Headlines

ALROSA Raises $6.5M At Vladivostok Rough Diamond Auction

ALROSA sold 112 gem-quality diamonds weighing 1,780 carats, with total revenue from the sale of stones amounting to $6.5 million at the international auction for special size rough diamonds (over 10.8 carats) held recently in Vladivostok.

Mountain Province Diamonds Inc. Reports Q2 Results

Mountain Province Diamonds Inc. 10,865,263 total tonnes mined, a 6% increase on comparable period (Q2 2018: 10,285,000).

882,374 tonnes of ore treated a 2% decrease from comparable quarter (Q2 2018: 899,000 tonnes).

De Beers Diamond Production Down 14% To 7.7 Million Carats In Q2

De Beers reported that diamond production decreased by 14% to 7.7 million carats in the second quarter, as it continued to produce to market demand and as Venetia transitions from an open pit to underground mine.

Rough diamond production decreased by 14% to 7.7 million carats driven by reductions in Botswana (Debswana) and South Africa (DBCM). Production guidance has been revised downwards to around 31 million carats, in response to weaker trading conditions.

Israel Diamond Week in Shanghai Set To Be Annual Event, Says IDE's Yoram Dvash

"As part of our efforts to promote the Israel Diamond Exchange, we, together with our partners on the Chinese diamond exchange, initiated the Israel Diamond Week in Shanghai, which is expected to take place every year," said Israel Diamond Exchange President Yoram Dvash.

The Shanghai Diamond Exchange, led by President Qiang Lin, hosted a delegation led by Israeli diamond companies, senior officials of the Israel Diamond Exchange and the President of the World Federation of Diamond bourses, Ernie Blom.

Rami Baron Chairs Meeting of Young Diamantaires at London Diamond Bourse

Rami Baron, President of the Diamond Dealers Club of Australia and Young Diamantaires Association (YDA) founder, chaired a meeting of the YDA at the London Diamond Bourse (LDB) earlier this month.                                                                              

The meeting was organized by LDB President Alan Cohen and coordinated by board member David Troostwyk.

First Israel Diamond Week in Shanghai Signals New Era of Cooperation

A new era of cooperation between the Israeli and Chinese diamond industries will be launched this week, when the first Israel Diamond Week opens in Shanghai on July 16.

Jointly organized by the Israel Diamond Exchange (IDE) and the Shanghai Diamond Exchange (SDE), the event will take place at the SDE from July 16 - 18, 2019. This is the first time that Israeli diamantaires have been officially invited to exhibit their goods to SDE members.

India Brings In Code For Synthetic Rough Imports

India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of synthetics entering the country.

De Beers Group Progresses ‘Moving Giants’ Elephant Conservation Initiative

The De Beers Group has announced the second translocation of elephants from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to Zinave National Park in Mozambique.

The first herds of elephants were corralled at the VLNR on 25 June, before making their journey by road some 1,700km where they were released at Zinave on 27 June. The final herds arrived at Zinave today, bringing the total number of elephants moved in 2019 to 53.