Industry News

July 31, 2018

De Beers sold $530 million of rough diamonds at its July cycle amid a seasonal slowdown in the market, the company said Tuesday. 

“Demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstrea...

July 31, 2018

De Beers will close its Voorspoed mine in South Africa, after an extensive search failed to turn up a suitable buyer, it said Tuesday. 

The company’s South Africa business, De Beers Consolidated Mines (DBCM), began looking for a buyer for the asset last year, after de...

July 31, 2018

A new show will launch in New York in November, covering jewelry-related topics and providing an inside look at products made, designed, produced and sold in the state. 

NYC Jewelry Week (NYCJW) is a seven-day experience featuring educational programming, exhibitions,...

July 31, 2018

Giant Swiss watchmaker Swatch Group will no longer exhibit at the annual Baselworld watch and jewelry trade fair.

“The Swatch Group has decided not to be present at Baselworld from 2019,” the NZZ am Sonntag newspaper quoted Swatch chief executive Nick Hayek as saying. T...

July 31, 2018

ALROSA, the world’s leader in diamond mining, reports raising of its long-term credit rating by S&P Global Ratings international rating agency to BBВ-, the outlook is stable.


The agency notes positive trends in the diamond market, ALROSA’s strong profitability, solid g...

July 30, 2018

Tango Mining has sold a 42.26-carat diamond from its Oena project in South Africa for $11,267 per carat, it said. 

The company — which recovered the stone earlier this month — sold it for $476,143 at a tender at the Kimberley Diamond Exchange. 

The miner also sold 12...

July 30, 2018

Lucapa Diamond has recovered a 11.88 carat diamond from the ongoing bulk sampling programme at its 70 percent-owned Mothae diamond mine in Lesotho.

The diamond, unearthed from the north zone, was the first special recovered from that section of the Mothae kimberlite p...

July 30, 2018

The World Federation of Diamond Bourses (WFDB) has responded to the revised U.S. Federal Trade Commission's (FTC) guidelines released this week as they relate to the issue of descriptors for diamonds.

The new guidelines are not in line with the Diamond Terminology Guide...

July 30, 2018

The Natural Color Diamond Association (NCDIA) has opened a new office at the Jewelry Trade Center in Bangkok, bringing it closer to other industry organizations. 

The location also houses the Bangkok Diamonds and Precious Stones Exchange (BDPE), as well as the Asian I...

July 29, 2018

Much has been said about the journey a diamond takes from mine to market, particularly as the industry is increasing its provenance claims and tracking goods along the pipeline. While an estimated 80% to 90% of diamonds are cut and polished in India, they’re typically...

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