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

De Beers raises ad spend, predicts dip in global diamond output

29 july 2019
(businesslive.co.za) - De Beers is ramping up advertising spending for the final quarter of 2019 to stimulate the demand for its products. The world’s largest source of rough diamonds by value and an 85%-held subsidiary of Anglo American has cut production in the interim period to end-June and for the full year because of a weak and difficult cutting and polishing market. With Rio Tinto’s Argyle mine in Australia due to close in 2020, removing about 14-million carats, or 10%, of global diamond supply from the market, there is a widely held expectation that it will lead to a correction in the market, De Beers CEO Bruce Cleaver said.