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Outwardly, mining companies comment on the decline in the global demand with Olympian calmness: there are temporary issues with the distribution of the excess supply formed in the market earlier, shortage of lending to the industry, slowdown of the Chinese economy, trade war between the USA and China, etc. In short, everything is temporary, comes […]
All diamond trading halls in Belgium and Israel are closing until further notice as the countries attempt to stem the spread of the coronavirus.
Press release – ALROSA takes further action to support long-term customers amid global market uncertainty.
The Canadian Jewellers Association (CJA) has issued a guide to advertising lab-grown diamonds in response to a rise in marketing of the product to consumers in the country.
Reforms to Angola’s diamond industry have boosted the country’s tax revenue by 42% over the past two years, according to national diamond-trading company Sodiam.
Gem Diamonds has recovered five large, high-quality stones at its Letšeng mine in Lesotho, it said Friday 6th March.
Press release – US$355 Million (provisional)
Gold is predicted to average more than $1,500 an ounce in 2020, according to a recent Reuters poll, up from the $1,393 it averaged last year.
More than 500,000 diamond workers are threatening strike action in Surat, India, to demand an end to “unfair” taxation.
Tiffany and Co. veteran Victoria Wirth Reynolds will become the company’s first female chief gemologist, it said Tuesday 3rd March.
The Indian diamond industry is facing an uncertain future with multiple challenges to tackle simultaneously. When diamond mining major De Beers reported the sale of $545 mln worth of rough diamonds in the first sales cycle of this year after a difficult 2019, it was an indication that the industry is on a recovery path.
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.