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Over 20,000 diamond workers employed in small diamond units have been left essentially jobless as their employers have not reopened following the Diwali vacation due to the effects of demonetization.
De Beers said its rough diamond prices fell 5 percent this year even as the diamond market showed signs of a vast improvement.
ALROSA announced plans to bring its auctions of “special-size” rough diamonds to New York and Vladivostok, while presenting its 2017 sales program to its contract clients.
Press Release – PJSC ALROSA, the world leader in diamond mining, has announced the initiation of the procedure to rename its foreign-based trading subsidiaries and affiliates ARCOS.
Rio Tinto’s new chief executive officer said he plans to expand the miner’s diamond mining operations, three years after the company considered selling the business.
The 2017 Presidents Meeting, the biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai from February 5 to 8, 2017.
Christie’s sold $51 million worth of jewelry at its Magnificent Jewels auction in New York on Wednesday, with the event led by a diamond ring that fetched $5.6 million.
The center’s offerings include polished diamond grading services, diamond verification services, and melee testing and screening.
The Gemological Institute of America (GIA) has started accepting stones for its automated melee testing service, which identifies potential synthetics in batches of small diamonds.
ABN AMRO predicted polished diamond prices will increase next year as it expects improved economic conditions to boost U.S. and Chinese demand.
Looking at a possible future where grading is more automated.
Sarine Technologies said third-quarter sales bounced back from a year ago, reflecting an improvement across the industry.