-
China International Import Expo (CIIE-2018)
2018-12-13
On November 5-10 this year, one of the most important events was hosted in Shanghai – China International Import Expo. Our consortium also participated in it. Visitors of the pavilion of China’s first international exhibition of diamonds and gemstones enjoyed a large exhibition of Le’Amber consortium. It is the largest display booth in the pavilion,
-
The takeaway is that due to the aforementioned reasons, the international amber industry is going into a new economic phase – the recession phase, which can result in a deep international crisis.
2018-10-12
This is the argument we used to summarize our article, written in April of this year. Even though many of the amber processers, sellers and miners had a tiny hope that this economic process will somehow maybe be avoided, our consortium deeply regrets that in economy there is no such word as „maybe“. What we
-
Amber market review as on the beginning of 2018
2018-04-13
The price dropped to the level of 2011 Although in the beginning of this year the prices of raw amber plummeted to the lowest level observed during the last seven years, the situation in the market is totally different from the situation of 2011. In 2011, the global supply of raw amber made only 60%
-
Association “Le’ Amber Consortium” and “Shanghai Gems&Jade Exchange” announced about strategic cooperation
2018-03-16
In early March 2018 a delegation headed by the President of the association Algis Bitautas went to China to visit “Shanghai Gems&Jade Exchange” (hereinafter referred to as the CSGJE) and to reach an agreement regarding cooperation. The CSGJE will soon become a national platform for trade in gemstones. The aim of the CSGJE is to
-
Flow of Contraband Amber to China Continues
2018-01-18
The consortium’s information agency has received reports from unofficial sources that in late December, seven tonnes of Ukrainian amber were smuggled from Hong Kong to China. The information is confirmed by the significant increase in amber raw material supply and the drop in prices on the Chinese market. To verify this fact, informal negotiations were
