World Diamond Council praises start of KP reform cycle
World Diamond Council (WDC) members representing every sector of the diamond industry, joined together for the Kimberley Process Intersessional Meeting in Perth running from May 1 to 4.
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Manufacturing should be in line with market demand
Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa; Chairman, Rough Diamond Dealers Association; Chairman, Master Diamond Cutters Association; Chairman, Jewellery Council […]
The place for a new monopoly
Have you noticed that a significant part of analytical articles published lately contain this phrase, “… Since the time the diamond monopoly of De Beers ended…“? Time and again, experts recall this, regretfully mulling over the decline in consumer demand, the recurring downturns in the market, the volatility of prices, and the need for generic […]
Israel bourse issues ethics code
The Israel Diamond Exchange (IDE) has introduced an ethical code of conduct, requiring members to comply with a series of guidelines aimed at improving transparency and business practices.
ALROSA announces sales results for March 2017
PJSC ALROSA, the global leader in rough diamond production, has announced rough and polished diamond sales results for March 2017. Rough diamond sales by ALROSA Group in March 2017 amounted to USD 554.2 million. Polished diamond sales for the same period amounted to USD 12.4 million.
De Beers rough diamond sales for Cycle 3, 2017
De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2017.
De Beers cuts sightholder allocations
De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia.
2016 diamond pipeline – survival in the absence of growth
“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.
Dominion Diamond turns down takeover
Dominion Diamond Corporation has publicly rebuffed a $1.1. billion takeover bid from Washington Companies, saying the Missoula, Mont.–based conglomerate lacks the industry know-how to run the Canadian diamond miner.
‘Mines to Market’ forum highlights
India’s Gem & Jewellery Export Promotion Council (GJEPC) is celebrating 50 years by hosting leaders from across the diamond industry. Rapaport News presents live updates from the two-day conference covering mining, manufacturing, marketing and politics.
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.
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.