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In the diamond industry, certain developments are neither immediate nor self-evident. They unfold over time, take shape through successive adjustments, and reflect deeper transformations within the professions. The place of women in the industry today Women hold a significant place within the diamond industry. Today, they account for 57% of the sector’s workforce (UFBJOP, 2024). […]
Alrosa CEO Pavel Marinychev met with members of the Smolensk regional leadership to discuss expanding the country’s diamond-cutting industry, as well as launching a training program. The meeting with Smolensk region Governor Vasily Anokhin and Deputy Chairman of the region government Pyotr Ilyukhun took place at natural-diamond cutting factory Kristall, which belongs to the Alrosa […]
It’s been quite a week in the world. The situation in the Middle East raises the question of how the war with Iran might affect the diamond market, beyond the disruption to trading in Dubai and Ramat Gan, the two centers directly impacted by Iran’s attacks. Those interruptions are unlikely to upset the immediate diamond […]
Lucara profits for FY2025 are down 35%. Petra Diamonds losses for the year are up by 67%. And Mountain Province net losses for the first nine months of the year are up by almost 600%. Against that dismal backdrop, Alrosa, the sanctioned Russian miner, has just posted an 88% surge in profits. What on earth is going on? Headline figures rarely tell the whole story, and Alrosa is a case in point. The truth is that Alrosa is […]
Experts from India weigh in the politics, policies, and market dynamics for diamantaires to monitor in 2026 and beyond. Mumbai – We are just two months into 2026, and it has been a roller coaster ride already. The unpredictability unleashed by continuing political and economic turbulence globally has reached new heights. This uncertainty could not […]
David Kellie stepped down as CEO of the Natural Diamond Council (NDC) at the end of 2025, capping six years helming the group. In this frank interview, Kellie discusses some of the challenges he encountered during his tenure, including a sudden and dramatic drop in funding, industry “fiefdoms,” lab-grown diamonds, and dealing with a trade where […]
The Natural Diamond Council (NDC) has appointed Amber Pepper to succeed David Kellie as CEO from February 1, 2026. Pepper brings to the group years of experience in commercial growth and digital innovation, the council said last week. She has held senior positions at fashion and retail labels, including Tapestry, Farfetch, and Harrods. Most recently, […]
The Chinese government has stripped the country’s main diamond exchange of its preferential tax treatment. From November 1, importers of polished diamonds through the Shanghai Diamond Exchange (SDE) will no longer enjoy a heavily reduced rate of import value-added tax (VAT), according to documents the country’s State Tax Administration (STA) released last week. Since 2006, […]
London’s best art and design fair featured plenty of stunning natural diamonds. London’s premier design and art week kicked off today with the opening of PAD London in the ritzy neighborhood of Mayfair. Each year, close to 30,000 people arrive at the temporary pavilion that may look like a tent to passersby, but inside holds […]
India’s Gem & Jewellery Export Promotion Council (GJEPC) presented a host of policy recommendations to support the industry at a meeting with the country’s prime minister, Narendra Modi. GJEPC chairman Kirit Bhansali called for modernization of India’s Customs Act 1962, which grants the government powers to collect import duties. His recommendations include implementing a risk-management […]
CIBJO, the World Jewellery Confederation, says it’s reexamining the question of what to call lab-grown diamonds, but contrary to some reports, it hasn’t made any decisions on the matter yet. Last month, in a special report published on CIBJO’s website, Udi Sheintal, head of the organization’s diamond commission, argued that CIBJO’s Diamond Blue Book should no longer […]
De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company. Trucks at the Orapa mine in Botswana. Botswana was the key driver of De Beers Group’s third-quarter production increase, with production ramping up ahead of planned maintenance in the fourth quarter. London—De Beers Group […]