Headlines

Ernie Blom Writes to S. Africa Minister about Industry Needs

WFDB President Ernie Blom sent the following open letter to the Honorable Minister of Mineral Resources Mr. Samson Gwede Mantashe

Gemological Science International: Dubai Laboratory Receives EIAC Accreditation

The Gemological Science International (GSI) has announced that the Emirates International Accreditation Centre (EIAC) has approved GSI’s Dubai laboratory accreditation.

"The accreditation is valid not only in Dubai, where the GSI laboratory is located, but in all seven members of the United Arab Emirates," the GSI said in a statement. "GSI is the first and the only international gemological laboratory to achieve this accreditation. This accreditation upholds GSI's commitment to professional integrity, transparency and forward looking processes and procedures.

Alrosa CEO Sergey Ivanov Pays Official Visit to Israel Diamond Center

Sergey Ivanov, the CEO of Alrosa, paid an official visit to the Israel Diamond Exchange (IDE) last week.

He was hosted by IDE President Yoram Dvash and IDE Managing Director Eran Zini.

ALROSA – January Sales Lower Due to To Cyclical Reasons

ALROSA reported sales of $281.5 million worth of rough and polished diamonds in January, a big decline of 44% compared to January 2018.

In a breakdown of the figures, rough diamond sales came to $278.2 million, while polished diamond sales had a value of just $3.4 million.

US Retail Sales to Grow By Around 4% and Economy Is 'Sound’, Says NRF

The National Retail Federation (NRF) predicts that US retail sales this year will rise by 3.8-4.4% to more than $3.8 trillion.

The NRF said the rise will take place despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.

AWDC Says Rough, Polished Imports/Exports Were Balanced in 2018

The Antwerp World Diamond Centre (AWDC) reported that diamond trading was balanced in 2018, with imports and exports of rough and polished in line with the year-earlier figures.

Exports of polished goods were down 4.5% on the year in volume terms to 4.79 million carats, but up slightly in value to $11.45 billion.

WFDB And Korea Diamond Exchange Sign Cooperation Agreement

The WFDB and the Korea Diamond Exchange (KDE) have signed a Cooperation Agreement in which the World Federation will help with the development of the bourse which was established in 2011.

The agreement was signed in Johannesburg on February 6.

Lulo Diamonds Generates $16.7 Million In Historic Tender of Large Stones from Angola

The first competitive tender of Lulo diamonds under the terms of Angola’s new diamond marketing policy resulted in an exceptional average price per carat of US$33,530, the Lucapa Diamond Company Limited and Sodiam – Angola's state diamond marketing company – announced.