The formation of the new diamond promoting organization “The International Diamond Board” has been announced. According to JCK online this was made public by a press release distribution by the mining group “Rio Tinto”.
The shares of the online retailer Blue Nile NASDAQ:NILE were up on Tuesday after Citigroup upgraded the company from ‘hold’ to ‘Buy’. The shares soared by up to 11%.
Analysts say that improving polished diamond prices
Despite the weak demand and falling prices of rough diamonds this year De Beers is expecting to make a profit. According to rapaport news De Beers is hoping to cut $1.5 billion in operational and capital costs which would
The head of the investigating team from the Kimberly Process Certification Scheme which monitors blood diamonds, Mr Kpandel Fayia has accused the Zimbabwe military for gross human rights violations.
According to the financial
The Dubai Diamond Exchange (DDE) has set up a state of the art diamond boiling facility in the Almas Tower.
Boiling of diamonds removes dirt and other trace materials from rough and polished gemstones. Boiling is very useful
Gitanjali, the Mumbai based jewelry firm has acquired a 70% stake in the mobile retail chain Mobile NXT Teleservices Pvt Ltd a Bangalore based firm. The purchase was made by Gitanjali Lifestyle Ltd a subsidiary of the Gitanjali
Russia’s Gokhran, the state owned Precious Metals and Gemstone Repository bought US$384 million (12 billion Ruble) worth of rough diamond from Alrosa according to interfax. The amount is also said to include $118
The World Federation of Diamond Bourses (WFDB) held its first ever Asia Summit Meeting on June 29 in Hong Kong. The main aim of the meeting was strengthening of ties with its member diamond bourses in Bangkok, Hong Kong,
According to research carried out by IDEX Online, there has been a drop in the sharp decline in the demand for jewellery in the US. This is good news for everyone in the industry.
The first quarter sales, 2009 were down
Cameroon is expected to start mining diamonds next year.
Oscar Matip, the Director of Mines and Geology at the Ministry of Industry, Mines and Technological Development told reporters on the 25th that “mining could begin a year from now.