News In Brief
De Beers has reportedly been selling rough diamonds to a select group of sightholders at discounts of 10% to 20% below its official price list, according to Bloomberg…
Hong Kong’s polished diamond imports dropped 14% to $2.73 billion in the first quarter, while exports declined 18% to $2.53 billion...
The World Diamond Council (WDC) welcomed meaningful progress toward expanding the Kimberley Process (KP) definition of conflict diamonds at the recent intercessional meeting in Dubai…
India’s polished diamond exports dropped 6% year on year to $1.11 billion in April, with export volume down 11% to 1.36 million carats…
Belgium’s polished diamond exports fell 4% year on year to $543.3 million in April, while polished imports dropped 27% to $446.7 million...
Richemont’s jewelry maisons reported 12% year-on-year growth to EUR 3.74 billion ($4.19 billion) in the fourth quarter ended March 31.
Lipari Mining’s first quarter sales more than doubled to $3.7 million, as the company ramped up underground operations at its Braúna diamond mine in Brazil...
Christie’s Magnificent Jewels sale in Geneva brought in CHF 60.5 million ($72.2 million), led by a 6.24-carat, fancy deep blue, VVS2 diamond and ruby Boucheron ring that fetched CHF 10.6 million ($12.7 million)...
