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

Oversupply an Issue at Hong Kong Show

04 march 2019
(diamonds.net) - Dealers at the Hong Kong International Diamond, Gem & Pearl Show expressed concerns about sluggish polished demand and an oversupply of goods in the wholesale segment. Inventory moved slowly despite busy traffic at the fair, which began last week, people who attended the event told Rapaport News. A surplus of lower-value polished has spooked the market, with attendees bringing a large volume of goods to the exhibition. The number of stones on the RapNet Show Listings service, an electronic catalog of inventory, grew to a record 160,000 for the Hong Kong event, compared with the usual 100,000 to 130,000.