Diamond Market News Directory

Diamond Industry Facing Problems Across the Board

Reuters reported that the diamond industry is facing a number of problems. For instance, the family businesses that make up the global diamond trade have taken a hit in terms of profits, while diamond cutters and polishers are caught between miners who charge high prices for rough stones and retail chains that want to buy finished gems at low prices.

Botswana Diamond Facilities Facing Cutbacks

Mining Weekly reported that two diamond cutting and polishing factories in Botswana have closed down. More than half of such facilities in the country have had to "retrench and downsize."

India’s SNZ for Rough Diamond Imports to Begin July 1

RAPAPORT reported that India's gems and jewelry industry has received the government's approval to establish a Special Notified Zone (SNZ) at the Bharat Diamond Bourse (BDB) in Mumbai for the import, re-export and trade of rough diamonds.

Scientists Examine Diamonds Formed in Space

The BBC reported that a new study published in the journal "Geochimica et Cosmochimica Acta" shows that diamonds can form in outer space and fall to Earth. To find that out, scientists looked at samples of a meteorite that fell to Earth in 2008.

IGI Certifies 10-Carat Diamond Produced in Russia

RAPAPORT reported that the The International Gemological Institute (IGI) Hong Kong certified lab-grown, 10.02-carat, E, VS1, type IIa, square, emerald-cut stone produced by New Diamond Technology LLC of St. Petersburg, Russia.