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Industry News

De Beers Extends Sight 5 to South Africa and Namibia

Wednesday, June 03, 2020

De Beers has confirmed that Sight 5 will take place as planned, and says Sight holders will be able to attend in South Africa or Namibia if they're unable to travel to Botswana...
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Alrosa Sells 102 of 800 Rough Diamonds at Biggest Online Sale

Wednesday, June 03, 2020

Alrosa's long-term clients bought 102 of the 800 large rough diamonds offered in the company's biggest ever digital tender. The remaining stones will....
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Jewelers Looted in Minneapolis Protests

Wednesday, June 03, 2020

Workers in Minneapolis fled in terror when looters threw a rock through their jewelry store window. A dozen staff were stashing valuables in a safe at R.F. Moeller Jewelers, in St. Paul, when company president Bob Moeller...
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Encouraging Signs from Exploration at Marsfontein

Tuesday, June 02, 2020

Bulk sampling at Marsfontein, South Africa, has yielded encouraging results, according to the exploration company Botswana Diamonds. It has recovered....
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Britain's Most Audacious Gem Heist - $5.3m of Diamonds Swapped for Pebbles

Tuesday, June 02, 2020

A gang swapped $5.3m of diamonds for a bag of worthless pebbles in an audacious sleight-of-hand heist at a top London jeweler. Detectives said the astonishing raid....
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World's Leading Producers Rebrand as "Only Natural Diamonds"

Tuesday, June 02, 2020

The Diamond Producers Association, representing the world's biggest producers, is changing its name to Natural Diamond Council in a move that will distance it....
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China's Retail Jewelry Trade is in Recovery

Monday, June 01, 2020

Jewelry stores have shown "encouraging signs" in post-COVID-19 China, according to De Beers. Paul Rowley, its executive vice president of diamond trading...
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Alrosa Allows 100 per cent Deferrals for Third Consecutive Month

Monday, June 01, 2020

Alrosa will allow customers to defer 100 per cent of June purchases, as it has done in April and May, in response to the ongoing COVID-19 pandemic....
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IDEX Price Report: Possible Signs of Recovery as Prices of Polished Diamonds Rise in May

Monday, June 01, 2020

Polished diamond prices for May reflect much more movement than for April, with an overall trend of modest rises, balanced by price drops in specific....
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India's Diamond Industry Hit by 2% Online Sales Tax

Sunday, May 31, 2020

India's diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a two per cent online sales tax. The so-called Equalization Levy....
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