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Latest News & Stories

De Beers and Botswana Sign Preliminary Agreements

De Beers and the Botswana government today (1 October) said they had taken a significant step towards finalizing their new sales and mining deals, with the signing of Heads of Terms. The document provides... Read More..

 
IDEX Price Report for 1 October: Rounds Keep on Falling

It was "more of the same" during September, as round prices again suffered wholesale losses, but fancies fared somewhat better. Markets remain weak, sentiment remains slow and Alrosa has halted sales for two ... Read More..

G7 Delegates Visit India Ahead of Sanctions on Russia

G7 representatives have completed a fact-finding mission to explore how India's diamond industry can comply with forthcoming sanctions on Russian stones. They aim to cause "minimal or no disruption ... Read More..

 
Another Blow for Israel's Diamond Trade

Israel's diamond trade suffered another blow in August, with rough imports down 69 per cent year-on-year and rough exports down by 80 per cent. The figures were significantly worse than July, when imports... Read More..

Hundreds Scour Surat Street for Diamonds

Crowds gathered in Surat after reports that angry traders had emptied parcels of diamonds onto the street below, in protest at plunging lab grown prices. As many as 300 people rushed to scour an area outside... Read More..

 
Arrested Jeweler "Switched Natural Diamonds with Lab Growns"

A jeweler has been arrested after customers complained that natural diamonds in items left for repair had been replaced with lab growns. Douglas Wayne Gamble, 57, is also accused of selling lab growns as natural ... Read More..