Agarwal to buy $2.5B stake in Anglo American
Shares in Anglo American rose 9 percent on Thursday after Indian billionaire Anil Agarwal announced his intention to invest $2.45 billion (GBP 2 billion) in the mining conglomerate.
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UAE nominates Maryam Al Hashemi for KP Committee Position
Ahmed Bin Sulayem, the 2016 KP Chair, has nominated Maryam Al Hashemi, the UAE KP Director, as the 2017 Chair of the Committee of Participation and Chairmanship (CPC) of the Kimberley Process.
D.E.F. announces powerhouse line-up of honorees for “Diamonds Do Good” awards in Las Vegas
The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Acclaimed actor and social justice advocate David Oyelowo, who starred in such films as Selma and A United Kingdom will receive the International Vanguard Award.
Alrosa posts 41-percent jump in revenue to $5.4 billion in 2016
Alrosa reported a 41-percent jump in revenue to 317.1 billion rubles ($5.4 billion) for 2016 IFRS (International Financial Reporting Standards) results.
Trade leaders to gather at Mumbai conference
India’s Gem & Jewellery Export Promotion Council (GJEPC) will host industry figures from across the world next week at a conference to mark the organization’s 50th anniversary.
Bringing diamonds to a new generation
The Diamond Producers Association (DPA) has the mammoth task of changing the diamond narrative, according to Jean-Marc Lieberherr, the organization’s chief executive officer. Initially, at least, that mission extends to how the diamond industry engages with millennials, who have become disillusioned with the idea that they’re simply expected to buy diamonds for an engagement or […]
India braces for ban on large cash deals
India’s ban on high-value cash transactions could damage rural gold demand or spur growth in the black market, the World Gold Council (WGC) warned.
Christie’s to offer ‘Jonker No. 5 diamond’ at Hong Kong spring auction
The Jonker No. 5 diamond and an emerald and diamond ‘Palmette’ necklace are among the exceptional items that auctioneer Christie’s in Hong Kong will be offering at its Spring auction on May 30.
GIA finds significant undisclosed synthetics
The Gemological Institute of America (GIA) recently uncovered an unusually large number of undisclosed synthetic diamonds mixed in with natural melee diamonds, the lab confirmed with Rapaport News on Monday.
5 lessons from the Hong Kong Show
The Hong Kong show was better than expected for the diamond trade, as Chinese jewelers were looking for goods after being absent from the market for some time. But while exhibitors were simply happy to be doing business again, conditions ultimately favored buyers.
10 retail trends expected to dominate 2017
Technology’s influence is so strong in today’s world that it is starting to drive trends rather than just being a response to them. In retail, it’s playing an equally large part as many of the trends that are shaping the market seem to be a confluence between the consumer behavior and tech.
De Beers cuts price on melee Screening Device
De Beers has dropped the price of the device designed to automatically batch screen diamond melee by nearly half. The second-generation Automated Melee Screener, or AMS, is priced at $45,000, compared with $85,000