AGD DIAMONDS enters into a long-term contract with LIEBHERR-RUSSLAND

AGD DIAMONDS, JSC and LIEBHERR-RUSSLAND, LLC held negotiations on November 14, 2019. Nikolaus von Seela, Director General of the machine-building company and Sergey Domovenkov, Head of its St. Petersburg branch visited the office of AGD and the Grib...

Yesterday

WDC President urges governments to act on KP reforms to support the future of KP

Addressing the government representatives at the start of the 2019 Kimberley Process (KP) Plenary Meeting in New Delhi, India, on November 18, Stephane Fischler, President of the World Diamond Council (WDC) stated that with the KP’s three-year...

Yesterday

CIBJO Congress 2019 opens in Bahrain focusing on climate change

The 2019 CIBJO Congress opened in Bahrain on 18 Dec 2019, with CIBJO President Gaetano Cavalieri calling on the jewellery industry to take action on climate change, which he said was not an issue specific to the sector but is the most important story...

Yesterday

DMCC publishes Arabic language Diamond Terminology Guideline

"The Diamond Terminology Guideline" is now available in 10 languages, with its publication in Arabic.The latest version, which was published by the DMCC, ensures unity in diamond terminology across Arabic-speaking countries.

Yesterday

TAGS’ upcoming rough diamond tender slated for 6 -12 December

Trans Atlantic Gem Sales (TAGS) has announce their upcoming rough diamond tender taking place from the 6th to the 12th of December 2019 in the newly renovated, state-of-the-art facility at the Dubai Diamond Exchange, Almas Tower in Dubai.

Yesterday

De Beers Sales Drop in Weak Rough Market

18 october 2019
(diamonds.net) - De Beers’ sales slumped to $295 million in September as the miner continued to allow sightholders to refuse goods in the prevailing weak rough-diamond market. The company maintained firm prices and offered increased flexibility to encourage lower purchases, thereby reducing the oversupply in the polished sector, sightholders explained to Rapaport News. It continued its policy of allowing clients to reject 50% of their allocations. It also expanded its buyback program by enabling customers to sell back to De Beers up to 30% of goods in the 2- to 10-carat rough categories, and 20% of the smaller items that constitute the majority of its supply.