Russia’s Ministry of Natural Resources and Environment warns of a possible shortage of diamonds in the country

The Ministry of Natural Resources and Environment of the Russian Federation notifies of a future shortage of diamonds in the country and plans to make up for it by mining diamonds in Karelia, Dmitry Kobylkin, the head of the ministry said.

14 december 2018

De Beers to partially lift its source-disclosure ban – report

De Beers is set to relax its source-disclosure restrictions for diamond buyers known as sightholders as calls for transparency grow to a crescendo, according to Rapaport News.

14 december 2018

AGD Diamonds commissioned yet another facility to improve ecology at the Grib mine

In mid-December, AGD Diamonds’ Mining and Processing Unit at the Grib diamond mine launched a car wash to clean rock haulers and auxiliary mining equipment, the company’s press service said.

14 december 2018

Trans Hex returns to profitability

Trans Hex, which has operations in Angola and South Africa, said it recorded a net profit of R52-million ($3.7 million) for the six months ended September 30, compared to a loss of R199-million ($14 million), a year earlier.

14 december 2018

India’s polished diamond exports down by 12% in November

Polished diamond exports dipped by 12.06% as compared to the same month in 2017, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.

14 december 2018

JCK Las Vegas 2018: Demand Improves, But Attendance Declines

05 july 2018
(gia.edu) - Demand at the June 1-4 JCK Las Vegas show met the expectations of the trade, despite declining attendance. Jewelry designers, manufacturers and diamond dealers, who comprise the majority of exhibitors at the show, generally saw steady, if still somewhat cautious, business. But most of the show talk concerned De Beers’ newly announced synthetic diamond jewelry collection, Lightbox. Finished jewelry exhibitors at the Mandalay Bay venue reported good orders – slightly better than last year for a number of them – but added that the show is always more about meeting, greeting and making new contacts than it is about writing business.