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On Monday [May 16], the State Gemological Centre of Ukraine wrote to the chair of the Kimberley Process (KP), asking it to redefine conflict diamonds in a way that would likely shut out Russian diamonds, in response to that country’s ongoing war against Ukraine.
Debswana Diamond Co., the diamond mining company jointly owned by the government of the Republic of Botswana and De Beers Group, has named Andrew Maatla Motsomi managing director for the next five years.
The diamond and jewelry industry is seeing a surge of interest in traceability programs as companies throughout the pipeline seek to avoid Russian supply. So says Sarine Technologies CEO David Block.
Launched in 2016 during the 37th World Diamond Congress in Dubai, organized by the WFDB and the IDMA, the Young Diamantaires group now has almost 500 members from the industry’s ‘young guard’ across all market segments. To have a better understanding of this group and its objectives, and to present their fundraising project for the […]
On Wednesday [Mai 11], the largest white diamond ever to come for auction—a 228.31 ct. G VS1 pear-shape it dubbed The Rock—didn’t set any records at the Christie’s Magnificent Jewels auction in Geneva.
Press release – RapNet, the world’s largest diamond trading network with daily listings of 1.8 million diamonds valued at $8.7 billion, has banned Russian diamonds from its network.
The recent geopolitical storm pushed De Beers to accelerate the expansion of its blockchain platform, chief brand officer David Prager told Rapaport News.
Just as Covid-19 catalyzed the move to digital, the war in Ukraine may be the push the industry needs to step up its responsible sourcing.
Nongovernmental organization Resolve has launched a project to rehabilitate land affected by artisanal and small-scale diamond mining in Africa.
There’s been a lot of talk about how current sanctions language allows for Russian diamonds “substantially transformed” (i.e., cut and polished) elsewhere to enter the United States—which, some say, makes current regulations “worthless.”
Prices of fancy-color diamonds grew 1% in the first quarter compared with the previous three months amid strong market for pinks, according to the Fancy Color Research Foundation (FCRF).
With the Russia crisis constantly evolving and the US piling sanctions on Alrosa, the Rapaport editorial team outlines how the industry is adjusting to these new challenges.
