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The diamond sector in Surat is experiencing rising losses and payment defaults. This is causing uncertainty for workers in India’s diamond capital. It is estimate 70 to 80 percent of workers are affected by retrenchment, pay cuts and reduced working hours. To address this crisis the diamond producers are considering holding the import of rough … Read more

Shmuel Schnitzer  IDE’s president, said The Israel Diamond Exchange will appoint arbitrators deal with transactions of treated diamonds certified determined by the Gemmological Institute of America (GIA). He explained that the bourse decided it would enable arbitration hearings to restore business confidence and given the lack of any significant updates in the GIA’s investigation. The … Read more

De Beers Diamond mining Groups Kimberley Mines are no longer in the company’s strategic plan. De Beers has been mining at Kimberley South Africa for more than a century, said it hoped to conclude the sale in a matter of months. De Beers produced 722 000 carats of diamonds at Kimberley in 2014. In 2011 … Read more

Diamonds certified by the GIA had an undisclosed treatment which fades over time, but improves their colour by as much as three grades. GIA is asking anyone in trade stocking these potentially treated stones to turn them back into the GIA for re-examination. The majority of the GIA certified diamonds are one carat or larger, … Read more

The updated equipment will have production capacity of up to 700 stones per day. The new diamond center incorporates miners, diamond dealers, cutters and polishers, jewellers, financial institutions and government regulatory authorities. This centralises the diamond industry and can address accountability, security and transparency in the Zimbabwean diamond industry. Zimbabwe has realised, the country is … Read more

Lucara’s Karowe diamond mine in Botswana has produced a 341.90 ct type IIa rough diamond gem while processing kimberlite from the central and south lobe interface. The diamond will be sold along with two other stone weighing over 100 cts each.

DCLA Diamond Certificate     Prices GST exclusive Up to   0.39ct          $65.00 0.40 –  0.69ct           $85.00 0.70 –  0.99ct           $100.00 1.00 –  1.49ct           $115.00 1.50 –  1.99ct           $125.00 2.00 –  2.99ct           $150.00 3.00 –  3.99ct           $175.00 4.00 –  4.99ct           $200.00 5.00 –  9.99ct           $250.00 Over   10.00ct         $500.00   LASERLOGO SYMBOL                                                                             $30.00 LASER INSCRIPTION DCLA CERTIFICATE                                                 … Read more

An unnamed diamond trader is suspected of stealing diamonds valued at around US$1 million from several dealers in the Johannesburg diamond center in South Africa, according to a report in The Star. The diamonds were apparently handed over to the diamond trader with the expectation that payment for them would be made within a few … Read more