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

Customs dept cracks down on 'rough diamonds', industry cries foul

06 august 2019
(economictimes.indiatimes.com) – A packet of stones bearing the label ‘rough diamonds’ recently found its way to the customs department in Mumbai. It was part of a consignment for a city-based diamantaire, one of many similar packages. The accompanying shipping bill pegged its value as high as any high-yielding, rough-cut diamond lode. But the stones in this particular packet were quartz--they weren’t diamonds. It wasn’t a packing error, or a case of wrongful disclosure. What it represented, according to the customs department, was evidence of a scam that’s been brewing in the Indian diamond industry over the past few years.