Headlines

De Beers Reports Global Diamond Jewelry Sales Hit Record High of $81B In 2014

Global diamond jewelry sales grew 3% to a new record high of $81 billion in 2014, De Beers reported in a major survey of the market. The United States was the fastest growing market for diamond jewelry in 2014, up 7%, followed by China, up 6%.

De Beers' CEO Phillippe Mellier to address Presidents' Meeting

Philippe Mellier, Chief Executive Officer of the De Beers Group, will be the keynote speaker at the June 14-16 Presidents' Meeting in Tel Aviv. Mr. Mellier will offering his 'Perspectives on the Diamond Industry'.

Pure Gold Holds First WDM Sales Training Program in Dubai

Pure Gold Jewellers, the first international retail jeweler that adopted the World Diamond Mark Authorised Diamond Dealer program, has held a first sales training program organized by WDM for the chain's store managers and assistant managers in Dubai.

Idar-Oberstein Announces Results of Elections for Board of Directors

The Diamant-und Edelsteinbörse Idar-Oberstein EV has announced the results of its elections for the Board of Directors.

Jochen Müller was elected President, with Manfred Giloy, Christian Klein, and Bernd Willi Ripp elected as Vice Presidents.

The Board members are Dieter Hahn, Govind Jain, Vinay Kothari, Hans Dieter Krieger, Dominik Kulsen, Frank Mayer, Gerd Meng, Bernd Mildenberger, Wolfgang Schmauch and Kurt Ziemer.

Panama President Inaugurates New Jewelry Center, Diamond Exchange

The World Jewelry Hub (WJH), the first dedicated diamond, colored gemstone and jewelry trading center in Latin America, was officially inaugurated on April 28 by Panama's head of state, President Juan Carlos Varela, government representatives, industry leaders and more than 350 members of the business from the region and around the world.

The ceremony was held in the first phase building of the $200 million WJH complex, which is designed specifically to serve as the primary business center for the trade in Mexico, South America, Central America and the Caribbean, and the access point to the region for suppliers and buyers around the world.

IDE Celebrates Israel's Independence Day in Style

The Israel Diamond Exchange (IDE) played its part in celebrating Israel's 67th year of independence with the numbers appearing on the Diamond Tower, one of the bourse's four buildings.

Israel's Independence Day took place on April 23 and is a national holiday.

Israel Opens International Rough Diamond Week

The Israel Diamond Exchange's (IDE) second International Rough Diamond Week kicked off on Sunday, April 12. IDE President Shmuel Schnitzer opened the event, with IDE Vice President and Rough Committee Chairman Arnon Yuval and Diamond Controller Shmuel Mordechai also taking part.

IDE Director General Moti Besser was also in attendance and there was a large turnout of IDE members.

Diamonds and Valuables 'Worth Millions' Stolen in London Safety Deposit Vault Heist

Jewel thieves reportedly stole many millions of pounds of diamonds and jewelry in a daring raid on a large vault in the heart of London's historic Hatton Garden diamond district over the long Easter weekend.