Articles Tagged "polished diamonds"

While Gold Achieves New Historical Highs, Diamonds Quietly Outperform

With all of this favorable press regarding gold and its intrinsic value, many investors have missed the news that prices for investment diamonds have actually performed slightly better than gold during the first half of this year.

Diamonds: New Economic Powers Fight for Control

The fight for control of natural resources is heating up between the two fastest growing economies. In a secret deal with Zimbabwe, the Chinese military has secured permits to mine the Marange diamond fields. India, looking to control its supply of rough stones for Surat’s cutting and polishing sector is looking to aide African Nations with medicines, and infrastructure projects.

JA Ceased Zimbabwe’s Diamond Exports to Dubai

Zimbabwe’s approved rough diamond export to Dubai is raising Jewelers of America’s concern.  To prevent any future problems JA President Matthew A. Runci decided to call Kimberley Process (KP) to not authorize any further shipments of goods originating from the Marange until corrective measure have been taken. The news added the information: Following this development, [...]

Diamond Industry Sees Changing of the Guard

The days of De Beers dominance of the worldwide diamond market may be over as Alrosa, Russia’s diamond giant, is the new King. Anglo-American may be looking to publicly list De Beers in London and Botswana, as well as selling shares of the under-performing company. Healthy sales numbers from world production centers and increasing imports to the US are making for a strong 2010.

India’s Diamond Industry Strengthening

A $490 million deal between Russian Diamond giant Alrosa and Indian firms strengthens India’s diamond industry. Companies such as Rosy Blue and Diamond India, headquartered in Surat, India are responsible for 90 per cent of the global polished diamond output.