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ALROSA's Supervisory Board Approves Acquisition of Smolensk-Based Kristall

At its meeting on September 24, the ALROSA Supervisory Board approved the acquisition of a 100% stake in Joint-Stock Company "Production Corporation "Kristall" from the Russian Federation represented by the Federal Agency for State Property Management (Rosimushchestvo) on the terms set forth in the decree of the Russian Government.

DMCC Unveils New Dubai Diamond Exchange –Largest Trading Floor In World

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – today unveiled the redesigned and upgraded Dubai Diamond Exchange (DDE) auction facility, the world’s largest diamond trading floor located at the Almas Tower.

Comprising 41 tables, fully secured with cameras, state-of-the-art technology and specialist lighting, the auction facility is the largest of its kind in the world. Able to host 200 buyers at one time, the DDE has capacity to host multiple tenders simultaneously.

ALROSA - DIAMOND INSPECTOR Shows High Results In ASSURE Testing Program

The first Russian portable instrument for diamond verification - ALROSA DIAMOND INSPECTOR - showed high results in the ASSURE testing, performed by the independent laboratory UL Verification Services, Inc. in Boston (USA), ALROSA reported.

"Due to three optical methods of analysis, ease of use and low cost in comparison with analogs, the Russian device suits retail shops, pawnshops, distributors, gemological laboratories, jewelry manufacturers."

Blockchain Group Everledger Gets $20M Investment

Blockchain technology company Everledger has closed a $20 million Series A funding round, led by China-based internet giant Tencent Holdings.

Israel Diamond Exchange Continues Natural Diamonds Campaign

The Israel Diamond Exchange (IDE) is continuing its “We Love Natural Diamonds” international campaign in collaboration with the World Federation of Diamond Bourses (WFDB).

The IDE’s third video in the series (https://www.youtube.com/watch?v=MPyRF-c_Wc8) was presented at the World Federation of Diamond Bourses Presidents Meeting in Dubai by WFDB President Ernie Blom, who cited IDE’s campaign as a model to be adopted by other bourses. 

Solid U.S. Retail Sales Calm Some Worries About Economy

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

Miami the Setting For De Beers’ Lightbox Jewelry Third Pop-Up Store

Lightbox Jewelry, De Beers’ lab-grown diamond brand, launched its third pop-up on Thursday in the Aventura Mall near Miami. Building upon its two previous pop-ups—the first at the Oculus in New York City last November, and the second at Westfield Century City mall in Los Angeles in February—Lightbox chose Florida as its next destination for research, marketing, and outreach to customers.

Nurturing the Next Generation of Diamantaires

If anyone in the industry wanted to know how to transform a diamond business and safeguard its future, they might do well to speak to the 25 members of the Young Diamantaires group who went on last week’s mission to South Africa.