Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe


De Beers Postpones Supplier of Choice Due to EC Investigation

Summer 2001

De Beers announced that it is postponing the formal implementation of its new Supplier of Choice strategy until the dialogue currently underway with the European Commission has been completed. The strategy was supposed to be launched in June.

The European Commission announced last month it was investigating whether the new strategy violates its anti-trust laws. They have sent letters to the sightholders asking whether the strategy will increase demand for De Beers’ diamonds. The E.C. is also said to be investigating the De Beers’ retail venture with LVMH.

In related news, in a sign that the diamond market remains weak, De Beers’ Diamond Trading Company announced that sales for the first half of 2001 totaled $2.6 billion — 25.5% lower than the equivalent period in 2000. A statement said that Christmas sales of diamond jewelry were below expectations, and led to excess inventory of polished diamonds being held by the trade. Consequently, the U.S. trade did not restock.

The lower sales by DTC is a blessing in disguise for the industry as it will keep prices firm.

The DTC anticipates that the market should begin to show signs of improvement in the second half though much will depend on what happens in the
U.S. De Beers anticipates retail sales worldwide will fall five to seven percent this year.

One note about these results: De Beers is now private, and by releasing these figures, it is showing that it is keeping its promise to remain somewhat transparent. This is good news, since De Beers stock price and sales results were always used as gauge of the industry. Now that De Beers’ shares have been de-listed, its sales results are one of the few ways we can measure how well the trade is doing. Obviously there is room for improvement.

Related Articles

Blog Archive

Popular Cuts For 2 Carat Diamond Engagement Rings

Meet the pink ring that is over $1M
Blog Archive

Meet the pink ring that is over $1M

Diamond Jewelry at Grammys 2019
Blog Archive

Diamond Jewelry at Grammys 2019

WhatsApp chat