International Jewelry & Diamond Conference (Guangzhou) 2018

The International Jewelry & Diamond Conference (Guangzhou) 2018, co-organized by Guangzhou Diamond Exchange, Guangdong Gems & Jade Exchange and Antwerp World Diamond Centre, was held on Nov 27 2018 More than 600 delegates from home and abroad attended the conference

Antwerp Diamond Day

On 28 Nov 2018, 6 Chinese jewelers signed on to be DnA (Diamonds & Antwerp) Ambassadors in Guangzhou, witnessed by the Governor of Antwerp Cathy Berx, Consul General of Belgium in Guangzhou Joris Salden, Guangzhou Diamond Exchange Chairman Zhu Yongsheng and General Manager Liang Weizhang

Run of Mine Diamond Tender

From 19th-26th April, Guangzhou Diamond Exchange held a Run of Mine Diamond Tender in Guangzhou All parcels with a total weight of over 230,000 cts have been successfully transacted

Generic Public Course on Rough Diamonds

In March 2018, Guangzhou Diamond Exchange opened its first Generic Public Course on Rough Diamonds, including theoretical learning, trading experience sharing, factory visiting, as well as goods viewing, and the industry responded enthusiastically

Seminar on Diamond Supply and Demand

In March 2018, Stephane Fischler, President of World Diamond Council visited Guangzhou Diamond Exchange, and shared his view on China facing new opportunity and challenge on diamond supply

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Synthetic Prices Fell 60% Since De Beers’ Lightbox

publish:2019-03-11

In an interview quoted by Gem Konnect, CEO of De Beers Bruce Cleaver claimed that wholesale prices for lab-grown diamonds “have fallen by up to 60%” since his company launched the sales of synthetic stones for jewellery through its Lightbox brand last September.
 
Cleaver added that prices will continue to fall “as improved technology increases the quality and volume of lab-grown diamonds”. He said: “The margins that were out there are not sustainable. I like to compare it to a flat screen TV. The first ones were very expensive and the quality was poor”. He said that synthetics were not driving prices of natural diamonds down, as the two are two “different” products. He added that De Beers plans to increase its marketing budget for natural stones in 2019, which totaled $166 million in 2018.
 
According to the piece, Lightbox expects to sell 20,000 carats of synthetic diamonds by the end of 2019. In 2020, when De Beers’ own factory in Oregon state goes fully operational, it will produce more than half a million carats of synthetic rough a year.
 
Source: IDI

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