Headlines

ALROSA To Auction 11-Ct Deep Purple-Pink Diamond In Hong Kong

ALROSA, the world’s largest diamond producer by output in carats, will hold its first “True Colour” auction of colored polished diamonds during the upcoming Hong Kong Jewellery & Gem Fair.

Firestar Diamond Bankruptcy Trustee Announces Auction of Stock and IP

Richard Levin, Chapter 11 Trustee of Firestar Diamond, Inc. and Fantasy, Inc., is liquidating the diamond and jewelry inventories of Firestar and Fantasy and their patents and trademarks and associated jewelry.

System of Warranties Public Review Ends October 1, Says World Diamond Council

The World Diamond Council (WDC) is encouraging stakeholders to review the System of Warranties (SoW) during its public review period which ends on October 1.

This review period, which began on June 5, is intended to help industry participants better implement and demonstrate commitment to responsible sourcing when buying or selling rough and polished diamonds.

With New Government Support, IDE Offers Free Flights for Diamond Buyers

After years with no government backing, the Israeli diamond industry has entered a new era. That was the message brought by Israel’s Minister of Finance, Moshe Kahlon, when he visited the Israel Diamond Exchange (IDE) today for a New Year celebration on the bourse trading floor.

GIA: Single Natural Diamond Found in Large Batch of HPHT Synthetic Melee

The GIA reported an unusual discovery: one natural stone in a package containing more than 1,000 undisclosed pieces of lab-grown melee submitted to its New York City lab.

Rio Tinto Announces New Diamond Pipe At Diavik Mine

Huge mining conglomerate Rio Tinto has opened a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in the Northwest Territories of Canada.

The new open pit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the Rio Tinto operated mine, the company said.

Sarine and Lucara Diamond Corp to Collaborate on Clara Rough Initiative

Sarine Technologies Ltd has signed an agreement with Clara Diamond Solutions Corporation, a unit of Lucara Diamond Corp. which aims to change the way certain rough diamonds are sold.

Former Ivanka Trump Business Partner Being Sued by US Justice Dept

The American Justice Department is suing Moshe Lax, a friend and former business partner of Ivanka Trump, for allegedly taking part in schemes to defraud the US government out of millions of dollars in tax liabilities on his father’s estate.