Industry News

June 30, 2019

The discovery of a new source-rock indicator for diamond formation has the potential to help geologists locate and identify valuable diamond deposits around the world, a study by the University of Alberta and De Beers shows. 

“The outcome of the project fundamentally...

June 30, 2019

The World Federation of Diamond Bourses (WFDB) has hired Peter Meeus as an external adviser. He will be responsible for helping the organization fine-tune its position on lab-grown diamonds and other industry matters. 

Synthetic diamonds are a huge concern in the indu...

June 30, 2019

ALROSA, a Russian diamond mining company, does not seek to achieve the planned level of diamond sales for 2019 due to weakening demand from cutters who are under great pressure due to overflow of diamond stocks, according to TASS. 


"From the point of view of the announ...

June 30, 2019

The World Federation of Diamond Bourses (WFDB) held an Executive Committee Meeting at the Israel Diamond Exchange on 24 June discussing a wide variety of subjects vital to the industry, as well as moves to enhance the relevance of the organization, according to a press...

June 30, 2019

Blue Nile, a US-based online jeweler, has blacklisted diamonds from Zimbabwe due to alleged human rights abuses in Marange, according to a local news report. 


The Bain Capital subsidiary stated on its website that it was committed to ensuring that the highest ethical s...

June 27, 2019

Gem Diamonds has recovered a 135-carat yellow at its Letšeng mine in Lesotho, the third significant colored-diamond discovery at the deposit this year. 

The company retrieved the high-quality, type I stone on June 21, three months after the mine yielded a similar qual...

June 27, 2019

De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. 

“The reaction to the pri...

June 26, 2019

The Dubai Multi Commodities Centre (DMCC) welcomed 1,868 new companies to its free zone in 2018, a 12 percent increase compared to 2017.

The construction of Uptown Dubai, DMCCs new district, is also well underway to accommodate the demand for additional s...

June 26, 2019

India’s exports of cut and polished diamonds decreased by 15.12% year-on-year during the month of May 2019 according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).


Exports of cut and polished diamonds recorded $ 1.88 bln in Ma...

June 26, 2019

DMCC, the world’s leading free zone for commodities trade and enterprise, will stage the fourth edition of its Dubai Diamond Conference (DDC) on 26 September at the Almas Conference Centre, Almas Tower, Dubai, United Arab Emirates. The one-day conference will gather gl...

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