Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

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WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

COVID-19 restrictions temporarily halt fancy color diamond trade

21 april 2020

Due to the COVID-19 pandemic, for the first time since its inception in 2015, the Fancy Color Research Foundation (FCRF) will not publish the Fancy Color Diamond Index (FCDI) for Q1 2020. 

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Image credit: FCRF


The FCRF had concluded the quarterly data collection process from its data suppliers and learned that the volume of transactions conducted in this quarter was not sufficient to establish accurate market pricing data for the majority of fancy color diamond categories. Contrary to the great recession of 2008, this economic crisis is characterized by a complete logistical lockdown, with global restrictions that have caused retailers, shipping and other industry logistics to be completely blocked. 
Miri Chen, FCRF CEO explained, “This situation prevents the conveyance of diamonds from sellers to buyers regardless of fancy color market prices, while the index methodology is based on data compilation derived from a minimum volume of transactions per category. Under these circumstances, the FCRF advisory board has concluded that the integrity of our price discovery process is compromised, and has decided not to present pricing data for this quarter.”
FCRF Chairman Eden Rachminov went on to explain, “The unprecedented government restrictions, as a result of COVID-19, has brought fancy color diamond trading to a temporary halt. Cargo flights are not operating, logistical centers are closed and the stores at Place Vendome, New York and Hong Kong are on lockdown.” Mr. Rachminov added, “We are seeing orders in the pipeline that cannot be fulfilled due to these limitations. We fully expect trade to resume later in 2020 and the pricing data will be available when trade becomes possible again.”

Alex Shishlo, Editor of the Rough&Polished European Bureau