Indian Diamond Industry Mourns the Loss of the Pioneer Diamantaire and Founding Father of the Industry, Arunkumar Mehta

Arunkumar R. Mehta, a pioneer diamantaire, a leader and founding father of the diamond industry of India, and a leading player of the international diamond industry and proprietor of Rosy Blue, one of the world’s largest diamond traders and a prominent De Beers Sight holder, sadly passed away on Sunday, June 14, 2020, at the […]

Christies First Live Online Jewelry Auction Since The Coronavirus Lockdown

Christie’s auction house has announced the holding of its first live jewelry auction, since the suspension of such auctions in March, 2020, following the worldwide lockdown caused by the global spread of the coronavirus. All auctions during the period of lockdown were conducted online, and the first live jewelry auction to be held will be […]

DPA Relaunches as Natural Diamond Council with a new Commercial Slogan – Only Natural Diamonds

The Diamond Producers Association (DPA), the apex organization that includes all leading natural diamond producers in the world, has re-launched their organization in New York on June 1, 2020, with a new identity, known as the “Natural Diamond Council” (NDC), in a move calculated to distance itself from the lab-grown diamond sector, and further consolidating […]

Police Disperse Diamond Traders at Varaccha and Mahidapura Diamond Markets in Surat

Following the relaxation of some restrictions by the authorities of Surat, the diamond cut and polish hub, after the prolonged coronavirus lockdown, with effect from Monday, the 25th of May, permitting factories and workshops to resume production, with only 50% of their workforce and following strict guidelines on hand sanitization and social distancing, desperate diamond […]

CRISIL Predicts India’s Diamond Exports for Financial Year 2020/2021 could Shrink to US$ 19 billion from US$ 24 billion in the Previous Year

The Economic Times of India reports that according to an analysis, by the Credit Rating Information Services of India Ltd. (CRISIL), a subsidiary of the American Company S&P Global, India’s diamond exports for the fiscal year 2020/2021, could shrink by a fifth of the total of US$ 24 billion realized in the fiscal year 2019/2020, […]

India Exports its First Consignment of Polished Diamonds Worth US$ 66m to Hong Kong

Under the present atmosphere of total despair and loss of hope in the Indian diamond industry, caused by the lockdown precipitated by the corona virus crisis, a welcome ray of hope has emerged from the Indian diamond centres, with the news originating from Surat, the world’s diamond cutting and polishing capital, that the first consignments […]

An Appeal for a 30-Day Voluntary Ban on Diamond Imports to India

Following an earnest appeal made by leading players among diamond producers in the world, calling on Indian manufacturers to impose a moratorium of at least three months on the import of rough diamonds into the country to enable the country’s cutters and polishers to recover from the corona virus crisis. Five trade bodies representing India’s […]

Is Import Moratorium on Rough Diamonds The Way Forward To Kick Start the Diamond Trade After Corona Virus Lockdown?

Chaim Even-Zohar, the veteran investigative diamond trade journalist in a comprehensive memo submitted to IDEX Online, on April 22, 2020, called on the Indian government to stop all imports of rough diamonds for three months so that the country’s cutters and polishers can recover from the corona virus crisis. The call was made following an […]

Ernie Blom Steps Down Temporarily as Head of WFDB Yoram Dvash is Elected as Acting President

Yoram Dvash, President of the Israeli Diamond Exchange has been elected as acting president of the World Federation of Diamond Bourses, based in Antwerp, following the decision of Ernie Blom, head of the WFDB since 2012, to step down temporarily for medical, family and personal reasons. Mr. Yoram Dvash was elected as acting president by […]

AGD Diamonds JSC Recover Unique 50.36-Carat Diamond at Grib Mine on April 13TH During Lockdown

AGD DIAMONDS JSC, owners of Grib Mine, in Archangelsk, Northern Russia. Announced on 17th April, 2020, the recovery of a gem-quality large diamond, weighing 50.36 carats, on April 13th, the second such large diamond recovered this year, at their state-of-the-art mining and processing plant, GOK Them. V. Griba. The diamond was discovered as work at […]