Headlines

ALROSA Appoints Rebecca Foerster Head of US Office

ALROSA announced the appointment of Rebecca Foerster as President ALROSA USA Inc.

She previously, served as Executive Vice President of Strategic Planning and Marketing at New York's Leo Schachter Diamonds, one of the United States' largest diamond suppliers.

ABN AMRO Sees Diamond Volatility, Growth Of Lab-Grown Stones

The diamond industry has moved from a relatively stable environment to a highly uncertain environment, with 2019 and the years ahead seeing lab-grown diamonds for jewelry entering a growth phase, said ABN AMRO Bank in a report.

Diamond Club West Coast Holding Lunch Meeting With LAPD

Members of the Diamond Club West Coast Inc are this week holding a meeting with officers from the Los Angeles Police Department (LAPD).

The LAPD officers will join members of the club for a round-table discussion at the diamond exchange's monthly luncheon event.

Historic London Diamond Bourse Fighting To Deal With Modern Challenges

Some names have a ring of history and tradition – and one such must surely be the London Diamond Bourse. The historic exchange, located in the heart of the historic diamond and jewelry district of Hatton Garden and just a couple of minutes away from the famous Charterhouse Street premises of De Beers, was founded in 1940.

Another Big Diamond Find For Lucara With 127-Carat Discovery

Lucara Diamond Corp. has found a 127-carat, top white gem diamond at its Karowe diamond mine located in Botswana.

ALROSA: Miner Sold $4.4 Billion Of Rough Diamonds In 2018

ALROSA reported the sale of $323.7 million of rough in December and $4.41 billion for all of 2018.

ALROSA's December sales of rough and polished diamonds increased by 38% YoY to $328.7, with polished diamond sales of $5 million.

ICICI Bank Closing Antwerp Diamond Branch by March 29

India’s ICICI Bank is withdrawing from diamond trade financing in Antwerp after more than 12 years of operations in the Belgian diamond center.

The bank has asked clients to close their accounts before the end of February as ICICI Bank UK PLC will be shutting down in the city on March 29.

Israel’s Diamond Exchange President Yoram Dvash Cautiously Optimistic About 2019

Israel’s net polished exports stabilized in 2018, totaling $4.48 billion, according to figures published by the Diamond, Gemstones and Jewelry Administration of the Israeli Ministry of the Economy.

Net polished diamond imports totaled $3.04 billion, while net rough diamond exports stood at $2.25 billion, and net rough imports totaled $2.66 billion.