Australia

Details

  • Industry: Energy & Natural Resources, Mining
  • Type: Benchmarking study, Regulatory update
  • Date: 15/01/2014

Commodity Insights

Commodity Insights Bulletin
KPMG's quarterly global bulletins provide insight into trends, issues and changes within the key mining commodities.

Diamond Insights: Q2 & Q3 2013 

The international diamond sector witnessed the successful conclusion to the migration of the De Beers Global Sightholder Sales (DBGSS) on 11–14 November 2013 in Gaborone.
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By all accounts, the migration has been very successful with many sightholders expressing their satisfaction with the facilities and organisation.

 

Despite this highlight of the year, a number of challenges will continue to affect the industry going forward.

 

These include complaints of tight margins by the polishers and retailers, the spectre of synthetic diamonds coupled with the declining spend by the industry on marketing, branding and advertising, and the more conservative approach adopted by the financial institutions.

 

These issues will need to be addressed and resolved sooner rather than later.

 

 

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