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De Beers CEO Philippe Mellier made a major presentation at the JCK Show in early June. Below are excerpts from that speech.

"As I looked through some of the media reports on the diamond industry in the lead up to the show, I was reminded of how two people can look at exactly the same image and see something entirely different – it’s all a matter of perspective.

And the diamond industry has felt a little like this recently. There has been a fair amount of apparently conflicting information – one day there will be a story of a growing industry; the next there will be a report of depressed demand.

Indian Government Approves Special Notified Zone for Rough Imports

The Indian government has approved the creation of a Special Notified Zone (SNZ) at the Bharat Diamond Bourse (BDB) in Mumbai for rough diamond imports, re-exporting and trading.

Indian diamantaires expect the establishment of the zone to help boost significantly India’s position as a manufacturing center, particularly through the slashing of red-tape regarding rough imports and re-export of unused or unsold parcels of goods.

Diamond Miners Creating Producers Association

The Diamond Producers Association aims to support the development of the diamond sector.

Seven of the world’s leading diamond mining companies are to form a new body called the Diamond Producers Association (DPA).

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.