Diamond – Rapaport reported that in December, polished diamond trading saw a jump due to "last-minute holiday demand." However, for the entirety of 2013, polished diamond prices fell on the back of slower economic growth in India and China.
Articles Tagged "Diamond Market News"
Diamond – The Times of India reported that the Gems and Jewellery Export Promotion Council (GJEPC) has started trying to find out which units are secretly manufacturing synthetic diamonds in Surat. Small diamond manufacturers in Varachha and Katargam have recently come under scrutiny due to "reports of large-scale mixing of synthetic and lab-grown diamonds in the natural diamond parcels."
Diamond – LiveScience reported that scientists at the University of California, Riverside have discovered that 4.3-billion-year-old diamonds — previously seen as evidence of the Earth's first continents — are only fragments of polishing grit.
Diamond – Reuters reported that a type of rock that often contains diamonds has been discovered for the first time in Antarctica. As yet, no diamonds have been found, but researchers believe that they are likely to be there.
Diamond – Bloomberg reported that Zimbabwe's first auction of diamonds from its Eastern Marange fields following the European Union's removal of sanctions has drawn "much interest," as per the Antwerp World Diamond Centre. The prices fetched by the gems are, however, confidential.
Diamond – The Africa Report reported that diamond miners in Zimbabwe, one of the world's top diamond-producing countries, are saying that it is not economically viable for them to dig any deeper for the gems. As a result, the African nation may have to stop producing diamonds.
Diamond – Bloomberg reported that now that the European Union has lifted sanctions on state-owned Zimbabwe Mining Development Corp., Zimbabwe plans to sell diamonds from its Marange fields in Antwerp in the near future.
Diamond – Rapaport reported that Martin Rapaport, chairman of Rapaport Group, has put out an editorial on synthetic diamonds in which he lays out the measures the diamond industry should take in order to "ensure the integrity of diamonds and the diamond trade."
Diamond – Business Insider reported that a company called Algordanza is now turning human ashes into diamonds that can be ordered in different cuts and used to make jewelry. However, the process is pricey and fairly lengthy, so don't expect it to become the norm just yet.
Diamond – ALROSA (MCX:ALNU) announced that at its annual meeting with long-term customers in Antwerp, it was noted that demand for rough diamonds is "gradually recovering" after weakening midway through this year.