Headlines

De Beers' First Sale Of 2019: Lower Sales On The Year

De Beers sold rough diamonds with a provisional value of $505 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

The figure was substantially lower than the year-earlier figure of $672 million.

DCWC President Moshe Salem Selected To Serve On WFDB Judiciary Committee

The World Federation of Diamond Bourses (WFDB) has selected Diamond Club West Coast (DCWC) President, Moshe Salem, to serve on the judiciary committee that oversees mediation and arbitration proceedings among WFDB members around the globe, the DCWC said in a press release.

ALROSA Finds Largest Diamond In Recent Years at 191 Carats

A rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019, said diamond giant ALROSA.

The gemstone had dimensions of 40x31x20 mm and a weight of 191.46 carats. It was extracted at the processing plant N12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge.

Bharat Diamond Bourse Launches 2nd Season Of Diamond Sports League

The Bharat Diamond Bourse (BDB) announced the 2nd season of Bharat Diamond Sports League (BDSL Season -2) on 17th January at the Convention Hall, Bharat Diamond Bourse.

Sarine to Launch State-of-the-Art AI-Based Lab at Israel Diamond Week

Sarine Technologies will launch its advanced and fully automated diamond grading lab at the January 28-30 International Diamond Week in Israel (IDWI) at the Israel Diamond Exchange.

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.