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ZCDC recovers 23 ct gem-quality diamond in Marange

The Zimbabwe Consolidated Diamond Company (ZCDC) has recovered a 23 carat gem quality diamond and a 65 carat near-gem stone from its Marange operations, according to a local media report.

Today

ICA President to be on IBC Shenzhen's Board of Directors

Following the recently signed MOU between IBC and the ICA, Clement Sabbagh, ICA President, has been invited to sit on the Board of Directors of the initiative of IBC Shenzhen’s “One Belt One Road” project, says a press note from ICA.

Today

Israel to hold diamond auction at JCK Las Vegas

The Israeli Diamond Industry will again be among the largest international exhibitors at the JCK Las Vegas show during June 1-4, 2018.

Today

IEG presented details about its project to upgrade and expand Fiera di Vicenza

The Italian Exhibition Group presented in Vicenza comprehensive details about its project to upgrade and expand the city's Exhibition Centre (Fiera di Vicenza).

Today

ALROSA continues to divest its non-core assets

ALROSA summarized the results of the program of its non-core asset disposition in QI, 2018. In January-March the company divested 68 assets, liquidated 1 and granted 4 objects. Actual revenues from sales exceeded 30.4 bn roubles.

Yesterday

Football Player’s Suit Takes Aim at Jeweler’s Diamond Markup

25 april 2018
(jckonline.com) - New Orleans Saints quarterback Drew Brees (pictured) has sued a San Diego retailer, claiming the jeweler misled by selling him “investment grade” diamonds with too high a markup. In a suit filed April 2 in San Diego Superior Court by Brees and wife Brittany, the football star claimed that, over the course of a decade, he had purchased $15 million in colored diamonds from local retailer CJ Charles Jewelers. However, in early 2017, Brees’ financial advisor recommended he get the diamonds appraised, the suit said. “The independent appraiser determined the true market value of the diamonds [store owner Vihad] Moradi had advised [Brees] to buy was approximately $9 million less than the prices [he] paid,” according to the court papers.

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