Headlines

Gem Diamonds Informs Market Of Q2 Trading Performance

Gem Diamonds Limited has provided the following Trading Update detailing the Group’s operational and sales performance for the Period from 1 January 2019 to 30 June 2019:

IDE Launches Second ‘Fly to Buy’ Campaign

Based on the success of last year’s ‘Fly to Buy’ campaign, the Israel Diamond Exchange (IDE) today announced that the second ‘Fly to Buy’ event will be held from September through December 2019. The promotion is being held in collaboration with the Israel Ministry of Economy.

‘Fly to Buy’ offers overseas diamond buyers up to $1,000 to cover the price of their flight tickets, if they purchase at least $150,000 worth of diamonds during their visit to the exchange, and have stayed on the trading floor for at least two hours each day.

Trump Adds Diamonds and Jewelry to US List of Chinese Imports Subject to 10% Tariff

President Donald Trump said that the U.S. is putting 10% tariffs on another $300 billion worth of Chinese goods, effective September 1. This means that starting at the beginning of next month, every single good coming into the U.S. from China, except those with exemptions, will be subject to an import tax. Called the 'tranche four' tariffs, the list includes rough and polished diamonds (whether or not worked), loose 'synthetic ...

BDB's Mehta and Shah Hold Successful Meetings at SDE on Bharat Diamond Week

Bharat Diamond Bourse (BDB) President Anoop Mehta and Vice President Mehul Shah report a positive outcome from meetings the Mumbai exchange leaders held at the Shanghai Diamond Exchange (SDE) on the issue of the 2019 Bharat Diamond Week.

The presentation on the October 14-16 Bharat Diamond Week was attended by 20 Chinese companies that are members of the SDE and the response was very good.

IDE Releases Second Video in Global Campaign to Promote Natural Diamonds

The Israel Diamond Exchange (IDE), which earlier this month launched a global campaign to promote natural diamonds in cooperation with the World Federation of Diamond Bourses (WFDB), released the second video in the "We love natural diamonds" series today.

The international campaign is aimed at differentiating natural diamonds from lab-grown and other synthetic stones. It is intended to show consumers the significant differences between natural diamonds that are billions of years old and whose value and beauty are preserved forever, and synthetic factory-produced diamonds.

Bharat Diamond Bourse getting into high gear for Diamond Week

The Bharat Diamond Bourse is getting into high gear ahead of the Bharat Diamond Week at the exchange which runs from October 14-16.

Priority will be given to visitors who are members of bourses affiliated to the World Federation of Diamond Bourses (WFDB), but all members of the diamond trade across the world are welcome to participate.

De Beers CEO: Diamond Industry Malaise Will Pass

The current malaise in the diamond industry is serious, but it will pass, De Beers Group chief executive officer Bruce Cleaver told JCK following the release of the company’s financial results.

De Beers H1 Profits Slump As Consumer Demand Falls

De Beers reported that its total revenue decreased by 17% to $2.6 billion (30 June 2018: $3.2 billion), with rough diamond sales declining by 21% to $2.3 billion (30 June 2018: $2.9 billion).