News

News

Rio Tinto Decides to Retain Diamond Businesses
Global mining giant Rio Tinto said that following a strategic review of its business, it decided to keep its diamond assets which some analysts have valued at more than $2 billion.
Gem Diamonds Announces Discovery of Large Diamond at Letšeng
Gem Diamonds Limited reported the recovery of a 100-carat, white, type IIa diamond at the Letšeng mine in Lesotho.
Indian Polished Diamond Exports Jump 43.1% to $1.78 Billion in May
India's polished diamond exports surged 43 percent on the year in May to $1.78 billion ‎, the Gems & Jewellery Export Promotion Council (GJEPC) reported in provisional figures.
Old-New Bank of Israel Governor: Professor Ya'akov Frenkel
After a five-month search, Professor Ya'akov Frenkel will be appointed to the prestigious position of Bank of Israel Governor, reports Israeli business daily, Globes.
Angola Wants to be KP Vice-Chair in 2014
Angola hopes to be appointed vice-chair of the Kimberley Process (KP) for 2014, Angolan vice-president Manuel Domingos Vicente told The Angola Centenary Diamond Conference on Thursday.
The Bourse organizations support the opening of the First HR Company specializing in the diamond industry
This week a new HR placement company - "Diamonds HR" opens its doors, specializing and focusing on the Israeli diamond industry.This is the first time that an HR agency will be focusing solely on the diamond industry and give a personal response to the employmentneeds of diamond companies.
G8 leaders agree on joint fight against tax havens
The eight major industrialized countries have agreed to establish an international mechanism to identify and expose firms that evade taxes. The agreement calls for the sharing of information between tax authorities around the world and for increasing transparency by international companies, TheMarker reports.
WFDB Concludes Presidents Meeting in Istanbul
The World Federation of Diamond Bourses (WFDB) has concluded its President Meeting in Istanbul which was attended by representatives of 26 international exchanges.
2013 Presidents’ Meeting of the World Federation of Diamond Bourses
No-one really profits from working in diamonds – but the producers and the banks.
IDMA Cancels Istanbul Meeting, May Meet in Antwerp in October
The International Diamond Manufacturers Association (IDMA) has canceled its participation in the Presidents Meeting in Istanbul this week due to poor interest from members.
Rio Tinto Not Under Pressure to Sell Diamond Unit, Says CEO
Rio Tinto CEO Sam Walsh said the firm's diamonds subsidiary won't be sold off under at a price that does not meet the firm's expectations, if at all.
US Posts 18% Rise in Retail Jewelry Sales in April
In the first four months of 2013, US retail jewelry sales rose by 10.6% and totaled $9.568 billion.