Headlines

London Diamond Bourse COO Victoria McKay on the 2015 Presidents Meeting

Read an article on the Presidents Meeting by Victoria McKay where she presents her personal view on the proceedings at the June meeting in Tel Aviv.

NY DDC Inviting WFDB members To Take Part In India Diamond Week

New York Diamond Dealers Club President Reuven Kaufman has issued a formal invitation to members of the WFDB to take part in the 3rd annual India Diamond Week on the DDC's Trading Floor from August 24 to 27.

De Beers Cuts Production Target For 2015 as H1 Revenue Drops

De Beers has revised downwards its output target for 2015 as underlying earnings fell 23 percent on the year in the first half to $360 million...

IDE Holds Meeting to Discuss Industry Downturn

IDE President, Shmuel Schnitzer, "Despite the difficulties, there are opportunities because our competitors, which operate in a financial bubble that is risky, are also undergoing a difficult period and this can work to our advantage."

Namibia and De Beers Agree on New 10-year Sales Deal

The Government of the Republic of Namibia and De Beers have announced agreement, in principle, on the terms of a new 10-year sales agreement for the sorting, valuing and sales of all of Namdeb Holdings’ diamonds (production from Namdeb and Debmarine Namibia).

Alrosa Reports 22% Drop in Rough Diamond Sales

Alrosa sold 18 million carats of rough diamonds in the first half of this year for $2.1 billion a 22 percent drop from the same period last year. By contrast, the firm sold 21.1 million carats of diamonds for $2.7 billion in the first six months of 2014.

Israel Diamond Exchange Holds Polished Diamond Fair

The Israel Diamond Exchange (IDE) held a polished diamond trade fair on Wednesday in the Trading Hall of the bourse, with strong trading by the almost 60 diamond companies which participated in the first-ever such event, the IDE said.

HRD Antwerp Reports 'Natural' Shape Lab-Grown Diamonds

HRD Antwerp has reported that it has come across near- colorless lab-grown diamonds featuring octahedral and other 'natural' shapes.