Alrosa Profits Slip after Halt in Rough Sales

Alrosa Profits Slip after Halt in Rough Sales

Alrosa has reported a 7 per cent drop in net profit during the first nine months of 2023, down to $975m (RUB 87.9bn). Russia's state-controlled miner said Q3 revenue was $871m (RUB78.5bn), down 7 per...
Indian Diamond Industry to Resume Rough Diamond Imports from 15th December 2023

Indian Diamond Industry to Resume Rough Diamond Imports from 15th December 2023

The Indian gem & jewellery industry announces that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023. The...
Diamond Cowboy is NDC's First Male Cover Star

Diamond Cowboy is NDC’s First Male Cover Star

The Natural Diamond Council (NDC) has unveiled its first male cover star. Actor Taylor Zakhar Perez is cast as the Diamond Cowboy in a two-minute video and in an interview and photoshoot promoting diamond jewelry...
Botswana's ODC Halts All Rough Sales

Botswana’s ODC Halts All Rough Sales

Okavango Diamond Company (ODC) has halted all rough sales as global demand remains at record low levels. It says it has cancelled its November auction and may do likewise in December. "For the first time, we...
India's Polished Exports Predicted to Fall by 35%

India’s Polished Exports Predicted to Fall by 35%

India's polished diamond exports could fall by as much as 35 per cent this financial year, the ratings agency Crisil, to $14bn to $15bn. It blames weak consumer demand in the US, EU and China...
US Lab Grown Giant Files for Bankruptcy

US Lab Grown Giant Files for Bankruptcy

WD Lab Grown Diamonds, the second largest lab grown producer in the USA, has filed for bankruptcy. The Washington DC-based company is the first major casualty of the plunge in lab grown prices. It filed for...
Gem Diamonds Recovers Third +100-ct This Year

Gem Diamonds Recovers Third +100-ct This Year

Gem Diamonds has recovered its third +100-ct diamond of the year at its Letseng mine, in Lesotho. But it's still leaves the UK-based miner at well below its long-term average of eight +100-ct recoveries a...
40 Under 40 Club Launched at IIJS Premiere 2023, Undertake an Exclusive Tour of Surat Diamond Bourse & Top Diamond Facilities

40 Under 40 Club Launched at IIJS Premiere 2023, Undertake an Exclusive Tour of...

As part of their inaugural experience, the 40 Under 40 Club, launched during IIJS Premiere 2023, honoured as the brightest young minds in the industry, visited the soon-to-be-inaugurated Surat Diamond Bourse (SDB), on 7th...
Botswana Rethinks HB Investment

Botswana Rethinks HB Investment

The Botswana government is rethinking its proposed deal with HB Antwerp, after Canadian miner Lucara last week announced it was pulling out of a 10-year sales agreement with the company. The government said in March...
Another Blow for Israel's Diamond Trade

Another Blow for Israel’s Diamond Trade

Israel's diamond trade suffered another blow in August, with rough imports down 69 per cent year-on-year and rough exports down by 80 per cent. The figures were significantly worse than July, when imports and exports...

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Anglo American Ex-CEO Mark Cutifani Joins Diamond Standard Advisory Board

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Diamond Standard Co., developer of the world's only regulated and market traded natural diamond commodities, reported that Mark Cutifani, the former CEO of mining...
Alrosa Announces Increased Sales for 2023

Alrosa Announces Increased Sales for 2023

Alrosa reported a 9 per cent increase in rough diamond sales in 2023, to $3.55bn, despite Western attempts to impose sanctions over its invasion...
GJEPC Showcases Indian Jewellery Potential At Retail Jeweller Dubai Forum

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Speaking at the 5th edition of the Retail Jeweller Dubai Forum held at Hyatt Regency, Diera on 27th February, Mr. Nirav Bhansali, Convener of...
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