The global market for rough goods appears to be solid, according to the latest financial results posted by De Beers and Russia's Alrosa which jointly produce around 60 percent of global supply.
US demand for diamond jewelry was strong in the holiday season as seen in the country's polished diamond imports data for November.
India’s Gem & Jewellery Export Promotion Council (GJEPC), the country's umbrella organization for the promotion of the trades, wants tax officials to be made more fully aware of how the industry works after they confiscated polished diamonds from couriers who were returning them to their owners in Mumbai.
Sarine Technologies' subsidiary Galatea is boosting its enforcement steps against the fraudulent use of its leading Galaxy® inclusion mapping technology and systems, the Israeli technology firm said in a statement.
Gem Diamonds Limited has announced the recovery of an exceptional quality 910 carat, D color Type IIa diamond from the Letšeng mine in Lesotho which is believed to be the fifth largest gem quality diamond ever found.
Having completed his first term in office as President of the Israel Diamond Exchange (IDE), Yoram Dvash sat down with 'Rough & Polished' to discuss his achievements during his first period in office, and plans for the second term following his reelection in October.
Polished diamond prices stabilized in December following a better-than-expected holiday season, according to the Rapaport group.
There was good news for the retail jewelry industry in the United States during the Christmas holiday season with credit card giant Mastercard reporting that holiday sales increased with jewelry sales leading the way – jumping 5.9 percent.
