De Beers Second Sight of 2017 Generates $545 Million of Rough Diamond Sales

De Beers reported the sale of a provisional $545 million in rough diamonds in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2017.

The figure, which will be updated at the next sale, appears to continuing show strong demand as the industry restocks.

Presidents Meeting Approves 'Diamond' and 'Grading Report' Decisions

The International Diamond Committee (IDC), a subcommittee of the WFDB and IDMA, met with a CIBJO delegation to discuss a final agreement for one standardized CIBJO/IDC book for grading polished diamonds and to confirm previously decisions agreed by both organizations in the past, Dieter Hahn told the 2017 Presidents Meeting.  

Diamond Club West Coast Announces Election Results

The Diamond Club West Coast Inc has announced the results of its recent elections.

Kring's Antwerp Rough Diamond Days Rock Antwerp

The Antwerpsche Diamantkring’s Antwerp Rough Diamond Days event held on February 22 and 23 saw active trading across all rough qualities.

Indian, Israeli and Chinese buyers were delighted with the wide variety of rough goods on show and many traders proclaimed their satisfaction with the level of trading.

Alrosa's Zharkov May Step Down Soon – Report 

Alrosa CEO Andrey Zharkov may depart the mining company just two years after becoming as its head, according to a report by Reuters.

Zharkov has been Alrosa's CEO since spring 2015. He has reportedly been in dispute over the firm's 2017 budget with the Finance Ministry, the Kommersant newspaper said, citing sources.

Petra Diamonds: Half-Year Revenue and Profit Up Strongly

Petra Diamonds said that its revenues and net profit surged in the six months to December 31.

Revenue soared 48 percent to $228.5 million, and net profit was $35.2 million compared with a $2.2 million loss the prior year.

Forevermark Now Available in 2,000 Global Retail Outlets, Says De Beers

The Forevermark diamond brand is now available in more than 2,000 retail stores around the world following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey, De Beers said.

This consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands, the company said.

Heavy Traffic on Trading Floor on Day 2 of International Diamond Week in Israel

The trading floor of the Israel Diamond Exchange (IDE) continued to see heavy traffic on the second day of the Sixth International Diamond Week in Israel (IDWI).

The mood was upbeat, reflecting a lively trading atmosphere, the IDE said in a statement.