IDCA Elects New Board and President
The Indian Diamond & Colorstone Association (IDCA) unanimously elected Haridas Kotahwala as president of the organization. Kotahwala of Royal India USA Inc, succeeds Nilesh Sheth, president of Nice Diamonds.
Polished Diamond Index Flat in December
The old year ended with more of a fizzle than a bang, at least where polished diamond prices were concerned. December 2019 prices started at 120.90 and ended at almost the same...
Export of lab grown polished diamonds witnesses massive surge of 111% ahead of festive...
At the same time, the export of natural polished diamonds fell by 25%, though it’s much bigger in value terms
For the first time, the export of lab-grown polished...
ALROSA to hold 34 auctions for large rough diamonds in 2020
ALROSA plans to hold 34 international auctions for special size rough diamonds (weighing over 10.8 carats) in 2020.
In Q1, the company will have seven auctions, in Q2 -...
Graff buys 20.7ct Firebird vivid yellow diamond from ALROSA
Graff Diamonds, the world-renowned hi-end jewelry brand, has acquired the Firebird 20.7 ct diamond from ALROSA. The parties do not disclose the transaction details, but note that it achieved one of the...
ALROSA and ZCDC established a joint venture in the Republic of Zimbabwe
ALROSA and Zimbabwe Consolidated Diamond Company (ZCDC) signed a number of agreements to finalize a creation of a joint venture for prospect and exploration works for primary diamond deposits in the Republic...
De Beers Cycle 10 Sales Reach US$ 425 Million, Slightly Improvement Over Previous Sight
De Beers Group today announced that the provisional value of rough diamond sales (Global Sightholder Sales and Auctions) for the tenth sales cycle of 2019 was US$ 425 million.
ALROSA, Tencent and Everledger launch Wechat Mini Program for blockchain-enabled diamonds
ALROSA, Tencent and Everledger are launching a new WeChat Mini Program e-commerce solution to Chinese retailers, demonstrating the power of blockchain technology to seamlessly enable the purchase of diamonds with full transparency...
ALROSA’s Supervisory Board approves a 3-year strategy for cutting and polishing complex and Kristall...
The Supervisory Board of ALROSA at the meeting on December 13 approved the Strategy for the development of its cutting and polishing complex for 2020-2022, as well as the plan of integration...
Alrosa/Banks Meeting Concludes Turmoil Sanitizing Market
An Alrosa delegation, led by CEO Sergey Ivanov, recently met with diamond banks and funds to discuss developments in the industry. Among the attendees at the December 6 Moscow event were delegates...
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