DMCC & Diamond Bourse of Italy discuss future of trade on UAE National Day

DMCC has announced the details surrounding its latest campaign to boost international diamond trade through the emirate of Dubai.

Yesterday

GSI witnessed a case of extreme color instability within its laboratory testing facility

During standard testing procedure, a 2-carat CVD diamond in GSI’s laboratory was exposed to high powered UV rays and went from near colorless to blue color.

Yesterday

Signet Jewelers reports 3Q fiscal 2020 financial results

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced its results for the 13 weeks ended November 2, 2019 (“third quarter Fiscal 2020”).

Yesterday

Firestone’s Liqhobong back at full throttle after restoration of stable grid power

Stable grid power has been restored at Firestone Diamonds’ Liqhobong mine, in Lesotho.

Yesterday

Gem Diamonds sees diamond prices recovering

Gem Diamonds is beginning to see diamond prices recovering from the low levels recorded in the last two months.

05 december 2019

Antwerp bank restricts lending to diamond dealers

19 july 2019
(The Times of India) - The crisis in the world’s largest diamond cutting and polishing centre may worsen with the world’s leading bank financing diamond sector, ABN Amro, restricting rough diamond financing to the diamond dealers in Antwerp. The diamantaires in midstream sector in Surat purchase rough diamonds from diamond dealers in Antwerp on credit. Now with ABN Amro restricting the lending to rough dealers, the small and medium diamantaires are likely to face rough times in the coming months.