Headlines

ALROSA Sells $1.582B Of Rough Diamonds In First Quarter

ALROSA sold $1.582 billion of rough diamonds in the first three months of this year, with sales of almost $550.3 million in March.

"In January-March, world markets saw higher demand for medium and large-size rough diamonds compared to the same period last year," said ALROSA Deputy CEO Yury Okoemov.

Actress Elizabeth Hurley Guest of Honor at CARAT+ Show Event

CARAT+ will welcome exhibitors, visitors and CARAT+ Club members to its second annual CARAT+ Night evening event on May 6.

British actress and model, Elizabeth Hurley, will be guest of honor at CARAT+ Night. She will formally open the event before meeting exhibitors and discovering the loose diamonds, diamond jewelry and colored gemstones on display.

Lucara: 472 Carat Diamond, 3rd Largest Ever Found at Karowe

Lucara Diamond Corp. has found a 472-carat, top light brown gem diamond, the third-largest diamond ever recovered from its 100% owned Karowe diamond mine located in Botswana.

Forevermark Launches In Indonesia as Global Expansion Continues

Forevermark, the De Beers Group's diamond brand, has expanded into Indonesia.

Forevermark is partnering with Indonesian jewelry company, Central Mega Kencana (CMK), which will sell Forevermark in its retail brands, Frank & Co., The Palace and Miss Mondial.

NY DDC Holds Israel Diamond Week On New Trading Floor

The Diamond Dealers Club (DDC) held its annual Israel Diamond Week from April 10-12, welcoming Israel Diamond Exchange (IDE) members to its new premises for the first time.

As in the past, members of both bourses exhibited their goods on the DDC trading floor, now located at 50 West 47th Street.

Ongoing Industry Restocking Behind Strong De Beers Sight

De Beers sold rough diamonds with a provisional value of $520 million, following confirmed sales of $564 million in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

Leo Schachter: Rosy Blue to Become a Minority Investor

Rosy Blue has become a minority investor in Leo Schachter, the firm said.

The transaction is expected to close soon, and will mark a culmination of over 30 years of a trading relationship built between the two groups, the Leo Schachter firm said in a statement.

Organizers of Bharat Diamond Week Gearing up for Show

Organizers of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, are gearing up for the inaugural show which takes place from April 23-25. And ahead of the international diamond week, preparations are in full swing for a cricket tournament that will be taking place from April 8-15, in the run-up to the Bharat Diamond Week.