Headlines

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.  

Main Trading Centers Taking Part in Israel Buyers Wk

During the first week of September, the trading floor of the Israel Diamond Exchange (IDE) will witness a unique phenomenon: members of diamond bourses from the world's four leading diamond centers - Antwerp, Mumbai, New York and Ramat Gan - will be trading together during the Summer Edition of the International Diamond Week in Israel (IDWI).

Dieter Hahn Presented with Diamantaire of the Year Award

WFDB President Ernie Blom made a special presentation at the Presidents Meeting that caught its recipient – Dieter Hahn – off-guard.

Dieter was presented with the Diamantaire of the Year Award as Ernie Blom pointed out that Dieter has been involved in the diamond trade for more than 50 years!

London Bourse Members Gain Access to Bonded Warehouse

London Diamond Bourse (LDB) has announced the establishment of a customs-approved warehouse facility for its members, in partnership with Malca-Amit UK Ltd. This represents a significant value added service for members wishing to import goods from outside the EU.