“Blitz of Prices Rises” for Some Diamonds
October saw price rises among smaller fancies and round diamonds. According to the IDEX Price Report, published by IDEX Online, October saw “a blitz of price rises among smaller fancies (0.23-0.44 carats) and some positive movement among 0.45-0.69-carat” diamonds. The report states that, while there was a rise in demand for these “smaller, less costly […]
India’s gem and jewellery industry getting back on track
Image credit: Star Rays By July 2020, the COVID-19 pandemic had reached a rather alarming stage in India. And, not surprisingly Surat, the biggest diamond cutting centre of India was badly hit too. So, the city saw a massive exodus of diamond industry workers leaving the city in large numbers. This eventually left most […]
Antwerp’s diamond industry remains operational
As restrictions to combat a second wave of the COVID-19 pandemic tighten in countries across the globe, Antwerp continues to be operational, a communication from the Antwerp World Diamond Centre (AWDC) which was sent to the local trade community states. Last Sunday, Belgium’s Federal government, following other countries across the globe, announced new measures to […]
ZCDC working on diamond value addition plan
ZCDC Chief Executive Officer Mr Mark Mabhudhu An ambitious plan to ensure Zimbabwe generates more revenue from diamonds through value addition and beneficiation, has been set in motion while a massive global marketing of the gems will also be pursued from next year. Critically, revenue from the sale of diamonds will be channeled towards […]
US$12bn mining industry achievable
Minister of Mines and Mining Development Hon. Winston Chitando WHEN President Emmerson Mnangagwa in October last year launched a roadmap to achieve a US$12 billion mining industry by 2023 most people and economic analysts dismissed it as a highly ambitious statement of intent. The roadmap was described as hollow on how such an ambitious […]