Major players in the Diamond market include Rockwell Diamonds, Anglo American Plc, Gem Diamonds, Petra Diamonds, and Lucara. The global diamond market will grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%.

The global diamond market will grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The diamond market is expected to grow from $3.41 billion in 2027 at a CAGR of 7.5%.

The Diamond market includes revenues earned by entities by using the revenues generated by diamonds to aid national development.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. Diamond refers to the process of mining diamonds of different carats.Art, science, engineering, and a lot of labour go into Diamond. Pipe mining, alluvial mining, and marine mining are the three forms of mining utilised to mine diamond.

Africa was the largest region in the Diamond market in 2021. The regions covered in this Diamond market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of Diamond are jewellery making and industrial applications.Jewellery making refers to ornamental pieces (such as rings, necklaces, earrings, and bracelets) that are made of materials that may or may not be precious (such as gold, silver, glass, and plastic), and are set with genuine or imitation gems, and are worn for personal adornment. The grades are gem grade and industrial grade.The various mining type includes Underground Mining, Surface Mining. The mining type includes underground mining, and surface mining.

The growth in the Diamond market is due to the increasing population in developing countries such as China and India owing to rising disposable income, increased demand, and availability of credit.Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted.

Marine Mining is a form of Diamond that is used in offshore placer deposits.For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, Disposable Personal Income in China increased to 47412 CNY 2021 from 43834 CNY in 2020. Therefore, the rising disposable income is driving the growth of the Diamond market.

Companies engaged in the Diamond industry are using X-Ray Transmission (XRT) technology, to increase efficiency in their operations in the global Diamond market.Under this technology, a mineral concentrate is passed through sensors that bombard each stone with X-rays and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make a transition to it.

The countries covered in the Diamond market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The diamond market research report is one of a series of new reports that provides diamond market statistics, including diamond industry global market size, regional shares, competitors with a diamond market share, detailed diamond market segments, market trends and opportunities, and any further data you may need to thrive in the diamond industry. This diamond market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Culture through Crisis: One Team's Commitment to Winning with Purpose, by Andrew Limouris is now available. The book is published with Forbes Books, the exclusive business book publishing imprint of Forbes, and is available on Amazon today.

In this collaborative effort by Medix CEO Andrew Limouris and his Medix Ohana—a Hawaiian term meaning 'family'—Culture through Crisis is a reflection on the culture that allowed the Medix team to transition to a fully remote company overnight and improve.

When the pandemic hit the world in early 2020, Medix went into crisis mode with everyone else. Limouris and his Ohana were asking themselves questions that will sound all-too-familiar to pandemic-era businesses. Will we survive? Will we make it to next month? The next week? Will we make it through the night?

As weeks turned to months, the leadership team struggled to find silver linings. Each day required them to seek new and innovative ways to keep revenue coming in the door and employee paychecks clearing. But, no matter how hard they swam to the surface, COVID-19 was feeling more and more like an anchor they couldn't hoist.

That's when they were thrown a life raft: their team. The Medix Ohana stepped up to help leadership keep the company afloat. They weren't content to just bob upon the waves. The team managed to grow sales at a time when others in the industry were locking their doors for good. And they did it because they are part of a company culture that centers on positively impacting lives.

"This book is a recipe for success, written by the entire Medix Ohana as a way to continue on our mission of positively impacting lives," Limouris said. "We wrote this because we want to share with you what has worked for us in hopes it helps you and your company as well. Because we know that with a resilient business, you will be able to carry out your mission. And if we are all looking to positively impact the lives of others, the world can truly become a better place."

Andrew Limouris is the founder, president, and CEO of Medix, an international staffing organization specialized in recruiting skilled personnel in the healthcare, science, and IT fields. He founded the company based on the mission and purpose of positively impacting lives and strives to recruit others who live the company's core values. As a result, Medix has developed into one of the largest and fastest-growing staffing agencies in America, according to Staffing Industry Analysts. Medix has been featured on Inc., The Best and Brightest, and was named Best in Staffing by ClearlyRated. Andrew was also honored as a Midwest Ernst and Young Entrepreneur Of The Year® in technology and talent services. Andrew, a son of Greek immigrants, received his bachelor's degree in speech communications from Ripon College. Andrew and his wife are proud parents of three amazing kids and two lovable puppies.

Launched in 2016 in partnership with Advantage Media Group, Forbes Books is the exclusive business book publishing imprint of Forbes. Forbes Books offers business and thought leaders an innovative, speed-to-market, fee-based publishing model and a suite of services designed to strategically and tactically support authors and promote their expertise. For more information, visit books.forbes.com.

With respect to trading the news, foreign exchange (forex) and stock market operators who have been around for a while know all about the old trading maxim advising them to “buy on the rumor and sell on the fact.”

This well-known adage refers to how the market often responds sensibly to rumors of an event, but it then corrects in a counter-intuitive manner once the news arrives and profit-taking sets in. That is just one of the various ways forex market participants can trade the news.

In this article, Benzinga explains how some forex traders incorporate news releases in their forex trading strategy so you can determine whether this type of trading could benefit you.

Why Trade the News?

News trading has been around for a long time in the stock market. Back in 1815, banker and financier Nathan Rothschild once famously received news from a runner of Napoleon’s historic loss at the Battle of Waterloo.

Rothschild then sold stocks publicly on the London Stock Exchange thereby giving the market the false impression that Napoleon had won and prompting a substantial sell-off. He then privately bought as much stock as he could at the lower prices he had induced before the market eventually caught wind of the real news and rallied. This ploy vastly increased his net worth.

As that classic news trading example shows, current events often have a significant impact on markets, whether they be for stocks, commodities or currency pairs. Economic news, especially the key forex news events that directly affect exchange rates, can also move markets very quickly.

This gives some fast-acting traders decent profit opportunities, while other seasoned or more casual traders might prefer to avoid the added risk involved altogether. Because of the significant impact that fundamental economic factors can have on exchange rates, many experienced currency traders aim to capitalize on pertinent news releases using a news trading strategy they can execute quickly.

Trading news is not for everyone though, and fast reaction times are often a requirement for news trading strategies. A trader who includes news trading in their forex strategies also typically knows what fundamental information moves the currency pair(s) affected by the news release and how it moves them.

This generally means that the trader has researched the economies of both nations thoroughly. This gives them the background to know immediately whether the impact on the currency pair’s exchange rate should be positive or negative.

They also have probably already developed a good sense of the underlying direction or trend of the exchange rate before the news release and have observed whether the currency pair has formed a consolidation pattern while awaiting the news.

Such observations allow them to rapidly determine whether any trend reversals or pattern breakouts occur once the news comes out. This then lets them respond appropriately and without delay to profit from the resulting rapid market move.

Dangers of Forex News Trading

Sensitive economic releases or major political announcements like the results of a close political election typically inject considerable volatility into the forex market. While many experienced forex traders can profit from trading off of news releases, most seasoned traders opt to avoid holding positions during these periods of notably increased volatility.

After the release of an important news item, the volatility in an exchange rate typically balloons depending on its implications. This can make many traders uncomfortable. Accordingly, more conservative traders often do not consider news trading strategies suitable for them — especially if they have a low pain threshold, lack deep pockets or want to avoid stressful trading conditions.

Traders who rely on performing technical analysis on exchange rate charts to inform their trading activities often avoid trading during these volatile news-release periods. Such traders depend on the forex market exhibiting the normal and orderly levels of supply and demand that make their technical trading decisions more effective.

Their trading methods also rely on the basic tenet underlying technical analysis that “the price discounts all.” Unfortunately for technical traders, that assumption tends to break down during the sharp revaluation periods seen during and immediately following news release events when the market is still embroiled in the urgent process of discounting the new information.

When a significant and unexpected news item hits the market, technical indicators and/or chart patterns can also give false signals. This can cost technical traders plenty of money because they can see a signal only to be stopped out shortly afterward.

One method to prepare yourself for the increased volatility often seen in an exchange rate following a key news release involves watching the market closely and/or paper trading during important releases to see how they affect the forex market and to hone your responses. You can also look back over historical exchange rate charts to see how the market responded to news releases that surprised it.

Like many prudent forex traders, you might decide to stay out of the market during these news releases because holding a position in a wildly swinging market can raise your stress levels. You can keep a forex economic calendar on hand so you will know just when the releases will come out so you can avoid them.

In any case, remain constantly aware when trading forex that you can incur significant trading losses if you hold a position in a currency pair during an important economic data release or another major news event that can affect the forex market. At a minimum, you should develop and practice a sound news trading strategy you can use to cope with the extreme exchange rate volatility that can arise from an unexpected news result.

An example of an economic release that typically adds a good dose of volatility to the forex market is the U.S. nonfarm payrolls (NFP) number. This important data release generally comes out on the first Friday of every month. Forex dealers, brokers and market makers often prudently widen their dealing spreads during the NFP release because of the high level of volatility often seen then.

As the sharp drop in the above USD/CAD chart shows, the NFP number can wreak havoc on the forex market if it deviates significantly from the market consensus. Other significant economic numbers like the Canadian jobs data can also have an impact on the market for affected currency pairs.

Keep in mind that substantial slippage can occur on stop orders left during major news releases. Slippage can result in significantly worse exchange rate fills because of the sharp movements and lack of liquidity often seen in the forex market at such times.

You should remain cautious when leaving stop-loss orders ahead of important economic data releases. The abnormal order slippage often seen during highly volatile markets can result in your stop order being executed at an unexpectedly unfavorable rate on an extreme spike or dip just before the market retraces.

This slippage phenomenon can cost you additional funds you cannot afford to lose that can even wipe out your trading account — especially if your broker does not guarantee your stop-loss levels and you do not have negative balance protection on your trading account.

3 Ways to Trade Forex News

If you have a strong stomach and sufficiently deep pockets to participate in news trading, you can look into various news trading strategies that can work in the forex market. Forex news traders employ a number of different strategies for coping with and/or profiting from data releases.

Economic data releases can also be traded in three main ways: proactively, during the release and reactively. These ways to trade forex news will be discussed further below.

Trading Before the News Release

Trading the news proactively means taking a position ahead of a news release. Many proactive news traders prefer to enter their orders around 20 minutes ahead of the data release. With the 20-minute period before the release, the market has not had time to make any significant move and is generally quiet ahead of the report. The time is also far enough away from the release that dealing spreads have yet to widen.

For example, a proactive news trading strategy can involve formulating an idea of what the data release will be. This expectation is then compared to the market consensus to determine whether it will surprise the market and send the exchange rate higher or lower. The trader then positions accordingly.

Another type of proactive strategy involves a trader establishing equal hedged positions on both sides of the market ahead of the data release. Basically, a hedge trader “legs” or trades out of the two opposing positions at different times in the volatile market that can ensue after the data release happens. The news trader using this strategy aims to take a smaller loss on one side of the position than their gains on the profitable leg.

While hedged positions cannot legally be established in some jurisdictions like the U.S., this strategy might work well where allowed. It can also be implemented in two separate trading accounts even in unfavorable jurisdictions. A hedge trader’s success will depend largely on their reactions, market timing and experience with this trading method.

Those who can trade currency options might instead enter into a long straddle or strangle strategy ahead of a news release. This strategy has a limited downside because it involves buying both a call and a put option, and it gives you more flexibility because you can split the strike prices based on your view.

If a favorable number comes out, the options trader would typically take their profit on the winning side of the trade first to ideally cover their premium paid. This allows for the losing side of the position to make back some money when the market snaps back after its initial exaggerated reaction to the release.

If the data release was unfavorable and the market falls, a similar follow-up strategy could be taken. The trader could first take their profit on the long put as the market sells off. They could then subsequently trade out of the initially losing long call position if a corrective bounce occurs.

Trading During the News Release

Trading during the release involves entering into a position while the number comes out. Because of the significant volatility that can occur, this strategy can result in either a steep loss or a sizable profit depending on whether the trader’s initial prediction was accurate or not.

Trading during a news release is not recommended because of the inherent volatility and lack of market transparency that takes place during these market events.

Perhaps traders with deep pockets and nerves of steel would be up for this type of trading, but most people find that trading an unhedged position during a news release on the wide dealing spread then available would probably not be worth the risk or stress involved.

Trading After the News Release

Many news traders prefer to trade economic numbers after they come out because that eliminates the uncertainty of whether the number was a surprise or not. It also lets them know in what direction and to what degree the number did not conform to the market’s consensus.

A popular strategy for trading news reactively involves waiting five minutes after the data release before taking a position. That brief period is important because you want to make sure the market gives the number the same importance you ascribe to it, and it lets you see whether the market reacts logically to the release.

A positive number that results in a brief rally followed by a bigger selloff in the currency pair could indicate other factors in the news report that are not readily apparent in the headline. This sort of behavior within the five-minute period can indicate a scenario to avoid because you may try to trade in a choppy market instead of with a new trend.

When the market’s expectations deviate significantly from the data and the surprise is significant, the initial move in an exchange rate often continues for some time, as you can note in the USD/CAD chart above. While this continuation may not last, the possibility of profiting from the move still exists for the observant news trader.

Can Forex News Traders Make Money?

Some experienced traders definitely make money in forex news trading, but they have usually done the required research and acquired the experience needed to trade news releases profitably.

Successfully trading the news also usually requires quick reactions, intense focus, a high pain threshold and the ability to withstand substantial stress that only a few forex traders typically display.

Because of the volatility and how capital-intensive trading a news release can be, the strategies described above will probably work best for seasoned and well-capitalized forex traders with nerves of steel. Those who have high blood pressure or other physical conditions that can be exacerbated by stress may want to consider using other strategies.

Storyblok, the content management system (CMS) category leader that empowers both developers and content teams to create better content experiences across all digital channels, released research which reveals that many businesses misunderstand what consumers want out of online shopping.

The survey of 6,000 consumers and 500 business leaders at medium-sized e-commerce companies across the US and Europe shows 77% of companies believe features such as chatbots enhance the customer experience, whereas only 27% of consumers agree.

When asked what the three most important factors are in the online experience, 65% of consumers said ease of navigation, 50% said visual appeal, and 45% said simple design. In contrast, only 28% of businesses cited improving the design of their website as a priority, and 43% said they would add more features. 52% of businesses said they would add more payment options, but this was less of an issue for consumers with only 37% citing limited payment options as a reason to abandon a purchase.

Consumers and businesses agree that fast loading speeds are critical. 42% of consumers said they decide whether to stay on or leave a website within 10 seconds - 20% within 5 seconds. 47% of businesses said improving their website loading time was a top priority.

Previous research by Storyblok underlines the importance of businesses understanding the priorities of their customers. Storyblok revealed that 60% of consumers regularly abandon purchases due to poor website user experience, with businesses estimating it costs, on average, $72,000 in lost sales per year.

Dominik Angerer, CEO and Co-Founder of Storyblok, said: "There's a lot of enthusiasm from businesses for more website features, but this is not shared by consumers - at least not yet. It's important for businesses to continually ask themselves if the features they add to their websites really do enhance the customer experience. More is not always better, and what our research clearly shows is that businesses cannot lose sight of the fundamentals of good design, clear navigation, and fast loading speeds."

Looking ahead, 28% of business leaders said they believe AR/VR experiences are the most important trend in marketing, followed by AI-generated content (22%), personalization (20%), and automation (11%). Consumers are slightly more skeptical about the impact of AR/VR with 42% stating it would encourage them to make a purchase and 21% saying they didn't know. Americans were more enthusiastic with 57% agreeing it would encourage them to make a purchase compared to 32% in the UK.

Other key points:

- Storyblok survey of 6,000 consumers and 500 business leaders reveals large divide between what e-commerce businesses think consumers want and what they actually need

- 65% of consumers think ease of navigation is the most important factor in website user experience - only 28% of businesses cite improving website design as a priority

- 77% of businesses say chatbots enhance the customer experience - only 27% of consumers see a benefit

- Consumers and businesses agree that more payment methods and faster loading speeds are key to stopping purchases from being abandoned

- American consumers and businesses believe AR/VR is the future of retail - Europeans are more skeptical