Diamond Importers Might Have to Declare Russian Origin
G7 countries could oblige companies to affirm that their imported polished diamonds are not of Russian provenance, according to the US’s top sanctions official.
Rough Diamond
Significant Potential at Ekati, say New Owners
Burgundy’s $136m deal to buy the Ekati diamond mine, in Canada, is likely to extend its life “significantly”, says Kim Truter, the company’s CEO.
HRD Antwerp Hits Back at ‘Upgrading’ Allegations
HRD Antwerp has sued its former Turkish partner company following allegations the Belgian laboratory had routinely “upgraded” diamonds.
The Diamond Origin Dilemma
Russia’s invasion of Ukraine is another defining moment for the diamond industry.
De Beers Sees Further Sales Slowdown
De Beers’ sales fell at its February trading session as sightholders deferred demand to later in the year amid uncertain market conditions.
US, EU engage diamond industry on Russian diamonds
State Department and European Commission Engage Diamond Industry to Discuss Next Steps on Russian Diamonds
Majhgawan-Panna, India’s Only Mine, to Resume Operations
India’s only diamond mine will put up to 84,000 carats a year
Botswana’s diamond trade is expected to depreciate due to reduced demand
Trading in diamonds increased 41% in the last year, with Botswana also benefiting from Western consumers avoiding Russian stones as a result of its invasion of Ukraine.
How are diamonds priced ?
Polished diamond prices are derived from a variety of factors, including supply and demand, the quality and characteristics of the individual diamond, and market conditions.
Are Diamonds traceable
Diamond traceability refers to the ability to track the journey of a diamond from its source to the market.