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The diamond industry and the banking sector are getting to know each other again, having recognized the gulf that’s developed between them. In that spirit, the diamond financing seminar that took place recently in Mumbai presented a much-needed opportunity to talk.
Signet Jewelers unveiled further details of an initiative to test synthetic-diamond detectors, a project spearheaded by the Diamond Producers Association (DPA).
As the show concluded Thursday in Switzerland, Baselworld organizers issued a press release confirming what was obvious to anyone who went to the annual watch and jewelry show: attendance was down.
In reaction to media reports regarding access to bank accounts, the Antwerp World Diamond Centre (AWDC) said it is “indisputable that Belgian banks discriminate against the entire Antwerp diamond industry“.
Chow Tai Fook, the Hong Kong-based jewelry retail giant which is the world’s largest jeweler, paid around $71 million for the 59.6-carat Pink Star diamond today (Tuesday)
De Beers Consolidated Mines (DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social Responsibility’, in recognition of its approach to ecological management, the De Beers Group announced today.
“Survival in the Absence of Growth” was the subject of a panel discussion at the recent Mumbai “Mines to Market Conference.” It certainly summarized succinctly the diamond industry’s 2016 performance. The full 2016 Pipeline article is published in Diamond Intelligence Briefs.
The Israel Diamond Exchange (IDE) has reduced membership fees for 200 companies after a cost-cutting program resulted in $2.8 million (ILS 10 million) in annual savings.
Sarine Technologies Ltd has announced that former De Beers’ Diamond Trading Company (DTC) CEO Varda Shine has agreed to join its board of directors as an independent director, subject to approval at the Annual General Meeting to be held in Singapore on April 25.
The Dubai Diamond Exchange (DDE), the only diamond and colored stones trading exchange in the Gulf Cooperation Council region, and home to some of the world’s most best-known jewelry manufacturers, retailers and traders has announced that the Arslanian Group has become its 1,000th member.
The message from executives who spoke at the Baselworld opening press conference on Wednesday was clear: We know the situation is bad, and we don’t really want to talk about it.
Taking control of the De Beers Diamond Jewellers (DBDJ) retail operation from LVMH has completed De Beers transformation from a mining company into a diamond luxury group.