India focuses on fighting fraud
India has beefed up its diamond disciplinary capabilities to put a stop to bankrupt traders setting up new companies to escape debts and curb other fraudulent activities.
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India close to introducing diamond futures
The Indian Commodity Exchange (ICEX) is set to launch trading of diamond futures with a view to helping the industry hedge against wild fluctuations in polished prices.
Diamonds clad in tailor-made software
“Many passionate people believe in the future of the diamond sector but very few companies have the perception to invest in technology… have difficulty thinking or planning for long term,” feels Stephane Dujourdy, owner of an e-business company and a software creator for the diamond industry.
Colored diamond hammer prices in 2016 show continuing appeal
The new year is now officially here, just barely over the doorstep, and with it the promise of new amazing gems that will crown this year’s sales.
Synthetic diamonds ‘may replace GPS, make driverless cars a reality’
Lab-grown red diamonds with an atomic defect could one day replace GPS systems thanks to their remarkable sensitivity to magnetic waves, according to scientists at Element Six which is majority owned by De Beers.
DDI’s Dorothée Gizenga appointed to the Order of Ontario
Press Release — Dorothée Gizenga, Executive Director of the Diamond Development Initiative, is among 26 new appointees to the Order of Ontario, the province’s highest honour.
The industry should stop soliloquizing – it is time to talk to consumers! Andrey Polyakov, WDC
The global diamond industry, while discussing the situation on the market within its own circle, sometimes does not pay enough attention to the dialogue with its main counterparty – the end buyer of its goods, natural diamonds
Trump effect: diamond trade optimistic for 2017
As 2016 draws to a close, Rapaport News took the opportunity to speak with leading industry experts about the past year and their expectations for the next 12 months.
Trump presidency can help diamond sales, says De Beers CEO
If the president-elect’s policies do lead to increased demand for luxury items in the U.S., it would give a further boost to a modest recovery forecast for diamonds, De Beers CEO Bruce Cleaver told Bloomberg.
Chinese group buys Italian luxury jeweler
Chinese conglomerate Gangtai Group agreed to acquire an 85 percent stake in high-end jeweler Buccellati from Italian equity firm Clessidra, Reuters reported.
Israel diamond trade signs deal with tax authority
Israel’s diamond industry reached an agreement with authorities on a new law that exempts traders from paying taxes if they incur a loss.
What 2017 has in store for the world’s largest rough diamond
Vancouver B.C., Canada–The Lesedi la Rona, the world’s largest discovered diamond that’s still in rough form, likely will be offered for sale again in 2017.