Diamond World

World Diamond Council calls for expanding the definition of conflict diamonds

The proposed definition and principles for responsible sourcing further support the reform agenda and industry’s efforts in raising standards to meet and exceed consumers’ expectations

Stornoway achieves full underground mine design capacity at Renard Mine

This marks the completion of the production ramp-up of the underground mine.

Stellar Diamonds postpones first Baoulé diamond sale to late January

Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.

U.S polished diamond imports rise 21.5% in November

U.S noted an increase in the value and volume of its polished diamond imports in November 2012.

American consumers still buying diamonds

Despite nagging high unemployment and other negative influencers, American consumers are still shopping. Last year, one of the benefactors of their spending was the U.S. jewelry industry, which posted solid sales gains versus total retail sales gains for all categories. U.S. jewelry and watch sales combined set a record high in 2011 of $68.3 billion.

India’s polished diamond exports drop 44% in May

The month of May delivered 44% drop (on yearly basis) in India’s polished diamond exports which is valued at $1.245 billion, while the volume of exports declined 50% to 2.574 million carats.

Falling Rupee stalls diamond industry

Indian firms that have borrowed funds from overseas banks would now have bear a higher burden for discharging their debts. Moreover, the diamond industry is dependent on import of rough diamonds and depreciation of rupee would push up the import cost even when prospects for exports of polished diamond might remain uncertain.

De Beers releases 2011 report to society

De Beers released the 2011 Report to Society, in which Chairman Nicky Oppenheimer, summarized the efforts of the diamond company and its contributions towards the cause of beneficiation.

World Federation of Diamond Bourses firm on disclosure of synthetic diamonds

The World Federation of Diamond Bourses (WFDB) President Avi Paz stressed his commitment to the recent alert by Diamond Trading Company and IGI regarding identification of synthetic diamonds and their disclosure.