De Beers reported that rough diamond sales volumes totalled 9.9 million carats (9.2 million carats on a consolidated basis) from three sales cycles, compared with 8.2 million carats (7.5 million carats on a consolidated basis) from the same number of sales cycles during the equivalent period in 2017. Fourth quarter rough sales revenues increased year […]

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Chinese conglomerate Fosun International Ltd. has acquired 80% of diamond grading lab International Gemological Institute (IGI). The transaction was done through Yuyuan Inc., Fosun’s holding company for the consumer sector. IGI, headquartered in Belgium and established in 1975, is a well-known gemological training and diamond grading organization, which has been managed by family stakeholders since […]

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