Diamond Market News Directory

India Reports Fall in April Polished Diamond Exports

Rapaport reported that India's polished diamond exports sank 11 percent in April from the previous year, to $1.636 billion. The volume of goods exported slipped 5.7 percent, to 2.524 million carats.

Zimbabwe Suspends 15-percent Diamond Sales Tax

Reuters reported that Zimbabwe has axed a 15-percent tax on diamond sales, at least temporarily. The move was brought about by lower production as well as "low international gem prices," according to the country's finance minister and central bank governor.

Exchange Presidents Gear Up for 2015 Presidents Meeting

Mining Weekly reported that the presidents of exchanges affiliated with the World Federation of Diamond Bourses are preparing for the 2015 Presidents Meeting. In light of the current issues facing the diamond market, the federation believes it will be "one of the most important assemblies of its kind ever held."