Headlines

IDMA Head VanderLinden: Numbers Of Diamond Manufacturers Declining

International Diamond Manufacturers Association (IDMA) President Ronnie VanderLinden said that during the 38th World Diamond Congress that was held in Mumbai last week the changing landscape of diamond manufacturing was at the heart of the members' discussions.

"We need to recognize that we have lost a significant number of factories, especially in the smaller diamond centers, and that apart from in India, in most Asian and African countries, diamond manufacturing is dwindling," he noted.

Israeli Police Want To Question Lev Leviev Over 'Diamond Smuggling'

Israeli law enforcement officials say they want to question Lev Leviev, the business tycoon whose companies are reportedly at the center of a diamond smuggling ring that operated over years.

Among six people police detained for questioning under caution on Monday are two of his relatives, and four other people who are or had been involved in his companies in Israel and Russia, according to the Ha'aretz newspaper. Police have asked the court to extend the detention of the six suspects.

Alibaba And AWDC Partner to Bring Belgian Diamonds Directly To Chinese Consumers

The Antwerp World Diamond Centre and the Alibaba Group have signed an exclusive partnership to offer Antwerp certified diamonds to Chinese consumers via Alibaba’s B2C marketplace, Tmall.

Angola's Q3 Diamond Sales Total $264 million

Diamonds generated $264 million (€231.7 million) in revenue for Angola in the third quarter of 2018, a decrease of $52.5 million compared to the same period last year.

US Richline Group Partnering with Leading Retailers to Sell 'Grown With Love' Lab Grown Diamonds

Richline Group, a wholly owned subsidiary of Berkshire Hathaway, is partnering with JCPenney and Macy’s to introduce Grown With Love, lab grown diamonds this holiday season.

ALROSA Revises 2018 Sales To 37M-38 M Cts on Weaker Demand For Small Rough

ALROSA, the world's leading diamond miner in volume terms, has revised downwards its guidance for 2018 sales to 37 million-38 million carats due to weaker demand for small-size rough diamonds in the second half of this year.

Rio Tinto's Argyle Pink Diamonds Tender Delivers 'Record Results'

Rio Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered a record result reflecting strong global demand for fancy colored diamonds, the miner said.

Stargems Group Sells 2M Cts at Diamond Tenders at Dubai Diamond Exchange

Stargems Group successfully concluded their six tenders of SACIM goods in 2018 with rough diamonds sourced from the Democratic Republic of Congo.