Headlines

OPIC, Standard Bank Group Sign $125M Loan Guaranty For Botswana

Stanbic Bank Botswana, a member of the Standard Bank Group, the American government's Overseas Private Investment Corporation (OPIC), and Botswana Finance LLC, a subsidiary of Lazare Kaplan International (LKI), have signed a $125 million loan guaranty.

Diamond Producers Association Launches ‘Real is Rare’ Campaign in Telugu

The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has launched its integrated marketing campaign ‘Real is Rare’ in India in the Telugu language.

Mumbai Bourse Putting Final Touches To Bharat Diamond Week

The Bharat Diamond Bourse (BDB) is gearing up for the opening of the second edition of the Bharat Diamond Week.

The October 8-10 polished diamond fair will be opened by Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai, and Evgeny Agureev, Director of ALROSA's United Selling Organisation.

De Beers' IIDGR Launches Advanced Synthdetect Synthetic Screening Device

De Beers' International Institute of Diamond Grading & Research (IIDGR) has announced the introduction of SYNTHdetect XL, an advanced version of the highly successful SYNTHdetect synthetic screening device launched last year.

Hundreds Register For Bharat Diamond Week

The Bharat Diamond Bourse (BDB) says more than 300 visitors from India and overseas have already registered for the October 8-10 second edition of the Bharat Diamond Week.

Hundreds more buyers are foreseen registering ahead of the polished diamond fair. The first edition of the show, held from April 23-25, was attended by more than 1,000 visitors from India and across the world who did business with 100 Indian exhibitors of polished goods.

Israel Diamond Exchange Launches ‘Fly To Buy’ Campaign

The Israel Diamond Exchange (IDE) is to run a new campaign to encourage international buyers to purchase diamonds at the bourse called ‘Fly to Buy’.

The campaign will enable diamond buyers to fly to Israel for free from October to December 2018, if they purchase $150,000 worth of diamonds during their visit to the exchange. The cost of the flight will be reimbursed up to $1,000.

Petra Diamonds CEO Johan Dippenaar Leaving Mining Firm

Petra Diamonds Limited said long-time CEO Johan Dippenaar, will be stepping down after 12 years.

Chairman Adonis Pouroulis said: "Johan has led Petra through a long period of significant growth, taking the company’s annual production from approximately 175,000 carats in FY 2006 to 4.6 million carats in FY 2018, and establishing the company as a leading independent diamond producer. As Petra now approaches the final stage of its expansion plans, it is positioned to reap the benefits and, in line with the Nomination Committee's succession plan, a successor for the CEO position will be appointed in due course. Johan will continue in the role of CEO until this time and will work closely with the Board to ensure an efficient handover. I would like to take this opportunity to express the Board's sincere gratitude for all that he has done for Petra. We look forward to updating the market with new non-executive appointments in October."

ALROSA Launches First 'True Colours' Auction Of Large Colored Stones

ALROSA, the largest diamond mining company in the world, presented the first of its kind collection of large colored diamonds at the Hong Kong Jewelry & Gem Fair.

The company said it was part of a new strategy to become the world leader in the production of colored polished diamonds.