The Israel Diamond Institute Group of Companies has launched a groundbreaking Russian version of the Israeli Diamond Industry Portal, the definitive B2B website for the Israel trade. The site was presented at a press conference by Avraham Traub, Chairman of the IDI Finance Committee and Honorary President of the Israel Diamond Manufacturers Association. For full [...]
The return of the UPA to power has kindled hopes of diamantaires that the new government will implement RBI’s recommendation on extending loan against the stock of polished diamond. For full story, click here
Diamond producer and exploration company Pangea DiamondFields announced that it has completed the second successful sale by tender of diamonds from its Bakerville Project in South Africa. The sale yielded an average price of US$236 per carat from a run of mine parcel of 1,016 carats. For full story, click here
Like the case of Surat, Belgium’s diamond industry is also facing the impact of slump in a very bad patch. For full story, click here
A seven-carat blue diamond discovered at the Cullinan diamond mine near Pretoria has been sold in Geneva for a record price of nearly U.S. $9.5 million. For full story, click here
The diamond-cutting and polishing industry in Surat is regaining its lost sparkle. Around 500 more units in the diamond city have resumed operations in the past month, as a result of which diamond units are looking for workers again. CP Vanani, president, Surat Diamond Association, stated: Surat had 2,500 to 3,000 diamond-cutting and polishing units [...]
Reporters learned from a news conference held at the “Jewelry Shanghai 2009,” that in recent years, the diamond market was the fastest growing market in the entire Chinese jewelry market. For full story, click here
Some of the blues has been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million, the highest auction price ever for a fancy vivid blue. For full story, click here
In 2009 The Israeli diamond industry will once again be a major presence at the JCK Show- Las Vegas 2009. The Israel Diamond Pavilion, hosted by the Israel Diamond Institute Group of Companies will feature 22 exhibitors, and an additional 21 Israeli companies will be exhibiting elsewhere throughout the show. For full story, click here
Shares in Gem Diamonds surged 12.9 percent, building on Friday’s 20 percent gain, as investors react to a recovery in demand for rough diamonds with market conditions looking more positive. Desmond Kilalea, a diamond analyst at RBC Capital Markets, stated: They have just raised money and we know diamond prices are getting a bit better. [...]
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