Diamond Developments You Should Be Following: Dec. 16

De Beers owner’s rating may be in junk territory, diamond prices may fall further, and other stories on the industry’s radar this week.

–  De Beers owner Anglo American’s rating may be cut to junk.  Why the diamond crisis may end next year.  Moody’s sees further diamond price cuts.

–  Indian government tries to clean up Winsome Diamonds mess.

– De Beers, Namibia still talking. Namibia’s diamond factories “on the brink of collapse.”

– Couple loses R2-D2-theme diamond ring. Jeweler helps find owner of lost wedding ring.

Media Watch: Washington Post on why engagement rings are so expensive. CNBC looks at Diamond Foundry/man-made diamonds.  Financial Times interview with Laurence Graff.

JCK News Director