Headlines

London Bourse Members Gain Access to Bonded Warehouse

London Diamond Bourse (LDB) has announced the establishment of a customs-approved warehouse facility for its members, in partnership with Malca-Amit UK Ltd. This represents a significant value added service for members wishing to import goods from outside the EU.

Retail Jeweller Presents Top Annual Award to Harry Levy

UK magazine, Retail Jeweller, has awarded London Diamond Bourse (LDB) President Harry Levy its Outstanding Contribution to the Industry Award.

IDE President Schnitzer Opens Presidents Meeting in Tel Aviv

The formal opening of the 2015 Presidents Meeting in Tel Aviv took place on Monday.

Israel Diamond Exchange President Shmuel Schnitzer opened the proceedings the 2015 Presidents Meeting with a speech that touched on the issues affecting the Israeli and global diamond trade.

He also said that the IDE was hoping to sign an agreement with the tax authorities.

PM Netanyahu to Host 2015 Presidents' Meeting Delegates

Israel's Prime Minister, Benjamin Netanyahu, is to host a delegation of the participants in the 2015 Presidents' Meeting at the Prime Minister's official residence in Jerusalem at the close of the three-day event.

ALROSA President to attend 2015 Presidents' Meeting

Andrey Zharkov, the newly appointed President of the Russian mining company ALROSA, the world's largest diamond producer by volume, confirmed that he will be heading an ALROSA delegation to attend the 2015 Presidents' Meeting in Tel Aviv next week.

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).