Gem and Jewellery Export Promotion Council (GJEPC) released Friday.
The April sight of De Beers closed with a value of $520 million amid concerns among manufacturers that higher rough prices could affect profit margins.
Ruby Photo © Bonham’s Bonhams’s spring jewelry sale in Hong Kong will spotlight a 4.01-carat Burmese “pigeon’s blood” ruby ring with diamonds, carrying an estimate of $445,000 to $635,000.