DiamondBuzz
De Beers Sightholders report shortages of large diamonds
Rough diamonds above 5 carats were in tight supply at this week’s sight, customers reported, with explanations ranging from production cuts to ’ strategy of withholding supply. The February trading session saw stable prices in the vast majority of categories, as the miner maintained its policy of not flooding the market, insiders said this week.
The lack of large stones has puzzled some, since De Beers is reportedly sitting on $2 billion of inventories, its largest since the 2008 financial crisis. Many market insiders viewed it as a positive that these sizes were hard to find, reflecting that the categories had sold better in the past few sights. The resultant polished — mostly 2 carats and larger — has performed better in the recent downturn than 0.30- to 2 carat goods.
Some point to a tactical effort by De Beers to limit supply — either to protect the market or to reward sightholders that purchase less sought-after items.
SOURCE: RAPAPORT
DiamondBuzz
Botswana and Angola Join WFDB As Nation Affiliate Members At Recently Concluded WFDB Summit
Bharat Diamond Bourse Postal Stamp Presented to Hon. Bogolo Joy Kenewendo. Minister Of Minerals and Energy, Botswana
Mehul Shah, Vice President of the Bharat Diamond Bourse, presented the official stamp released by the Department of Posts, Government of India, to Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Republic of Botswana, during his visit where he represented the Indian Diamond Industry at the World Federation of Diamond Bourses (WFDB) Summit. Honorable Minister showed heartfelt appreciation during the presentation and reiterated the excellent relationship the Republic of Botswana shares with India.

On the Summit, Mehul Shah opined:

“I am very happy that Botswana and Angola have joined the WFDB as Nation Affiliated Members, broadening the Federation’s international representation and deepening engagement between producing countries and the global manufacturing community. It was also a pleasure to meet Hon. Minister of Minerals and Energy Ms Kenewendo and present her the Bharat Diamond Bourse Stamp.”
The World Federation of Diamond Bourses (WFDB) concluded its International Summit in Gaborone, Botswana. The summit brought together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations.
Held in collaboration with Botswana’s Ministry of Minerals and Energy under the theme “Nation-Building and the Future of Responsible Luxury”, the summit focused on the long-term positioning of natural diamonds, including provenance, beneficiation, transparency, sustainability and value creation across producing nations and trading centers. The gathering sought to reinforce consumer confidence and strengthen the value proposition of natural diamonds within an increasingly competitive luxury landscape.
-
BrandBuzz17 hours agoForevermark Diamond Jewellery Unveils Avaanti: A Celebration Of Life’s Never-Ending Symphony
-
BrandBuzz19 hours agoDAIMANTÉ Strengthens Bridal Segment With Launch Of ‘Bridal Trousseau – Talisman Collection’
-
International News19 hours agoGJEPC Delegation Begins Poland Leg Of Eastern Europe Trade Mission
-
National News19 hours agoGJEPC Leadership Meets Maharashtra CM Shri Devendra Fadnavis To Discuss Key Industry Priorities


