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Lesedi La Rona: The big stone that didn’t lighten Lucara’s world?

The high-end diamond game is played on a very small field by only a few players. Not many diamantaires have the financial muscle or the nerve to cut big diamonds.

16 october 2017

Risks and advantages of Angola's ‘Udachnaya’ pipe

Last May, it became known that ALROSA would buy a share in the Luele diamond pipe that is part of the Luaxe concession. The Russian company considers the Luele pipe as the largest among the deposits discovered over the last 60 years. This is a kind of...

09 october 2017

VAT imperils Dubai’s diamond trade, DDE chairman warns

(gulfnews.com) - Dubai: VAT on loose diamonds will imperil the diamond trade Dubai has spent 15 years building, Peter Meeus, Chairman of Dubai Diamond Exchange (DDE) said on Monday. Speaking at the opening day of the Dubai Diamond Conference, at Dubai Multi-Commodities...

Today

How China’s wealthy are spending more on luxury travel, and why that’s a challenge to diamond sales, says De Beers CEO

(scmp.com) - Sales of gemstones have been flat or declining for the past six years, and De Beers’ Bruce Cleaver says spending by China’s wealthy on luxury travel, electronics and fine dining affects how much they splash on diamonds.

Today

Changes in Demand Reveal Trends and Uncover Issues

(ehudlaniado.com) - Recent changes in demand for polished round shaped diamonds in key sizes highlight some interesting trends, anomalies and problems in the wholesale sector of the diamond market. A look over the past year reveals that ahead of the holidays, there is not...

Yesterday

Rio Tinto ups diamond production in Q3

Yesterday

Rio Tinto Group has announced that its diamond production for the third quarter of 2017 was higher than the third quarter of 2016.

Rough patch for De Beers as eighth sales cycle dips to $370m

Yesterday

De Beers said its eighth sales cycle eased to $370 million from the previous cycle’s $507 million or $494 million, a year earlier.

RJC and DMCC to collaborate on CSR and sustainability in jewellery segment

Yesterday

The Responsible Jewellery Council (RJC) and the Dubai Multi Commodities Centre (DMCC) signed a Memorandum of Understanding to work cooperatively on advancing their shared objectives of improving corporate social responsibility and responsible supply chain efforts in the jewellery supply chain.

Stellar disposes Guinea assets for $1,25mln

Yesterday

Stellar Diamonds said it has finally sold its Guinea assets for $1,25 million following an evaluation by the buyer, BDG Capital.

Court thwarts Israeli diamond firm from exiting Zim before settling debts

Yesterday

Zimbabwe’s High Court has thwarted an attempt by Fuss Diamond, an Israeli firm to close its operations in the southern African country without settling its debts.

DDC features prominent speakers from diamond industry during Day One

17 october 2017

A record number of global experts attended the first day of the Dubai Diamond Conference (DDC) 2017 to identify the main issues impacting the global industry and deal with a rich agenda of subjects critical to the future of the diamond business worldwide.
DDC is organized by the Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform.

Russian Ministry of Finance sold 20 000 carats of diamonds at auction

17 october 2017

Recently, the Ministry of Finance of Russia held an auction of diamonds from the State Fund, reports gold.1prime.ru.

Ex-Tiffany Boss Joins Blue Nile Board

17 october 2017

Online diamond retailer Blue Nile has appointed former Tiffany & Co. CEO Frédéric Cumenal to its board of directors.

Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017