Industry News

July 30, 2017

India’s jewelry trade has outlined a plan to increase exports by about 40% over the next five years, Praveenshankar Pandya, chairman of the country’s Gem and Jewellery Export Promotion Council (GJEPC), said Friday. 

The council has prepared a document titled “Vision 2...

July 30, 2017

Gem and Jewellery Export Promotion Council (GJEPC) Chairman Praveenshankar Pandya has announced moves to deal with the ongoing issue of the undisclosed mixing of synthetic stones with natural diamonds.

He made the comments on Friday, the second day of the India Internat...

July 30, 2017

De Beers is open to buying new assets at the right price, its chief financial officer said following the release of its financial results for the first half of this year.

"We are open to M&A activity, but it's got to be the right opportunity," CFO Nimesh Patel told Reut...

July 30, 2017

De Beers and parent company Anglo American (AA) today announced their interim financial results for the six months ended 30 June 2017, with the diamond giant reporting a mixed bag while the diversified miner saw its massive restructuring bear fruit.

De Beers underlying...

July 27, 2017

Rio Tinto has unveiled the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender, during a world exclusive preview in New York.

The 2.11 carat polished radiant cut diamond, known as The Argyle Everglow™, is the centrepiece of the 2017 Argyle Pink D...

July 27, 2017

De Beers reported that revenue decreased by 4 percent to $3.1 billion from $3.3 billion in the same period of last year, driven by lower rough diamond revenue – as expected, given the benefit of strong midstream restocking in H1 2016.

The average realised rough diamond...

July 27, 2017

The World Diamond Council (WDC) will hold its 13th annual general meeting in Dubai, the organization said Wednesday.

The AGM will feature discussions of industry recommendations for the Kimberley Process Certification Scheme (KPCS) review cycle, as well as the propose...

July 27, 2017

India IIJS show opens with steady traffic but mixed expectations for domestic jewelry demand in light of demonetization and GST regulations. NY shows lift US dealer sentiment. Rough premiums soften during De Beers sight. US jewelry sector shrinks at slower pace as 235...

July 25, 2017

Botswana Diamonds said it was granted a prospecting licence over an additional 1,000 hectares east of and contiguous to the Vutomi prospect at Frischgewaagt in South Africa. 
 

It said geophysics studies conducted in the area indicated that the kimberlite dyke/pipe syst...

July 25, 2017

Two large, near-colourless rough stones weighing 50.08 and 38.18 ct were submitted to HRD Antwerp department to determine their quality. The results indicated that the gemstones, believed to be diamonds, were actually topaz. 


Topaz is one of the colourless diamond simu...

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