From an outsider’s perspective, the partnership between De Beers and Botswana gave the impression to be crumbling after more than 50 years of collaboration. The media protection and political rhetoric from sure quarters hinted at a possible collapse of the partnership. The Kimberley Process statistics point out that Russia continues to be promoting diamonds strongly, with 2022 exports of 36.7 million carats valued at $US3.87 billion ($AU5.eight billion).
- Consumers are being drawn to an alternate product where they’ll maybe get a two-carat diamond as a substitute of a 50-pointer for the same money.
- I even have never seen a diamond market going through such a set of advanced difficulties simultaneously before.
- Consumers are seeking items that stand out, providing a contemporary twist to conventional diamond jewellery,” he added.
- Diamonds have all the time been non-essential luxury items, marketed brilliantly over the a long time to represent the final word reward of love.
- Jeweller endeavours to maintain up definitions the place they are applicable and relevant to the current buying and selling setting, and to enable easy comparability with information in earlier reports.
Commenting on the lead to a media launch, Daniel Bracken, CEO MHI, mentioned, “I am significantly happy with …
