(ehudlaniado.com) - Slowly but surely, the tide is turning. For decades, the diamond industry feared the idea of diamonds serving as an investment. Some will say that such attempts in the 80s led to major loss of value and erosion in the perception of diamonds, but most simply wanted to see diamonds as a symbol of love and no more. Diamonds as a component in jewelry sold for a good margin. However, a series of recent initiatives shows how the market, the investment world, and even the industry are starting to accept the idea that diamonds are much more than just something pretty. They have financial power.
News
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India's Gem & Jewellery Export Promotion Council (GJEPC) summed up the results of October sales and, in general, the last seven months - from April to October.
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Endiama: Catóca considering going underground
Angolan state-owned diamond miner, Endiama says its 41%-owned Catóca mine is thinking about expansion underground, according to the company director of mining operations and joint venture management Miguel Vemba.
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Diamonds now contribute 5.5% of UAE non-oil trade
Diamonds are now contributing 5.5% of the United Arab Emirates non-oil trade, according to a senior government official.
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Russian jewelry market volume amounts to 312 billion rubles in January-September 2024
According to the SOKOLOV Analytical Center, in the first 9 months of 2024, the Russian jewelry market grew by reached 26.3% compared to the same period last year to 312 billion rubles ($3.16 billion).
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Interaction between business and indigenous peoples discussed at COP 29 conference
At the UN Climate Conference (COP 29) taking place in Baku, international experts discussed the issues of interaction between businesses and indigenous peoples.
12 november 2024