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Diamond Trade on Notice as Russian Sanctions May Ease

The diamond industry must brace itself for another shakeup as restrictions on Russian supply may be lifted sooner than anticipated. Alrosa’s reintroduction to the market should now be considered an imminent possibility, after President Trump presented a 28-point draft proposal in Kyiv to end Russia’s war in Ukraine. The plan, developed with Moscow’s input, maps […]

CIBJO congress 2025 in summary

The World Jewellery Confederation (CIBJO) kicked off its Centenary Year in Paris, the same city in which the association was orginally established in 1926. The three-day gathering of members, industry leaders, strategists and opinion makers opened at the Comet Bourse Auditorium on October 27, 2025, and concluded on October 29, 2025, at the headquarters of […]

Natural Diamond Council Names New CEO

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, […]

Namibia Now Says It Wants De Beers Stake

Namibia’s cabinet has voted on a proposal for the country to take a stake in De Beers, according to a report in the Namibian Sun. The newspaper said Namibia was interested in acquiring as much as 10% to 15% of the company, possibly in a consortium with Angola and Botswana, which have both expressed interest in […]

Angola Diamond Production Grows Beyond Expectations

Output at Angola’s diamond mines grew in the first half of the year, exceeding their expected targets. In total, the country produced 6.8 million carats for the period, according to state-owned diamond miner Endiama. Output from the Catoca mine increased more than 40% above its expected range, while the Luele deposit recorded growth of 35% compared to […]

Kimberley Process Fails to Expand Conflict-Diamond Definition

The Kimberley Process (KP) failed to reach a consensus on broadening the definition of conflict diamonds at last week’s plenary in Dubai, according to industry organizations. “While not unexpected, it is obviously a massive disappointment for civil society that, once again, the KP has failed to expand the conflict-diamond definition,” said Jaff Bamenjo, coordinator of […]

China Removes Diamond Sector’s Tax Discount

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, […]

Inside PAD London’s 2025 Jewelry Galleries

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 Jewelry Trade Calls for Reforms to Boost Sector

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 […]