Industry News

Subscribe to Industry News feed
Updated: 1 hour 55 minutes ago

New Direct Flights to India Will Benefit Bharat Diamond Week, Says BDB

16 hours 55 minutes ago
The BDB is expecting thousands of visitors from India and abroad to take part in the April 23-25 international diamond week.

Registration Opens for AIGS Course on Analytical Methods in Gemology

17 hours 55 minutes ago
The course will take place at AIGS in Bangkok, with the course instructors being Franck Notari and Dr. Andreas Burkhardt.

Tiffany & Co. Reports Worldwide Net Sales Up 4% To $4.2 Billion

18 hours 55 minutes ago
Results reflected sales growth in most regions and across most jewelry categories; comparable store sales were equal to the prior year.

Mountain Province Diamonds Sale Posts Highest Per Carat Price to Date

Sun, 18/03/2018 - 23:00
Mountain Province Diamonds Inc. said its second diamond sale of 2018, of approximately 177,000 carats, raised $25.1 million.

ALROSA Sells $16M Of Rough, Polished At Hong Kong Show Auction

Sun, 18/03/2018 - 21:00
Sale included 112 special size rough diamonds (over 10.8 carats) weighing a total of 1,787 carats for $13.5 million.

De Beers, Mountain Province Sign Understanding Over Kennady Diamonds

Sun, 18/03/2018 - 20:00
The agreement sees the deal going ahead in the event that Mountain Province’s proposed acquisition of Kennady Diamonds is approved.

NY Diamond Dealers Club Welcomes Delegation From Shanghai Exchange

Thu, 15/03/2018 - 02:00
Shanghai bourse took delegation to do business with the Diamond Dealers Club members on the NY exchange's new trading floor.

Reserve Bank Of India Bans Financial Instruments Used By Modi And Choksi

Thu, 15/03/2018 - 00:00
The Reserve Bank of India has moved to ban the use of letters of undertaking (LoUs) and letters of comfort (LoCs).

Gem Diamonds 2017 Revenue Up, Profits Down

Wed, 14/03/2018 - 23:00
Diamond miner announces range of cost-cutting measures; eyes $100 million of cash savings by the end of 2021.

Dubai Conference To Look At Impact Of Gold Taxation, Challenges In Jewelry Sector

Wed, 14/03/2018 - 23:00
Two panel sessions to be held on the first day of the 7th edition of the Dubai Precious Metals Conference from April 8-9.

Sharp Drop In Signet Jewelers Sales, to Close 200 Stores

Wed, 14/03/2018 - 21:00
Fiscal 2019 guidance for same store sales is down to low-to-mid single digits, with total sales seen at $5.9 billion -$6.1 billion.

Gem Diamonds Finds Another Big Stone at Letseng

Wed, 14/03/2018 - 20:00
Gem Diamonds Limited has recovered a 169 carat, top white color Type IIa diamond from the Letšeng mine in Lesotho.

WFDB Executive Committee Debates Hot Topic Industry Issues

Tue, 13/03/2018 - 20:00
WFDB disussed issues "of critical importance to diamantaries in their daily work," the World Federation said in a statement.

GIA to Demonstrate iD100 Gem Testing Device At Baselworld Show

Mon, 12/03/2018 - 23:00
It will be the first time that the GIA iD100TM gem testing device has been demonstrated at a trade show in Europe.

Jewelers of America Announces Winners of Design Competition

Mon, 12/03/2018 - 23:00
The CASE Awards recognizes JA Retail Members who exhibit creativity, artistry, style and excellence in jewelry design.

'Lesotho Legend' 910 Carat Diamond Sold For $40M At Antwerp Tender

Mon, 12/03/2018 - 22:00
"Reflecting its significance, the diamond, which is the fifth largest gem quality diamond ever recovered, has been named The Lesotho Legend."

Gas Asset Sales Allow ALROSA to Prepay $450 Million of Bank Loans

Mon, 12/03/2018 - 20:00
Russian diamond mining giant ALROSA said it had  prepaid $450 million of bank loans.

WFDB to Discuss Full Agenda at Idar-Oberstein ExCo Meeting

Sun, 11/03/2018 - 21:00
WFDB Executive Committee Meeting takes place in Idar-Oberstein with the meeting tackling a full agenda of issues ahead of the World Diamond Congress in Tel Aviv in June.

WDC's Fischler Joins Panel Discussion on Kimberley Process at UN

Sun, 11/03/2018 - 20:54
WDC Acting President Stephane Fischler joined a group of executives at a UN General Assembly side event discussing the Kimberley Process.

DPA Looks at Women in Diamond Industry to Mark Int'l Women's Day

Sun, 11/03/2018 - 20:00
The Diamond Producers Association launches story-telling series about role women play in the diamond business.