Diamond – Bloomberg reported that this year, the Antwerp World Diamond Centre plans to sell 12 million carats worth of diamonds from Zimbabwe. If that happens, the country will become one of the group's six largest suppliers.
Articles Tagged "Diamond Market News"
Diamond – In a report titled The State of Global Rough Diamond Supply 2014, Paul Zimnisky states that this year, 135 million carats of rough diamonds worth $17.8 billion will be mined. He also lists the 50 mines that will produce 90 percent of those diamonds, noting that the balance will come from private or small-scale operations.
Diamond – Reuters reported that next month, the Ivory Coast plans to pressure the United Nations to lift a ban on its diamond exports. The UN Security Council put a trade embargo on the country's diamonds back in 2005 in an effort to stop their sale from "funding arms purchases."
Diamond – Reuters reported that Sotheby’s has acquired the Pink Star diamond, which sold for a record $83.02 million in November, after buyer Isaac Wolf could not pay for it.
Diamond – New Zealand's Stuff reported that people interested in purchasing diamond jewelry are increasingly choosing to buy at auction rather than from traditional jewelry stores.
Diamond – Bloomberg reported that De Beers sees global diamond demand rising by up to 4.5 percent in 2014 on the back of increased US and Chinese demand.
Diamond – In an interview with The Economic Times, Stephen Lussier, CEO of Forevermark, a De Beers brand, told the news outlet that while diamonds are becoming rarer each day, "there is no immediate crunch in terms of supply."
Diamond – On February 5, the Antwerp World Diamond Centre (AWDC) released a statement on a report drafted by the Financial Action Task Force and Egmont Group of Financial Intelligence Units, commenting that it "misses the mark as the lack of information concerning certain countries cannot deem it as representative for the whole industry."
Diamond – Rapaport reported that the Gemological Institute of America (GIA) has designed a machine whose purpose is to detect the difference between man-made and natural diamonds.
Diamond – CBC News reported that although the Northwest Territories' government announced a year ago that Deepak International would be buying two buildings from it to use for diamond manufacturing, as yet, the buildings have not been sold.