AWDC Says Rough, Polished Imports/Exports Were Balanced in 2018
The Antwerp World Diamond Centre (AWDC) reported that diamond trading was balanced in 2018, with imports and exports of rough and polished in line with the year-earlier figures.
Exports of polished goods were down 4.5% on the year in volume terms to 4.79 million carats, but up slightly in value to $11.45 billion.
WFDB And Korea Diamond Exchange Sign Cooperation Agreement
The WFDB and the Korea Diamond Exchange (KDE) have signed a Cooperation Agreement in which the World Federation will help with the development of the bourse which was established in 2011.
The agreement was signed in Johannesburg on February 6.
Lulo Diamonds Generates $16.7 Million In Historic Tender of Large Stones from Angola
The first competitive tender of Lulo diamonds under the terms of Angola’s new diamond marketing policy resulted in an exceptional average price per carat of US$33,530, the Lucapa Diamond Company Limited and Sodiam – Angola's state diamond marketing company – announced.
Israel Diamond Institute Elects Boaz Moldawsky as Chairman
Boaz Moldawsky, who has served as the Acting Chairman of the Israel Diamond Institute (IDI) for the past year, has been elected by IDI’s Board of Directors as its Chairman for a three-year term.
Israel Diamond Exchange Says 2019 International Diamond Week Best Ever
The Israel Diamond Exchange (IDE) ended its International Diamond Week in January, saying it was the largest and most successful of the events to date. It took place on the huge IDE trading floor, the largest diamond trading hall in the world.
South Korean Diamond Exchange Persuades Govt To Abolish Consumption Tax on Diamonds
Following five years of talks and intensive work by the Korea Diamond Exchange (KDE), the South Korean government has slashed taxes on loose diamonds, says exchange President Nam Chang-Soo.
The individual consumption tax was introduced in 1976 and abolished in December 2018 in time for the new year, he explained.
De Beers' First Sale Of 2019: Lower Sales On The Year
De Beers sold rough diamonds with a provisional value of $505 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018.
The figure was substantially lower than the year-earlier figure of $672 million.
DCWC President Moshe Salem Selected To Serve On WFDB Judiciary Committee
The World Federation of Diamond Bourses (WFDB) has selected Diamond Club West Coast (DCWC) President, Moshe Salem, to serve on the judiciary committee that oversees mediation and arbitration proceedings among WFDB members around the globe, the DCWC said in a press release.
A bourse whose members deal in diamonds, precious stones or jewellery is entitled to apply for membership of the WFDB provided they have been established for at least one full year under a written constitution, have a clearly designated and representative governing body, and are able to prove their means of subsistence.
Members of the bourses affiliated to the World Federation of Diamond Bourses pledge themselves to uphold the traditions, principles of mutual trust, consideration and friendship which prevail among the members of the bourses world-wide.