Headlines

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.

ALROSA Finds Largest Diamond In Recent Years at 191 Carats

A rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019, said diamond giant ALROSA.

The gemstone had dimensions of 40x31x20 mm and a weight of 191.46 carats. It was extracted at the processing plant N12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge.

Bharat Diamond Bourse Launches 2nd Season Of Diamond Sports League

The Bharat Diamond Bourse (BDB) announced the 2nd season of Bharat Diamond Sports League (BDSL Season -2) on 17th January at the Convention Hall, Bharat Diamond Bourse.

Sarine to Launch State-of-the-Art AI-Based Lab at Israel Diamond Week

Sarine Technologies will launch its advanced and fully automated diamond grading lab at the January 28-30 International Diamond Week in Israel (IDWI) at the Israel Diamond Exchange.