Alrosa mulls raising production target
Alrosa may increase its sales and production forecasts for this year following strong rough-diamond demand in the first five months, particularly from Indian buyers, the company said.
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Angola’s diamond reserves estimated at 1 billion carats
Angola has diamond reserves of one billion carats, according to geological research carried out over the last five years by ALROSA, a local news agency reported.
India’s new GST: what you need to know
India’s much anticipated goods and services tax (GST) took effect on July 1, drawing both praise and criticism from the diamond and jewelry industry.
Diamond production value down in 2016
Global rough-diamond production fell by value for the second consecutive year as output declined in the two largest producer countries, according to data the Kimberley Process (KP) released Tuesday.
What consumers love—and hate—about brick-and-mortar shopping
Seventy-two percent of U.S. consumers said the ability to “touch, feel, and try” products is a main reason they still shop in brick-and-mortar stores, according to a new study by Mood Media.
GIA finds baffling flaw in CVD Diamond
The Gemological Institute of America (GIA) doesn’t usually declare itself stumped, but a recent discovery of a flaw in a synthetic diamond that’s almost always associated with natural stones left scientists scratching their heads.
The GIA’s forays into diamond tracking
What business does a gemological laboratory have telling stories about diamonds? That was the unspoken question Matt Crimmin had to answer in his presentations at JCK Las Vegas earlier this month.
World Diamond Council President resigns
Andrey Polyakov, a member of the international diamond community who was a high-ranking executive at Alrosa and the current president of the World Diamond Council, has vacated both posts.
ABN AMRO Report: diamond market recovery grinds to a halt
A clear improvement in the diamond trade at the end of last year has petered out since the start of 2017 due to disappointing US economic growth and consumer spending in Q1 which has weighed on end-demand
Israel’s Dvash and Schnitzer hold meeting in Moscow with ALROSA head Ivanov
Israel Diamond Exchange (IDE) President Yoram Dvash and Chairman of the Israel Diamond Institute (IDI) Shmuel Schnitzer have held a meeting with Sergey Ivanov, President of ALROSA.
Report: Luxury continues to underperform in the US
The luxury market is expected to get back to growth this year as Chinese spending and consumer confidence in Europe return.
De Beers Group to consider investments in start-ups
The De Beers Group has announced the creation of De Beers Ventures to actively consider the acquisition of minority equity stakes in start-ups and growth companies.