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AWDC Board Elects New President

The Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of 1,600 diamond companies in Antwerp, has elected Nishit (Bali) Parikh as its new President, replacing outgoing President Stéphane Fischler...

22 february 2018

De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

22 february 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

22 february 2018

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

22 february 2018

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

22 february 2018

De Beers Not Participating in GIA Program

11 september 2017
(jckonline.com) - Recently, De Beers’ senior vice president of sightholder sales, Bernard Bradley, sent his company’s clients the following note, "Several [sightholders] have contacted us recently by requesting permission to confirm to supply chain partners that specific goods originate from a primary De Beers source. Several of the discussions have been in relation to programs such as GIA’s M2M [Mine to Market (pictured)] or other…initiatives seeking to make provenance claims. We have declined all such requests." Bradley explains that representing goods as from De Beers has “significant potential to create consumer confusion in relation to [retail chain] De Beers Diamond Jewelers.”

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