WJA hosts Inaugural Women Executives Forum in NY

The Women’s Jewelry Association (WJA) held the inaugural Women Executives Forum in New York City aimed at businesswomen across jewellery and watch sectors, according to the report in WFDB.

Today

Nirav Modi of the PNB scam arrested in London; denied bail

Modi was arrested yesterday after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate of India for his extradition in a money laundering case.

Today

Alrosa wants majority stake to mine diamonds in Zimbabwe – report

Russian diamond miner Alrosa, which will be assessing the quality of Zimbabwe’s diamond reserves over the next six months, wants a majority stake to mine diamonds in the southern African country, according to a news report.

Yesterday

Diamond Fields auctions Namibian marine diamonds for $1.1 mn

Diamond Fields has sold 47,298.18 carats of rough diamonds from the ML111 licence offshore Namibia for $1.1 million.

Yesterday

Two distinct, contrasting sectors emerging in global rough diamond market – Lucapa

Lucapa Diamond said the global rough diamond market has divided into two distinct and contrasting sectors.

Yesterday

Diamond Market – Rapid Growth in Jewelry Sector Propelled the Usage of Diamonds in Asia Pacific for 2018

27 february 2019

(World Analytics) - Diamond is the most concentrated form of pure crystalline carbon in nature and has the properties of highest hardness and thermal conductivity. These are the most durable, expensive, and rarest mineral found across the globe. Diamonds are used in multiple industrial applications such as polishing tools and cutting. It has gained popularity across the globe for its beauty as a gemstone. The major producers of diamond across the globe are the Central & Southern Africa countries, Russia, Australia, Canada, and Botswana. Diamonds are attractive among end-users for its usage in the industrial and fashion sector. Moreover, it is found to be popular among consumers as it is considered to be the most precious ornament. Diamonds are used to make jewelry which has high demand during weddings, and on special occasions. They are also used as a fashion statement. Revenue growth of rough diamonds is largely attributed to increased production by smaller players.