ALROSA is carrying out geological exploration of Mir Mine

The company said on Friday that it had started drilling for further exploration of the Mir kimberlite pipe as part of its strategic investment plan to renew production at this unique diamond deposit.

Yesterday

Yuri Dudenkov, former Vice President of ALROSA dies

Yuri Dudenkov, a former Vice President of ALROSA, who oversaw the company's sales policy, died yesterday.

Yesterday

IIJS Signature’s ‘Special Design Pavilion’ to support women entrepreneurs & designers

This year, IIJS Signature 2020 scheduled from February 13 to 16 in Mumbai, will have a special Design Pavilion, which will feature the works of nine hand-picked women entrepreneurs and nine budding jewellery designers.

Yesterday

Signet Jewelers reports fiscal 2020 Holiday season sales

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced its sales for the 9 weeks ended January 4, 2020 (“Holiday Season”).

Yesterday

Zim lack of substantive diamond policy a cause for concern – report

The lack of a substantive diamond policy in Zimbabwe is a cause for concern, according to a local civic society organisation.

Yesterday

The Next Diamond Decade

13 january 2020
(diamonds.net) - It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview with Rough & Polished. In some sense, she was correct. The last 10 years have seen the Chinese consumer emerge as an influential force in the diamond industry. At times, that has been to the trade’s advantage. During other periods, however, China’s influence on the trade has been more volatile. Shine was also correct in her assessment of the US, which continues to be the mainstay market for the diamond industry. Overall, global diamond jewelry sales grew 16% from an estimated $65.3 billion in 2010 to $76 billion in 2018, according to De Beers. Here, we make 10 predictions of how the market will evolve in the 2020s, though perhaps they’re better read as suggestions for what needs to happen to ensure growth. Either way, we’re optimistic that it will be better than the 2010s, perhaps even an era that’s worthy of the title “The Diamond Decade.”