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Diamond News Archives

Money Supply Growth Dropped in May to a 15-Month Low

Category: News Archives
Created: 08 July 2021
Hits: 420
Diamond Buyers Club
Money supply growth slowed again in May, falling for the third month in a row, and to a 15-month low. That is, money supply growth in the US has come down from its unprecedented levels, and if the current trend continues will be returning to more "normal" levels.
...

Read more from our friends at Gold & Silver

Dialog platform grows over 300% since official launch in late 2020.

Category: News Archives
Created: 08 July 2021
Hits: 448
July 08, 21 by Press Release

 

PRESS RELEASE - With a novel subscription service for diamonds, Dialog is changing the way
retailers think about sourcing.
Dialog Solutions Inc., the world's first diamond subscription service, has
seen over 300% growth since it's official launch in November 2020, thanks to a rapidly growing demand
from independent jewelery retailers and chain stores. The diamond subscription service is causing
jewelers to shift away from traditional methods of sourcing diamonds and embrace the benefits of a
more efficient and flexible approach to merchandising.
What has become simply known as "Dialog" was previously launched in beta form with a close group of
retailers for testing of its user experience. Since it's official launch, Dialog has seen three times growth
in its active subscription base in the first six months of 2021.
"We founded Dialog to provide a modern alternative to the traditional channels of sourcing loose
diamonds and I believe it is resonating in the market," said Itay Ariel, one of the founders of Dialog.
"Dialog is a simple solution that addresses multiple pressure points with retailers. We have truly been
humbled by the response."
Hales Jewelers, in South Carolina, is an early user of Dialog. "Dialog has made my diamond business
easier and more efficient" says Lucian Lee, president of Hales. "With Dialog, we always have the goods
we need in the showcase, on hand, when our customers walk in the door."
About Dialog
Dialog was founded to provide a solution for the jewelery retail market. As diamond industry veterans,
the Dialog team has a unique perspective on the diamond supply chain and modern pressure points
facing diamond retailers.
In Dialog, retailers subscribe to their desired inventory level and simply se
lect the right diamonds for
their stores....

Read more from our friends at IDEX

Gold Prices Steamrolling Toward $2,000: Goldman Sachs

Category: News Archives
Created: 07 July 2021
Hits: 504
Diamond Buyers Club
Gold prices are finally catching a long-awaited bid as inflation fears have subsided, and Goldman Sachs analyst Mikhail Sprogis said the upside move is only just beginning.
...

Read more from our friends at Gold & Silver

How Big Business Uses Big Government To Kill Competition

Category: News Archives
Created: 07 July 2021
Hits: 438
Diamond Buyers Club
Corporations can afford robots. Their competitors often cannot.
...

Read more from our friends at Gold & Silver

Locals Help Police Crackdown on Diamond Smugglers

Category: News Archives
Created: 07 July 2021
Hits: 459
July 07, 21 by John Jeffay
image

(IDEX Online) - Police seized diamonds worth $33,000 from smugglers in the central Indian town of Gariyaband after enlisting the help of residents.

 

The area is well known for its for diamondiferous kimberlite rocks. 

 

Officers encouraged locals to provide information on illegal digging, and as a result they confiscated 221 rough stones, according to The New Indian Express.

 

It quoted district police chief Bhojram Patel, who said: "The unscrupulous offenders from within and outside the state were seen involved in frantic digging in search of precious stones as this part of India has vast deposits of diamondiferous kimberlite rocks.

 

"We strengthened our information network which helped us in a big way to nab the major players in the diamond smuggling network."...

Read more from our friends at IDEX

  1. The Fed Is a Laggard, Now Discussing When and How To Taper QE. The ECB Is an Even Bigger Laggard
  2. The INFLATION LIE - Why Would the White House Post This?
  3. Target, Walgreens close early due to thefts in California stores
  4. Central Banks Face a Daunting Task: Tapering Without the Tantrum: The Economist

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