State of the diamond industry: Where does supply go from here?
The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
De Beers’ rough sales up 21% so far this year
De Beers Group continues to see strong demand for rough diamonds, with 2022 sales pacing 21 percent ahead of last year.
Ukraine wants Russian diamonds labeled “conflict”
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 appoints new managing director
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.
Demand for diamond traceability spikes – Interview with Sarine Technologies’ CEO David Block
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.
A meeting with the Young Diamantaires and their project to support the Renaissance School in Massina
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 […]
Record-setting diamond doesn’t fetch record price
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.
Rapaport bans Russian Diamonds
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.
Russia crisis prompts De Beers to fast-track Tracr
The recent geopolitical storm pushed De Beers to accelerate the expansion of its blockchain platform, chief brand officer David Prager told Rapaport News.
A wake-up call from Russia
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.
New project aims to restore damaged mining land
Nongovernmental organization Resolve has launched a project to rehabilitate land affected by artisanal and small-scale diamond mining in Africa.
Are the Russian diamond sanctions working?
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.”
