News

News

IDI again organizing national pavilion at February IIJS Signature Show in Mumbai
The Israeli Diamond Institute (IDI) will again have a national pavilion at the IIJS Signature Show in Mumbai next month – the third year in a row – which will feature some of Israel’s top diamond companies.
Jericho mine owner Shear Diamonds disappears, says report
Shear Diamonds, which bought Canada’s Jericho mine site in 2010 following the bankruptcy of previous owners, Tahera Diamond Corp, appears to have disappeared, according to a media report.
Kennady North winter drill program in Canada reaches advanced stage
The Kennady North winter drill program in Canada has reached an advanced stage, says Kennady Diamonds Inc.
Harry Winston acquisition of Ekati to go ahead after court case withdrawn
Harry Winston Diamond Corp's US$500 million acquisition of BHP Billiton's 80-percent holding in the Ekati diamond mine in Canada's NorthWest Territories will be going ahead after a possible legal hurdle was dropped.
Japanese polished diamond imports in December largely unchanged on the year
Japanese imports of polished diamonds were largely unchanged on the year in December at $67.8 million.
Karowe mine production in 2012 comes in 12 percent higher than forecast
Output from the Karowe mine in Botswana last year was 12 percent higher than forecast at 303,060 carats, said owner, Lucara Diamond Corp.
Survey finds only slight rise in Valentine’s Day spending this year
U.S. consumers will increase their Valentine’s Day spending only marginally this year from the amount spent in 2012, according to a survey for the National Retail Federation (NRF).
Valuation of Paragon Diamond parcel confirms high-value
Paragon Diamonds said a 3.71-carat, sawable rough stone from its Lemphane kimberlite project in Lesotho has been given an independent valuation of in excess of $2,300 per carat.
Luxury goods giant LVMH posts 19% rise in revenue in fiscal 2012
LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury products group, has posted a 19-percent rise on the year in revenue to €28.1 billion for fiscal year 2012.
Israel Diamond Exchange to hold diamond sales week for global industry
The Israel Diamond Exchange (IDE) will hold a rough and polished diamond sales event called the International Diamond Week in Israel for accredited diamond dealers at the bourse in the third week of March.
The Diamond Exchange launches a new English-language website
The new website operates harmoniously with the social network site Facebook, allowing users to respond to content appearing on the new site, read and watch current articles and news items, share with others, give the site a "like", see which friends are currently online, etc.
De Beers Chairman Cynthia Carroll says focus should be on beneficiation
De Beers Chairman Cynthia Carroll, who will step down in two months, said that the company should stay focused on the beneficiation process in Africa as the Diamond Trading Company prepares to complete the transfer of sorting and sales operations to Botswana.