August 29, 2011

Ma Elected President of Diamond Federation of Hong Kong

Y.Y. Lawrence Ma has been elected for a two-year term as President of the Executive Committee of the Diamond Federation of Hong Kong. Sik Wah Leung was named honorary life…

August 29, 2011

Sahar: No Reason for Market Nervousness

De Beers and the Canadian diamond producers will maintain their current prices and supplies until the end of the year, the president of the Israeli diamond exchange claims, hinting that…

August 28, 2011

Lucara Diamond to Start Trading on Toronto Stock Exchange

Rough diamonds (illustrative) Lucara Diamond Corp. will begin trading on the Toronto Stock Exchange as of the market opening on August 29, 2011, under its current trading symbol, LUC, the…

August 28, 2011

Alrosa’s diamond sales for first half total $2.2 billion

Russia's government-owned diamond producer is reporting sales of rough and polished diamonds of $2.2 billion for the first half of 2011.

August 28, 2011

No Rough Shortages in the Long Run, Astronomers Say

The recent reports of possible rough diamond shortages due to no major resource discoveries may have been premature. A new source may have been found with only one shortcoming –…

August 28, 2011

Japan’s Taste for Value over Volume Strengthens in June

As Japanese consumers increase their purchases of high-ticket items, the country's imports of diamonds also reflect a less for more trend. Polished diamond imports in June increased 18.1 percent in…

August 25, 2011

Over the counter trade in Russia values Alrosa at $8.6 billion

Interfax reports Russia state-owned diamond miner Alrosa is up 22% on the country's trading board for unlisted stocks since it was first quoted there on July 18. The price of…

August 25, 2011

The secrets of diamond mining are forever

24/7 Wall St says the global diamond mining industry may be one of the world’s best-kept secrets and diamond mining is not unlike the oil business, where about 100 massive…

August 25, 2011

Signet Q2 sales up 11% to $797.6 million

Signet Jewelers Limited reported a 10.8 percent increase in sales to $797.6 million in the second quarter. Same store sales at the world's largest specialty retail jeweler popped 9.9 percent…

August 25, 2011

32.7 carat vivid yellow diamond expected to fetch $6 million

A 32.77 carats fancy vivid yellow diamond will be offered at Christie’s Magnificent Jewels auction in New York on October 18. The diamond is expected to find a buyer willing…