2020 October

Alrosa plans to integrate all its facilities to a new production framework in 2021. Russian mining giant Alrosa has begun to combine its cutting and polishing facilities into  a “single production framework”, according to a press release. To date, Alrosa has three cutting and polishing facilities across the country, all together responsible for more than

Image: Yoram Dvash – (Israel Diamond Exchange)   The week of September 14 was as momentous as they come for Yoram Dvash. The 56-year-old head of the Israel Diamond Exchange was elected president of the World Federation of Diamond Bourses (WFDB), having served as its interim leader since April, while his office facilitated the biennial

A Sotheby’s employee holds a 102.39-carat D Color Flawless Oval Diamond during a media preview at Sotheby’s in New York last month. (Photo by Angela Weiss, AFP via Getty Images   Diamonds are starting to sparkle again after a 10-month slump with jewelers hoping that the recovery will accelerate in the lead up to Christmas,

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations and international associations, CIBJO is the industry’s oldest international organization, having been established in 1926. In 2006,

After being virtually shut down since March, the diamond market has slowly started to come back to life. This fall, De Beers, the world’s largest diamond producer by value has reported a growing momentum in sales; several small producers reported their first regular diamond tenders in Antwerp in September; and mines such as Renard in

The normalization agreement has opened direct flights and bank dealings with the UAE. The strengthening relationship between Israel and Dubai is already affecting the diamond trade: According to IDEX Online, diamond traders from Israel “are flocking to set up offices in Dubai”. 38 Israeli have approached the Dubai Multi Commodities Centre (DMCC), home to the

A 14.83-carat fancy vivid purple-pink internally flawless diamond will be the top lot at Sotheby’s Geneva Magnificent Jewels and Noble Jewels auction on November 11. It is the largest vivid purple-pink diamond ever offered at auction. Its estimate is $23 – $38 million. Named the “The Spirit of the Rose,” it also is one of

Dubai, with $21.2 billion in diamonds traded last year according to DMCC, and Israel, with around $12 billion according to its exchange, are Middle East’s main diamond centers; local traders say they are inundated with Israeli inquiries.The week that Israel and the United Arab Emirates normalized ties, Israeli diamond trader Zvi Shimshi headed to the

Four engineers from Surat whose families have been in the business of diamond manufacturing and trading, have developed a mobile application for small and medium scale businessmen dealing in diamonds and jewellery to sell their wares in India and abroad. The app, Diamond Merchant, which was launched two weeks ago for Android and IOS phones

THE newly appointed Zimbabwe Consolidate Diamond Company (ZCDC) chief executive officer (CEO) Mr. Mark Mabhudhu says he is prepared to contribute towards Zimbabwe’s mining sector growth, which feeds into President Emmerson Mnangagwa’s broader vision of transforming the country into an upper middle income economy by 2030. Zimbabwe’s diamond sector alone, is projected to contribute US$1