ALROSA to implement free screening health programs for employees in August

ALROSA, the world’s largest diamond mining company, will launch new programs for free medical screenings in different areas for employees starting in August.


Opsydia to mark Lightbox synthetic diamonds

Opsydia, a spinout from the University of Oxford, announced a new laser technology that would address the problem of falsification in diamond industry.


More females head Lucara Diamond

Lucara Diamond has appointed Canadian geologist turned banker, Ayesha Hira, as its vice president of corporate development and strategy.


Lucapa, partners earn $2 mln from latest Lulo diamond sale

Lucapa Diamond and its partners Endiama and Rosas & Petalas have earned $2 million from the sale of alluvial diamonds from the Lulo diamond project in Angola.


A 20.47-carat diamond ring is a top seller at Christie’s, New York

A 20.47-carat brilliant-cut, D-colour, type IIa diamond ring fetched $2.7 mn at Christie’s Sales of Magnificent Jewels in New York on June 12, 2018.


British bank StanChart is 'making progress' with US regulators following Iran scandal, finance chief says

18 may 2018
(cnbc.com) - In 2016, Standard Chartered said it will stop providing finance to parts of the jewelry industry as part of a broader review on exposure to riskier sectors of the market. Loans on diamonds only accounted for small percentage of the bank's assets, but $400 million was reportedly lost on the sector with consumer demand falling and the price of diamonds dropping. Speaking specifically about safeguards on the commodity markets, Chief Financial Officer Halford said that the bank had "done a lot of work" having learned the lessons of what happened a couple of years ago. "So the visibility across the business now of the level of exposure we are prepared to take to each individual sector is much, much heightened, the standards there are very, very closely scrutinized," Halford said.


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