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Petra Boosts Production; U.S. Group Selects 'Future of Design' Winner

Business Incubator Contest Concludes at MJSA Expo

Mar 14, 2012 6:30 PM   By Rapaport News
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Dealer trends from Baselworld 2012 indicated that yellow diamonds, in particular, were hot while blue and pink stones experienced good demand. Generally there was good interest in fancies in the 0.50-carat to 15-carat range while demand for rounds was more subdued. High-end watches proved to be in good demand and the jewelry brands indicated strong interest from European and Asian buyers for very high-end diamond jewelry.

In this broadcast, Petra Diamonds' Johan Dippenaar explains how the diamond mining company expects to meet growing global demand for rough diamonds in the next two years. Prices have recovered from their slump in third-quarter 2011 and Dippenaar observes very good demand for small stones especially from India and China.  (Read full interview.)  future of design winner

From New York, a group of jewelry industry professionals launched a program, the Future of Design Business Incubator Contest,  for which jewelry designers competed in an effort to show a strong case for their designs as well as marketing and business plans. Cindy Edelstein of the Jewelers' Resource Bureau explains how the project arrived at this final stage and selected one incubator winner during the MJSA Expo in Manhattan. 

Tags: business, contest, diamond, dippenaar, future design, jewelers' resource, Jewelry, johan, mining, Petra Diamonds, Rapaport News
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