IDEX Online

Japan's polished diamond imports start to cool

Japan imported $72.3 million worth of polished diamonds in January, starting the year with a decline compared to January and signaling the end of a nine-month long rise in diamond demand.

Diamond Dealers Club of South Africa re-elects exec committee

The Diamond Dealers Club of South Africa today (Monday) announced that all of the members of its executive committee have been re-elected for a new term during its annual elections.

Sharp drop in diamond exports from Botswana in January

For the fourth consecutive month, diamond exports from Botswana have declined. The diamond producing country exported $109 million worth of diamonds in January, the lowest export level since August 2009.

Rio Tinto's Diamond Income +6.6 pct in 2011

Heavy rains at Argyle (above) in 2011 led to lower production and a need to add $0.5 billion to the underground project (IDEX Online News) – Rio Tinto diamond revenues increased 6.6 percent to $727 million carats in 2011. The company was hard hit...

De Beers Appoints Anglo Head of Corporate Finance as CFO

De Beers appointed Gareth Mostyn as the company’s Chief Financial Officer. Mostyn, currently head of corporate finance at Anglo American, will begin in his new role on February 1 and will be based in London.

Israel Exchange Raided Again by Police

The Israeli police are again in the Israel Diamond Exchange complex. The on going police investigation is causing a disruption in the daily trading at the exchange.

DEF holds first annual good awards

Helping 2012 get off to a good start, the Diamond Empowerment Fund (DEF) held its inaugural “GOOD Awards” in New York last week.

Gaydamak: Leviev Owes Me $2 Bln for Angolan Diamond Deals

Russian oligarch Arcadi Gaydamak has filed a complaint against Lev Leviev with the Israel Police, claiming that Leviev owes him $2 billion in unpaid diamond trading commissions.

Polished Diamond Prices Post 17% Gain in 2011

Polished diamond prices rose by a solid 17 percent during 2011, according to the IDEX Online Polished Diamond Price Index. This index confirmed that polished diamond prices are now above pre-recession levels, after two weak years.

IDEX Online Research: Diamonds Are Specialty Jewelers’ Most Important Category

Diamond jewelry represents by far the most important product category for American retail jewelers, according to newly released data from the Census Bureau’s Economic Census.

Japan’s preference for higher value diamonds continues

After the pre-holiday season restocking phase in September and October, Japan’s polished diamond imports eased to $62.1 million in November.

Safe with diamonds stolen from polishing plant

Investigators have been left baffled about one of the oddest thefts in diamond history following the theft of a small safe from inside a larger safe, with no signs of forced entry and without the alarm being set off.

Lazare Kaplan: Banks Stole $135 Mln, Bankers Received Bribes

Lazare Kaplan International is suing KBC and the Antwerp Diamond Bank for allegedly stealing $135 million, claiming that the banks cooperated with diamond trader Erez Daleyot. LKI, which is seeking $500 million in damages, further claims that bank exec...

Bad News, Rough Diamonds and the DTC, Top 10 News Stories of 2011

From rough diamond prices and bold thefts to tax raids and terrorist attacks in Mumbai, there is nothing like a juicy chunk of bad news, as the ten most read news stories of the year prove.

IDEX Online Research: Jewelry Sales Eclipses Most Other Retail Categories

Jewelry sales have been one of the strongest merchandise categories for specialty retailers in the American market, based on retail sales trends for the first nine months of 2011.

Large Retailer and More Diamond Companies Achieve RJC Certification

The list of certified Responsible Jewellery Council members keeps growing.

Inhorgenta Munich Expands to Meet Rising Demand

A positive sign for the jewelry trade in Europe – demand for exhibition space at the Inhorgenta Munich trade show for jewelry and watches is very high, the organizers reported.

Security Council Extends Mandate of Panel of Experts on Liberia Sanctions

The Security Council asked the Panel of Experts monitoring compliance with sanctions imposed on Liberia to "cooperate actively with the Kimberley Process," as it extended its mandate by another 12 months.

Israel industry looks to Mumbai for starting the year

The Israeli diamond industry is starting the year at the IIJS Signature Show in Mumbai, India, the Israel Diamond Institute announced.

IDEX Online Rough Report: It Was the Best and Worst of Times

2011 was a rollercoaster year for the rough diamond sector of the industry. IDEX Online Research looks at the prices, drivers and trends, as well offers the full results of BHP Billiton's last auction of the year.

Appeals Court Upholds De Beers Settlement Case

The U.S. Court of Appeals for the Third Circuit issued an opinion Tuesday upholding the settlement in the class action litigation against De Beers for allegedly conspiring to monopolize the sale of rough diamonds.

GIA Expanding Into Japan

GIA has announced plans to establish a laboratory in Japan in 2012. The decision comes as GIA as experiencing a surge in the lab's services, creating a backlog of a number of weeks.

GIA First laboratory Certified by RJC

GIA has achieved certification by the Responsible Jewellery Council. GIA is the first gemological laboratory that achieves RJC certification.

Eshed Diam Honored by Israel-Asia Chamber of Commerce

The Israel-Asia Chamber of Commerce has honored Eshed Diam for its outstanding contribution to expanding Israel's exports to Asia in 2010.

NRF Upgrades Holiday Sales Forecast to $469.1 Bln, Up 3.8%

It may not be a white Christmas this year, but it is certainly going to be a green one, at least according to the National Retail Federation (NRF). The world’s largest retail trade association today announced that it has revised its initial holiday f...