As per the data released last week by the diamond controller, Shmuel Mordechai at the Trade and Labour Ministry, Israel there was a 58.3% drop in the export of polished diamonds compared to the same period last year. For full story, click here
India is beginning to face new competition in the diamond business from China. Despite having no traditional connections to the diamond business, China has over two decades emerged as a formidable power in the trade. For full story, click here
India is beginning to face new competition in the diamond business from China. Despite having no traditional connections to the diamond business, China has over two decades emerged as a formidable power in the trade. For full story, click here
The Kimberly Process, the international body created to curb trade in gems used to fund conflict, will visit Zimbabwe again next week to investigate claims of diamond smuggling and related violence. For full story, click here
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 Angolan diamond trade has a complex history encompassing cold war interests and rampant corruption. Diamond mining in Angola is a pivotal issue because its level of success will determine the country’s future. For full story, click here
The country of Botswana, which is the world’s top producer of diamonds, will cut output this year. A dipping demand for gems has persuaded the De Beers and Debswana companies, which control the diamond trade, to produce 15 million carats of diamonds this year compared to 33.6 million carats last year. For full story, click [...]
A global diamond group called on Thursday for a ban on trade in Zimbabwe diamonds. WFDB president Avi Paz stated: The WFDB and its membership worldwide are committed to do all it can to prevent conflict diamonds from Zimbabwe or from any other source for that matter to be traded by our members. For full [...]
With a whopping $43 billion of rough and cut diamonds passing through Antwerp, home to some 300 Indian families mainly hailing from Palanpur in Gujarat that are engaged in the trade, this Belgian city’s diamond market is dangerously overdrawn and recovering from the financial meltdown. For full story, click here
Dubai’s ideal location between the world diamond centres in Belgium and India, along with the lure of a tax-free, business-friendly environment has assisted the city leap to the forefront of the diamond trade. For full story, click here
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