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35th World Diamond Congress - Day 1

Photo Gallery - 35th World Diamond Congress - Day 1

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IDMA WINC 308

The Masters of the diamond world are losing control

Bloomberg’s Thomas Biesheuvel: Two buyers had their long-term contracts with Alrosa ended in April, the miner said on April 10.

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Rapaport announces his price sheet is weekly again

In April, Rapaport announced he would print his widely read “benchmark” list on a monthly basis and supplement that monthly list with a weekly “trade sheet” based on prices on his online trading service, RapNet.

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What will the retail experience of the future look like?

The world’s retailers face a host of challenges. Even before the pandemic, many brick-and-mortar retailers were struggling.

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GEM Diamonds gets “good value” for high value stones in Antwerp tender

The realised average dollar per carat price achieved compared to $1,687/carat in the first half of the firm’s 2019 financial year and the $1,506/carat achieved in the second half of the year, the firm said.

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Sodiam closes 2019 with net profit of US$27.1 million

The presence of Sodiam in the national and international market remains firm, thus contributing to Angola becoming one of the most relevant players in the diamond sector worldwide,” said Sodiam.

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GJEPC elects new chairman

The Gem & Jewellery Export Promotion Council (GJEPC) has elected Colin Shah to succeed Pramod Agrawal as chairman. Shah, the organization’s former vice chairman, will serve a two-year term from 2020 to 2022, the GJEPC said last week.

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Grib Diamonds raked in over $ 20 million at auction in Antwerp

On June 16th Grib Diamonds sold over $20M of rough diamonds from its fully owned Grib Diamond Mine in Russia. Despite the troubled times the rough diamond market is going through, Grib was able to sell more than 90% of the goods on offer and approximately 350k carats.

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Dominion Diamond sues partner in Diavik mine

Canada’s Dominion Diamond Mines is suing Rio Tinto’s subsidiary DDMI, its associate in the iconic Diavik mine, for alleged breach of contract and acting against the best interests of the partnership.

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Diamond industry faces a rocky patch due to oversupply

Historically, diamonds are among the first to experience a price crash during a ‘black swan’ event, such as the 2008 market collapse, or now the Covid pandemic. But they are also among the first to recover.

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Diamond industry faces a rocky patch due to oversupply

Historically, diamonds are among the first to experience a price crash during a ‘black swan’ event, such as the 2008 market collapse, or now the Covid pandemic.

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