Headlines

De Beers: Voorspoed Mine in South Africa to be Sold

Mining giant De Beers is putting its Voorspoed mine in Kroonstad, Free State, South Africa, up for sale.

"After evaluating a range of options, the decision to place Voorspoed mine on the market has been taken to provide the opportunity for responsible lower-cost operators to employ a different operating model that could potentially extend the mine’s operating life beyond 2020, thereby contributing to the host community through continued employment opportunities and economic activity," De Beers Consolidated Mines (DBMC), its South African arm, said.

First-Ever India International Diamond Week Held by GJEPC

The first-ever India International Diamond Week took place earlier this month in Mumbai under the auspices of the Gem & Jewellery Export Promotion Council (GJEPC).

The aim is to promote the Indian diamond industry worldwide and improve its trade relations with potential countries.

Israeli Diamond Industry Heads to HKJMA Show With Optimism

The Israeli diamond industry said it was positive as exhibitors headed for the November 30 to December 3 Hong Kong International Jewelry Manufacturers’ Show at the Hong Kong Convention & Exhibition Centre.

The Israel Diamond Institute (IDI) said it was the fourth time that it has organized a national pavilion at the show, and it is encouraged by the rise in demand from Asian markets and success at previous shows in the region.

'Pink Promise' Sets Record at Christie's Magnificent Jewels Hong Kong Sale

The 'Pink Promise' set a world record per carat price for a pink diamond weighing more than 10 carats as it grabbed most of the attention at Christie's Magnificent Jewels Hong Kong auction on November 27.

The 14.93-carat Fancy Vivid pink diamond was acquired for $31,861,000.

Ahmed Bin Sulayem to Take Over as Chairman Of Dubai Diamond Exchange, DMCC Says

Executive Chairman of the Dubai Multi Commodities Centre (DMCC), Ahmed Bin Sulayem, a well-known figure in the global diamond trade, is to take over as Chairman of the Dubai Diamond Exchange (DDE) after Peter Meeus steps down on January 31, the DMCC confirmed.

Peter Meeus will become Honorary Chairman.

GIA: Synthetic Stone Fraudulently Inscribed To Match Natural Diamond Report

Improvements in diamond growth technology and methods have led to a noticeable increase in colorless synthetic gem diamonds in recent years, reported the GIA.

Concerns in the diamond industry focus on laboratory-grown diamonds not being properly disclosed or even being sold as natural stones. Through careful examination and analysis, gemological laboratories can separate natural from synthetic diamonds. Occasionally, however, fraud is involved in attempting to conceal a gem’s identity. The Carlsbad laboratory witnessed such an attempt.

De Beers Global Sightholder Sales Announces 2018 Sales Dates

De Beers Global Sightholder Sales has announced the dates of its sales in 2018.

New 'Real is Rare' Movies and Print Ads Launched by DPA

The Diamond Producers Association (DPA) launched new “Real is Rare” advertising at the 18th Annual Latin Grammy Awards.

“The Reveal” is one of two new videos presenting a modern take on love and diamonds. Meanwhile, “The Other Party” debuted on ABC’s broadcast of the 2017 American Music Awards on November 19.