News

News

Gahcho Kué Construction Finished, Output To Start
Gahcho Kué is the world's largest new diamond mine and projected to produce an average of 4.5 million carats a year over a 12-year mine life.
Rio Tinto Diamond Posts Rise in Sales in First Half of 2016
Rio Tinto said it aims to see production of 18 to 21 million carats this year.
Update From Yoram Dvash on Credit Situation
IDE President Yoram Dvash: "In recent weeks, the bourse has established a professional committee to manage the issue of the unilateral change of policy by Bank HeBenleumi and we met with the Bank of Israel Governor and the Supervisor of Banks."
Foreign Buyers Attend Israel Summer Blue & White Show

IDE President Yoram Dvash spoke about the recent toughening of credit conditions by the Bank HaBenleumi, saying: "There is no possible reason that organizations working with the diamond sector should carry out such a step relating to submission of collateral."

De Beers Reports Sales of $520M For 6th Sight
De Beers' sales have been dropping since the start of the year when inventory build-ups led to robust sales.
De Beers Posts Rise in Revenues, Profits in H1 2016
De Beers repeated its outlook for annual output in 2016 of 26 to 28 million carats, compared with 29 million carats in 2015.
ALROSA Posts Strong Rise in Sales in First Half of 2016
ALROSA expects to produce 37 million carats this year, from 39 million carats in 2015.
Israel’s Polished Diamond Exports in 2015: 9.34M Cts

Israel exported $2.79 billion of diamonds last year with an average price per carat of $299.50. Russia remained in first place as the top producer with 42 million carats.

IDE Invites Buyers from Abroad to Blue & White Fair on August 2
The event started out as an internal bourse fair and for the first time foreign buyers are being invited to take part.
Russia Extends Lead Over Botswana as Producer
Russia continued to mine diamonds last year despite soft demand globally while production in Botswana was redcued.
Retailers in United States Post Jewelry Sales Rise
Good news for American jewelry retailers as sales increase.
Dates Set For Next Edition of International Diamond Week

The next International Diamond Week in Israel will be held from February 13 to 16.