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IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

Today

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

ALROSA receives positive ecological survey report on Upper Munskoye diamond field

16 february 2017
Russian Federal Service for Supervision of Natural Resource Usage has issued a final positive ecological survey report on ALROSA's Upper Munskoye diamond field.
"The commission made a clear adequate conclusion on the main characteristics of the diamond field, as well as natural features of the territory. According to the document, there are no species listed in the Red Book in this area. In addition, the commission selected a list of measures to prevent possible negative impacts on the environment and approved measures for soil remediation," says Deputy Environmental Protection Chief Engineer at Udachny deposit Alexander Fedorov. "The positive ecological survey report is one of the permits needed to begin the field work at the deposit. We also plan to obtain additional series of permits and licenses for the operation of various facilities in the area."
Project documentation has been developed and approved to begin diamond production at Polar and Magnetic pipes of the Upper Munskoye diamond field. The depth of ore mining will reach 400 meters. It involves extracting all the resource within the area's borders.

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