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GIA Showcasing New Technology, Service At IIJS

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The Gemological Institute of America (GIA) will be showcasing its new instrument to identify mounted and loose natural diamonds, a new service that tells the digital story of a diamond, and another new service to address industry concerns about the possibility of synthetic or treated diamonds being mixed into parcels of melee at its booth […]

DPA To Launch Generic Diamond Promotion Campaign For India On July 26

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The Diamond Producers Association (DPA) will officially launch its generic diamond promotion campaign for India on July 26. The campaign will be unveiled at a business-to-business fashion showcase event titled Prelude to IIJS 2017 that the DPA and the Gem & Jewellery Export Promotion Council (GJEPC) are hosting together, a day before the start of […]

Two Indians Attempting To Steal Sarine Tech Secrets Held In Tel Aviv

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Diamond processing technology provider Sarine Technologies Ltd issued a statement saying two Indian nationals have been arrested in Tel Aviv on suspicion of attempting to illegally obtain Sarine’s confidential intellectual property. According to Sarine, a couple of months ago, its employees reported to company management that they had been approached by a third party offering […]

De Beers Q2 Production +36% To 8.7M Carats; H1 +21% To 16.1M Carats

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De Beers reported that in a year-on-year comparison, Diamond production increased 36 per cent in the second quarter of this year to 8.7 million carats. The increase is in line with higher production forecast for 2017 and reflecting stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada, the […]

ALROSA Recovers 75-Carat & 110-Carat Rough Diamonds In Yakutia

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Russian state-controlled Diamond miner ALROSA said it had recovered two large rough diamonds — a 75-carat stone on July 16 at its Aikhal mine and a 110-carat one on July 18 at its Mirny mine, both in the Yakutia region. Preliminary estimates indicate that both rough diamonds are gem-quality. They are octahedron crystals with small […]

Argyle H1 Rough Diamond Output Drops While Diavik Rises

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Rio Tinto reported a production of 3.2 million carats from its Argyle mine in Australia for the second quarter of this year. This is an eight percent drop from the second quarter production in 2016. The share of production from the Diavik mine in Canada, in which Rio Tinto holds a 60 percent stake, was […]

India Will Become Second Largest Market For Forevermark This Year

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India is expected to elbow the US aside this year to become the second largest market after China for De Beers brand Forevermark, according to the brand’s chief executive Stephen Lussier. Currently, China accounts for 50 per cent of sales, with the US and India accounting for 15 percent each. This year, however, India’s share […]

Virginia Drosos Appointed Signet CEO As Mark Light Departs

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Signet Jewelers Limited, which has recently been dogged by controversy over sexual harassment discrimination accusations by employees of its Sterling Jewelers brand, announced that its board of directors has appointed Virginia “Gina” Drosos, who has served as an independent director on the board since 2012, as the new Chief Executive Officer effective August 1. The […]

Washington Group Agrees To Buy Dominion Diamond For $1.2B

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The Washington Companies, a group of privately held mining, industrial and transportation businesses founded by entrepreneur Dennis Washington, announced that they have agreed to buy the Dominion Diamond Corporation, which owns 80 percent of the Ekati mine and partners Rio Into with a 40 percent holding in the Diavik mine in Canada’s Northwest Territories for […]

Russian Finance Minister Siluanov Re-Elected ALROSA Chairman

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Russian Finance Minister Anton Siluanov has been re-elected Chairman of the supervisory board of state-controlled diamond miner ALROSA. Head of the Republic of Sakha (Yakutia) Yegor Borisov was elected First Deputy Chairman, while Minister for the Development of the Russian Far East Alexander Galushka remains as Deputy Chairman. The supervisory board exercises general control over […]

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