GJ Town India

  Demand for the full impact of the tariffs has yet to be seen   In the recently released DeBeers Interim Financial Results for 1H 2025, DeBeers view the market and also talk about market Outlook.   By viewing Markets DeBeers said, rough diamond trading conditions remained challenging in the first half of 2025 as both the diamond midstream and downstream adopted a cautious approach to restocking amid broader market uncertainty, coupled with continued surplus polished inventory in the midstream.   While a stabilisation of polished diamond prices in the first quarter of the year temporarily supported an improvement in industry sentiment, polished trading slowed again in the second quarter amid increased uncertainty surrounding US tariffs announced in April. Although wholesale rough and polished diamond trading conditions remained difficult, consumer demand for diamond jewellery was broadly stable in the first half of the year. Demand in the US held steady y...

  Get Diamonds Platform CEO announced!   The World Federation of Diamond Bourses (WFDB) announced that it has recruited industry veteran Kim E. Pelletier to serve as CEO of the newly formed Get Diamonds B2B diamond trading platform.   Get Diamonds, which is owned by the WFDB, is the only non-profit entity diamond trading platform whose slogan is “By the industry, for the industry.”   Get Diamonds is operated by Lucy Platforms, an Israel-based hi-tech company that uses state-of-the-art technologies including artificial intelligence (AI) to create a most advanced diamond trading platform.   Since launching in March, Get Diamonds has become the largest diamond trading platform in the world, with 1.3 million stones listed.   Its 5.8 billion dollar total value of listings demonstrates the desire of the industry for an alternative trading platform that brings added value to industry members. Yoram Dvash, Acting President of the WFDB said, “We sought a stron...

De Beers Group supports enhanced transparency with “Diamonds from DTC” Launches www.dtc.com   to provide more information about source of origin De Beers Group announced that it is to support the diamond trade in providing enhanced transparency regarding diamonds purchased from its Sight sales by introducing a “diamonds from DTC” source of origin claim-( In Canada, the term “diamonds from Diamond Trading Company” will be licensed for use instead of “diamonds from DTC”.) The claim will serve as a factual statement about provenance that Sightholders and Accredited Buyers can use for diamonds purchased from Sights. For diamonds purchased from the third Sight of 2019 onwards, subject to entering into a licence agreement, Sightholders and Accredited Buyers will be able to apply the claim to their Sight-sourced diamonds and pass it on to their customers along the value chain. In turn, subject to meeting certain criteria, trade participants will be able to use ...