This content was first published on IGR – Italian Gemological Review no. 2 in 2017. The information provided here is therefore current as of the original publication date.
Following the improved economic perspectives, the industry is experiencing a ferment that has not been seen for some time. Large and small scale changes, generating positive effects, are arising in the global diamond market. Innovative vectors are successfully invading various branches, from marketing to finance and mining. What are the reasons for this? Multiple causes are there.
A deep examination would take time but no doubt it would be useful. Firstly, market seems to have accepted the growing presence of synthetic diamonds, thanks to more effective information campaigns aimed at the identification, together with the availability of more affordable and innovative technical equipment. The leading diamond bourses in Antwerp and New York, show vibrant trends, while Indian market is relatively calm.
De Beers is back to its historical function of promoting the market confidence and is investing US$ 140 million in new initiatives such as its own IIDGR certification system and a new synthetic screening device to test multiple stones in set jewellery at once. Thomas Hainschwang in our last issue focused on the crucial importance of upgrading the technology of the industry to keep up with the massive introduction of CVDs.
Alrosa opened a diamond processing center in Vladivostok to produce stones over 2 carats. The Russian Federation is evolving in a trading platform. Retailing market is doing well in the US. Everything seems to go for the best! The last jewelry shows tell us that signs of recovery can be confirmed.
By Sergio Sorrentino, published on Rivista Italiana di Gemmologia #2, September 2017.
