Will the crisis unfold in the global diamond market?

This year, a well-known global diamond business analyst, Chaim Even-Zohar, published the structure of the global diamond pipeline in 2018 (Diamond Pipeline 2018. IDEX Magazine No. 4, April 2018). This time, such enterprises as ALROSA, De Beers...

Today

Have Tiffany and the diamond market parted their ways?

LVMH, the global luxury giant with a French residence permit, acquires US-based Tiffany clinching the industry’s largest deal worth $ 16.2 billion. The purchase will not only strengthen the position of LVMH in the jewelry business and provide access...

09 december 2019

Gujarat: Diamond merchants ditch credit, adopt ‘rokda’ system

(timesofindia.indiatimes.com) - The glittering trade in diamonds no longer runs on trust or faith. The decades old practice of giving credit has come to an end as diamond merchants in the world’s largest diamond cutting and polishing centre in Surat have started insisting on ‘rokda’...

Today

The Biggest Spenders This Holiday Season? Generation X

() - While Generation X may have small numbers compared to baby boomers or millennials, the former “latchkey kids” will likely be the biggest spenders this holiday, according to the 2019 Holiday Purchase Intentions Survey from the NPD Group. NPD found that...

13 december 2019

Europe Adopts Customs Code to Differentiate Natural & Synthetic Diamonds

(thediamondloupe.com) - The European Commission has adopted a new customs code to differentiate between natural and synthetic diamonds. In a communication to the members of the national associations of the European Federation of Jewellery (EFJ) and to public authorities...

12 december 2019

IGI to collaborate with John Glajz to certify Argyle Pink Diamonds

Today

The International Gemological Institute (IGI), has joined forces with John Glajz, a Singapore-based authorized partner of Argyle Pink Diamonds for nearly 25 years, to certify these gems.

The Bunder Diamond Mine is sold to Essel Mining

Today

The Bunder Diamond Mine, located in Chhattarpur district of Madhya Pradesh, India, was sold to Essel Mining, a company owned by the Aditya Birla Group.

Angola's Luaxe eyes trial mining mid-next year – Alrosa

13 december 2019

Angola's new Luaxe diamond deposit is set to commence trial mining mid-next year that is expected to produce 1 million carats worth $90 million in 2020, according to Alrosa.

Christie’s Magnificent Jewels totals $67.5 million

13 december 2019

Christie’s latest auction Magnificent Jewels, which was held on December 11, totaled $67,519,625.

Botswana Diamonds opts to focus on advanced kimberlite projects in Zimbabwe, South Africa

13 december 2019

Botswana Diamonds, which convened its Annual General Meeting (AGM), in London on Thursday, has resolved that its diamond exploration work will focus on advanced kimberlite projects in Zimbabwe and the Free State kimberlite field in South Africa in addition to acquiring fresh licenses in the Kalahari of Botswana.

Petra’s SA mining operations back at normal load levels

13 december 2019

Petra Diamonds' mining operations in South Africa are now operating at normal load levels after the country’s power utility, Eskom, lifted its load curtailment restrictions.

AGD DIAMONDS extracts its four millionth ton of ore

12 december 2019

The Grib Mining and Processing Division, which is operated by AGD DIAMONDS, has processed its four millionth ton of ore in line with the company’s annual production plan.

ALROSA holds the first industry seminar with diamond banks and funds

12 december 2019

ALROSA held a specially organized meeting to discuss problems in the diamond industry, which was held on December 6.

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

Today

Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019