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DIAMONDS ARE FOREVER? NOT WITH TARIFFS IN THE WAY

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✍️ The diamond industry is facing challenges due to the US-China trade war and the rise of lab-grown diamonds, which are cheaper and chemically identical to natural diamonds.

👉 The diamond industry is facing challenges due to the US-China trade war and the rise of lab-grown diamonds. 👉 Lab-grown diamonds are chemically identical to natural diamonds and are selling at an 80% discount. 👉 The industry is pushing for diamonds to be excluded from tariffs. 👉 Some companies are focusing on natural diamonds, while others are investing in lab-grown diamonds.

-- #KarenRentmeesters #AlexanderLacik #PaulZimnisky #AlCook #Antwerp #Belgium #Botswana #SouthAfrica #MiddleEast #Europe #China #India #Surat #business

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Karen Rentmeesters Alexander Lacik Paul Zimnisky Al Cook Antwerp Belgium Botswana South Africa

5/27/2025

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DE BEERS TO DISCONTINUE LAB-GROWN DIAMOND BUSINESS LIGHTBOX

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✍️ De Beers Group is discontinuing its lab-grown diamond jewelry brand Lightbox and focusing on natural diamonds due to declining prices and market conditions.

👉 De Beers Group is discontinuing its lab-grown diamond jewelry brand Lightbox 👉 The company will focus on natural diamonds in the jewelry sector 👉 LGD wholesale prices have plummeted by 90%, aligning more with a cost-plus model 👉 De Beers Group will redirect investments into initiatives that enhance the appeal of natural diamonds

-- #AlCook #Oregon,US #business

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Al Cook Oregon, US business mainstream:perspective

5/10/2025

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TRUMP’S TARIFFS ON PRECIOUS STONES OF "NO BENEFIT" TO US ITSELF — DE BEERS CHIEF EXECUTIVE

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✍️ De Beers CEO Al Cook believes US tariffs on diamonds are of no benefit to the US and would be a consumption tax on American consumers.

👉 US tariffs on diamonds are of no benefit to the US 👉 Tariffs would be a consumption tax on American consumers 👉 US is the world's largest market for diamond jewelry 👉 US has no domestic mining or known commercial deposits of diamonds 👉 Tariffs would not create any new jobs

-- #AlCook #DonaldTrump #London #US #business

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Al Cook Donald Trump London US business eastern-bloc:perspective

5/5/2025

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TRAINING IS KEY TO TRANSITION MINES TO UNDERGROUND OPERATIONS

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✍️ The article discusses the shift towards underground mining operations and the need for retraining and reskilling of the mining workforce.

👉 Underground mining is becoming a viable alternative to open-pit mining due to the increasing demand for minerals. 👉 The shift towards underground mining requires significant retraining and reskilling of the mining workforce. 👉 Miners transitioning from open-pit to underground operations need specialized training in geology, geotechnics, and ventilation. 👉 Simulators are being used in underground operator training to provide a safe and realistic environment for training. 👉 Continuous training and development are essential in the mining industry to address the challenges of underground mining.