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Industry News

WDC President Urges Governments to Support KP Reforms

Tuesday, November 19, 2019

Stephane Fischler, President of the World Diamond Council (WDC), told government representatives at the 2019 Kimberley Process (KP) Plenary Meeting that the future of the process depends on them.
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Small Store Closures Affect Local Communities

Tuesday, November 19, 2019

As the U.S. gears up for the biggest shopping weekend of the year, American Express has released data from its Shop Small Consumer Impact survey.
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Rio Tinto Looking to Take Majority Stake in Canadian Exploration Site

Tuesday, November 19, 2019

Rio Tinto has announced its intention to take a majority ownership in the Star-Orion South diamond exploration site in Saskatchewan, Canada.
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DMCC Publishes Arabic Language Diamond Terminology Guideline

Monday, November 18, 2019

With its publication in Arabic, "The Diamond Terminology Guideline" is now available in 10 languages. The latest version, which was published by the DMCC, ensures unity in diamond terminology across Arabic-speaking countries.
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Diamcor Posts Q2 Profit Despite Drop in Sales

Monday, November 18, 2019

Junior miner Diamcor Mining Inc. has reported net income of C$350,676 ($265,208) for its second fiscal quarter, ended September 30. This compares favorable to a net loss of C$417,368 ($315,646) in the prior fiscal year.
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U.S. Retail Sales Up in October

Monday, November 18, 2019

The National Retail Federation has reported that despite a slowdown in the U.S. economy, consumers are still spending and the important holiday season looks on track to perform better than last year.
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Zimbabwe Cuts Diamond Mining Royalty

Sunday, November 17, 2019

As part of its plan to grow its diamond mining sector, the government of Zimbabwe has cut mining royalties from 15 percent to 10 percent of gross revenue, according to reports in Zimbabwe's The Sunday Mail.
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Petra Sells 20.08ct Blue Diamond for $14.9M

Sunday, November 17, 2019

Petra Diamonds Limited has sold the 20.08-carat blue diamond recovered from the Cullinan Mine in South Africa in September 2019 for $14.9 million.
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Alrosa U.S. Specials Auction Generates $11M

Sunday, November 17, 2019

Alrosa's latest sale of special size rough diamonds (stones weighing over 10.8 carats) held in New York generated $11 million in revenue.
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Cartier Diamond and Sapphire Bracelet Tops Sotheby's Sale

Thursday, November 14, 2019

A 1927 Art Deco bracelet by Cartier tripled its pre-sale estimate at Sotheby's, realizing $6.13 million.
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