Headlines

De Beers – Strong Sales Continue at Second Sales Cycle of 2018

De Beers sold rough diamonds with a provisional value of $555 million, following confirmed sales of $672 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018 compared with a provisional figure of $665 million.

ALROSA Sells $1 Billion Of Rough Diamonds In Jan-Feb

ALROSA sold $1.032 billion of rough diamonds in the first two months of this year, with sales of almost $533 million in February.

"In February, the core diamond markets were quite strong," said ALROSA Deputy CEO Yury Okoemov. "The diamond cutting sector continues replenishing stocks. Demand for diamond products was also backed up by good jewelry sales in China on the eve of the Chinese New Year.

Gem Diamonds Finds 152-Carat Type IIa Diamond at Letseng

Gem Diamonds Limited has found a 152-carat, top white color Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.

Beny Steinmetz Firm Placed In Administration

BSG Resources Ltd, a Guernsey-based holding company of Israeli diamond and mining tycoon Beny Steinmetz’s international mining business, has been placed in administration.

Being placed in administration means being taken under the management of a court appointed administrator whose main aim is to leverage the company's assets and business to repay creditors as quickly and as fully as possible without preference.

Bharat Diamond Week Expects to Welcome At Least 1,000 Visitors

The Bharat Diamond Bourse (BDB) in Mumbai, expects at least 1,000 visitors from India and abroad to take part in the first Bharat Diamond Week, to be held at the exchange from April 23-25, the exchange said.

Dubai Diamond Exchange Signs Tenders Deal With Stargems

The Dubai Multi Commodities Centre (DMCC) announced that the Dubai Diamond Exchange (DDE) has signed a strategic partnership with Stargems, which specializes in the sourcing and supply of fine diamonds, to host rough diamond tenders this year.

Israel Diamond Pavilion to Hold Diamond Auction at HKTDC Hong Kong

The Israeli diamond industry is again preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this year.

The Israel Diamond Pavilion, organized by the Israel Diamond Institute (IDI), will host 70 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors there will be four companies that are participating in this show for the first time.

Sarine Officially Opens Technology Laboratory in Israel

Sarine Technologies has officially opened the Sarine Technology Laboratory, which it says will be the first in a network of advanced, automated gemological labs.