Rapaport: Diamond Trade Cautious At End Of Year
Diamond trading was quiet in late December as wholesalers took vacation between Christmas and New Year, Rapaport said in a release. The industry was cautious due to sluggish US consumer demand and competition from...
SRK Becomes Member of World Diamond Council
Surat-based diamond manufacturing company Shree Ramkrishna Exports Pvt. Ltd. (SRK) has joined the World Diamond Council (WDC), which represents businesses and organisations engaged in the global diamond value chain.
SRK said it recognises the crucial...
US Closes Loophole on Russian Diamonds
The US is closing the loophole that has, for almost two years, allowed the importation of rough diamonds from Russia as long as they are cut and polished in India or elsewhere.
A new White...
The Science Of Brilliance: Understanding The 4Cs Of Lab Diamond Engagement Rings
Lab diamonds have emerged as a favored choice for engagement rings, appealing to modern preferences for sustainability and affordability. These diamonds, grown in controlled lab environments, match their mined counterparts in beauty and durability....
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
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
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
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 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
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...
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