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Against the backdrop of profound changes reshaping the global diamond market, the Antwerp World Diamond Centre (AWDC) has reaffirmed its confidence in experienced leadership while appointing a board of directors that combines fresh perspectives with extensive industry expertise. The Antwerp World Diamond Centre has reappointed Isidore Mörsel as President and Avi Bhansali as Vice President. […]
Bharat Diamond Bourse (BDB) vice president Mehul Shah will take over as president of the World Federation of Diamond Bourses (WFDB) following a contested election. Other participants in the race were Ahmed Bin Sulayem, chairman of the Dubai Diamond Exchange (DDE), and Lin Qiang, president of the Shanghai Diamond Exchange (SDE). The election took place on Monday […]
Jewelry houses celebrate the animals, plants, even scents of nature, imagined in rare gems and mesmerizing color. Miracles of beauty, precious stones are the language of high jewelry, transforming each creation into a luminous vision of the living world. “Join me for dinner with Dalí.” A sparkle in his eye, Salvador and Gala Dalí’s recipes […]
A comment from Avi Krawitz on the recent “Diamond Dudes” podcast about how “De Beers equals diamonds” has led to a discussion over De Beers’ value as a brand name. Even De Beers CEO Al Cook has weighed in. I remain skeptical that is what De Beers should be focusing on. Let me explain why: Not all the perceptions people have of De Beers are […]
The Ekati mine in Canada will shut after owner Burgundy Diamond Mines goes into receivership upon failing to secure a buyer for the deposit. “The sales process conducted…did not result in any compliant bids, and the interim funding available to the Burgundy respondents is fully exhausted,” documents filed in the Supreme Court of British Columbia on Monday […]
The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American. London—De Beers Group will be undergoing another round of cost-cutting that likely will result in layoffs at its corporate headquarters in London and a two-year pause on production at the Venetia mine in South Africa. According to a […]
(IDEX Online) – Only natural diamonds should be graded with the 4Cs, says CIBJO (the World Jewellery Confederation). And the word “synthetic” should be regarded as the preferred term to describe diamonds created through industrial processes. CIBJO, the body that represents the gem and jewelry industries globally from mine to marketplace, aims to reinforce the distinction […]
De Beers will likely be in the red for the first half of this year following a decline in rough-diamond sales in the second quarter, according to parent company Anglo American. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) at the diamond company “is expected to be negative” for the six-month period, the 85% […]
This article serves as the introductory analysis to the inaugural Diamond Executive Report, ‘The Value of De Beers.’ Access the full report here. To grasp the implications of Anglo American’s pending divestment from De Beers, it helps to understand the move in the context of its broader strategy. In May 2024, the mining group announced […]
Botswana is seeking support from the United Arab Emirates (UAE) and Oman to acquire a strategic stake in De Beers from Anglo American. Botswana President Duma Boko said the country was searching for an investment partner as Anglo American moved forward with the sale of its 85% stake in the diamond producer, news outlet Bloomberg reported last […]
Lab also rolling out new comments clarifying impact of fluorescence. The Gemological Institute of America (GIA) plans to introduce cut grades for marquise-, oval- and pear-shaped diamonds next year, marking a long-awaited development for the market. The diamond industry has been requesting the change for several years, since cut quality can vary greatly, and the GIA currently […]
The Russian government has announced new rules requiring lab growns to be labelled as “synthetic” so that consumers don’t mistake them for natural stones. It does not list “lab grown” or any variant with “lab” or “laboratory” as being acceptable terms. Only the qualifiers “synthetic” or “synth” can be used. In doing so, Russia goes […]