Botswana, De Beers extend sales agreement for the third time running

The Government of the Republic of Botswana and De Beers Group have extended their existing agreement for the sale of Debswana’s rough diamond production by 12 months until 30 June 2023.

Today

The G7 failed to make final decision on Russian gold imports

European Council President Charles Michel and German Chancellor Olaf Scholz said at the G7 summit that the issue of a ban on Russian gold imports should be discussed further.

Today

Anglo American invests in Sanergy, a pioneering organic waste upcycling business

Anglo American has agreed to lead the latest investment round of Sanergy Inc, an organic waste upcycling business with operations in Kenya. Sanergy’s innovative solutions are helping to transform how fast-growing cities in the developing world manage...

Today

AWDC Board appoints new President

The Antwerp World Diamond Centre (AWDC), the industry organization representing Antwerp’s 1600 diamond companies and service providers, has appointed David Gotlib as its new President, replacing outgoing President Chaim Pluczenik. The Board also...

Yesterday

VDB Is First to Launch JBT’s Inaugural API

Virtual Diamond Boutique, the industry’s leading technology partner and largest virtual marketplace, announced a unique new partnership with the Jewelers Board of Trade® (JBT), the industry’s premiere resource for jewelry business and credit...

Yesterday

Rough Scarcities to Lead to Polished Premiums

15 june 2022

(diamonds.net) - The diamond industry is being driven by expectations. While this is not a rare occurrence, it is worth noting, given the unusual dynamic currently shaping the market. While there is a lot of polished inventory available today — as the number of stones listed on RapNet attests — manufacturers and dealers anticipate scarcities later in the third quarter once demand starts to ramp up for the holiday season. The projected drop is due to a slump in supply rather than an uptick in present-day demand, because production from Russia has been off the market for the past three months. However, several factors could influence the eventual outcome, as we outline in the June issue of the Rapaport Research Report.