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

The elite club that rules the diamond world is starting to crack

02 august 2019
(straitstimes.com) - It's one of the world's most exclusive clubs, known over the years as the Syndicate, the Central Selling Organisation and the Diamond Trading Company. For more than a century, De Beers has sold most of its rough diamonds to a select number of customers, a list that reads like a who's who of the opaque gem-trading world. Tiffany & Co, Graff Diamonds and Signet Jewelers Ltd all own subsidiaries in this group, guaranteeing a steady supply of gems with the pedigree of being vetted by De Beers. In the diamond trading world, becoming one of De Beers's elite buyers is viewed as essential to achieving success and making money. Now, it's no longer so easy.