Headlines

System of Warranties Public Review Ends October 1, Says World Diamond Council

The World Diamond Council (WDC) is encouraging stakeholders to review the System of Warranties (SoW) during its public review period which ends on October 1.

This review period, which began on June 5, is intended to help industry participants better implement and demonstrate commitment to responsible sourcing when buying or selling rough and polished diamonds.

With New Government Support, IDE Offers Free Flights for Diamond Buyers

After years with no government backing, the Israeli diamond industry has entered a new era. That was the message brought by Israel’s Minister of Finance, Moshe Kahlon, when he visited the Israel Diamond Exchange (IDE) today for a New Year celebration on the bourse trading floor.

GIA: Single Natural Diamond Found in Large Batch of HPHT Synthetic Melee

The GIA reported an unusual discovery: one natural stone in a package containing more than 1,000 undisclosed pieces of lab-grown melee submitted to its New York City lab.

Rio Tinto Announces New Diamond Pipe At Diavik Mine

Huge mining conglomerate Rio Tinto has opened a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in the Northwest Territories of Canada.

The new open pit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the Rio Tinto operated mine, the company said.

Sarine and Lucara Diamond Corp to Collaborate on Clara Rough Initiative

Sarine Technologies Ltd has signed an agreement with Clara Diamond Solutions Corporation, a unit of Lucara Diamond Corp. which aims to change the way certain rough diamonds are sold.

Former Ivanka Trump Business Partner Being Sued by US Justice Dept

The American Justice Department is suing Moshe Lax, a friend and former business partner of Ivanka Trump, for allegedly taking part in schemes to defraud the US government out of millions of dollars in tax liabilities on his father’s estate.

Registration Opens for 7th Israel Diamond Week in New York

Buyer registration has opened for the seventh Israel Diamond Week in New York, to be held October 15-17.

The annual event, jointly organized by the Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC), is inviting bourse members, jewelers and other buyers from the New York metropolitan area and around the United States to take part in the diamond trading platform.

BDB: Visitors To Bharat Diamond Week Will Benefit From Pre-Diwali Prices

The Bharat Diamond Bourse (BDB) in Mumbai said visitors to the second edition of the Bharat Diamond Week at the bourse, to take place from October 8-10, will benefit from competitive pre-Diwali prices.