GJ Town India

A more challenging environment Tumbles buying sentiment YoY! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.   Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”   Particular: Cycle 5 2019 (provisional) [1] Cycle 4 2019 (actual) [2] Cycle 5 2018 (actual) Sales value [3] ($m) 390 416 581 Notes to this table: [1]   Cycle 5 2019 provisional sales value represents sales as at 24 June 2019. [2]   Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle of 2019. [3]  Sal

DBGIS is research into diamond synthesis! Recently Jonathan Kendall, President, De Beers Group Industry Services inks & says in my last blog post I discussed how vital confidence is if you are to succeed at any and all stages of the diamond value chain, and to maintain confidence requires expertise, innovation and hard work. In the diamond sector, this has never been truer than it is today. Across the industry, experience and knowledge are vital for diamond businesses when it comes to retaining the confidence of customers. A central part of maintaining this confidence, and a key area of focus for us at De Beers Group Industry Services (DBGIS), is research into diamond synthesis and the development of equipment that can reliably and consistently detect synthetic diamonds and ensure they are not misrepresented as natural diamonds. And because we’ve been working on this for almost three quarters of a century the synthetic diamond detection machines that we at DBGIS p