Mineweb reported yesterday that the Reserve Bank of India has made it easier for diamonds to be imported into the country; essentially, traders and manufacturers are now able to "directly import rough diamonds from anywhere in the world."
Diamond Market News Directory
Rapaport reported that India's Gem & Jewellery Export Promotion Council (GJEPC) and Russian diamond producer ALROSA (MCX:ALNU) have signed a memorandum of understanding (MOU).
Over the weekend, the Dubai Diamond Exchange announced that a record number of sales took place at the first Zimbabwe diamond tender, which was held from March 23 to 30 of this year.
Rapaport reported that while diamond markets were positive in March, it expects a slowdown in the second quarter of this year.
Rapaport reported that at Sotheby's (NYSE:BID) Geneva sale of magnificent and noble jewels, set to take place on May 13, one highlight will be the 31.34-carat, D, potentially flawless, type IIa Victory diamond.
Voice of America reported that in order to stop illegal blood diamond trading, Cameroon and Chad are increasing their border security. They suspect that the gems may be sponsoring "armed groups in neighboring Central African Republic."
R&D Magazine reported that a research team led by scientists at SLAC National Accelerator Laboratory has discovered a potential new way make thin diamond films for use in various industrial applications.
Rapaport reported that on the first day of the inaugural Zimbabwe diamond tender, which is being held at the Dubai Diamond Exchange (DDE) from March 23 to 30, over 105 participants registered as buyers.
The Economic Times reported that scientists have shown that information can flow through a diamond wire. In the future, the discovery could be used to make faster computers.
The Financial Times said yesterday that this week, Panama will be formally launching the Panama Gem and Jewellery Center, which will be home to the Panama Diamond Exchange (PDE).