Headlines

DPA Appoints Kristina Buckley Kayel As N. America Managing Director

The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has appointed Kristina Buckley Kayel as Managing Director of its North American division.

Synthetic Diamond Maker Scio Diamond Bought By Adamas One Corp

Scio Diamond's assets are being bought by a Nevada company called Adamas One Corp.

According to the deal between the firms, Adamas will pay $3.3 million to take care of the lab-grown diamond maker's secured debt over a period of 18 months.

Dubai Diamond Exchange Joins GJEPC’s MyKYCBank Platform

The Dubai Diamond Exchange (DDE) is to join the MyKYCBank platform of India's Gem & Jewellery Export Promotion Council, the two organizations announced.

Executive Chairman of DMCC and DDE Chairman Ahmed Bin Sulayem and GJEPC Chairman Pramod Kumar Agrawal signed the agreement which enables DMCC members trading in diamonds, gold and precious stones to join the MyKYCBank platform.

Kristall's CEO Maxim Shkadov Leaving To Manage ALROSA Merger

Maxim Shkadov, the Director General of Russia's Kristall (Smolensk), the largest diamond manufacturer in Russia, is leaving the company to join ALROSA.

He will be involved "in the issues of integration of ALROSA and Kristall, the two largest Russian enterprises in the field of production and manufacturing of diamonds," Kristall said in a statement.

Motivated Board Keeps Diamond Club West Coast Punching Above Its Weight

One of the WFDB's most active diamond bourses, particularly in light of the number of its members, is the Diamond Club West Coast Inc in Los Angeles.

Club President Moshe Salem, Co-Vice-President Mervyn Hahn, and board members are rightly proud of the wide range of activities the Club holds on a regular basis, along with a dynamic weekly newsletter.

Global Jewelry Sales Rose 4% In The Third Quarter, Says ALROSA

ALROSA, the world's leading diamond producer by volume, reported an increase in global jewelry sales 4% overall in the third quarter of 2018 – mostly due to a rise in sales in the United States.

There was a 4% sales increase in Q3 compared to the same period last year in North America, the largest diamond jewelry market, the miner said.

De Beers Reports Rough Sales Up Due to Indian Firms After Diwali

Diamond mining giant De Beers sold rough diamonds with a provisional value of $540 million in the 10th and final sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

The miner's two previous sales had both been below $500 million.

Zimbabwe's Mines Minister Says De Beers, Vast Resources To Be Allowed To Explore

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, said the country's Mines Minister Winston Chitando.

That would make them the first listed companies to mine in the country for several years.