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Global production of gem-quality lab-grown diamonds has soared to 4.2 million carats a year from 350,000 carats annually just two years ago, according to a study by Bonas & Company diamond brokers and consultants.
The Israel Diamond Exchange is breaking with 80 years of tradition and bringing in a retired district court judge to handle the more high-dollar disputes between members.
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).
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“.
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 organizers of the Jewelry Industry Summit announced today the publication of the final report on the recent meeting in Tucson, Arizona.
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.
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.
December 2014, New York Post : Synthetic diamonds have the same composition, color and clarity as traditional ones and they cost up to 50 percent less. June 2015, Daily Telegraph : Lab-grown diamonds can cost up to 50 per cent less.
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.