News

Belgium's net diamond account for January-May rose 78.3 percent year on year to $640 million.

Since January 2012, tax on imported gold has risen eight times, while the rupee has lost 10% of its value against the US dollar.

The second tender of 2013 is underway for diamonds of 10 carats and larger, following an agreement between Alrosa and Israel Diamond Exchange President Yair Sahar.

Alrosa subsidiary Almazy Anabara has completed the purchase of alluvial diamond miner Nizhne-Lenskoe for close to $217 million. The deal was financed by the issue of new short-term debt.

Auction house Christie’s raised $13,424,431 at its sale of Important Jewels in London.

Donna Baker, the President and CEO of the Gemological Institute of America (GIA), has resigned "due to differing views on the direction of GIA".

During the visit, Capello along with IDE President Yair Sahar and members of the leadership of the exchange visited the rough diamonds Trading Hall, the Diamond Museum, and discussed the common qualities needed to succeed in both sport and the diamond trade.

A jadeite ring by designer Anna Hu called Orpheus comfortably beat its pre-sale estimate at Christie's Magnificent Jewels Auction in Hong Kong.

South Africa's Mineral Resources Minister Susan Shabangu said the removal from power of the Central African Republic (CAR) president and concerns that rebels are being financed by conflict diamonds has shown the pivotal role the Kimberley Process (KP) plays.

The Israel Diamond Institute Group of Companies (IDI) will host the largest diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 20 - 23, 2013.