India Still Fighting G7 Sanctions
The Jewelry Magazine » Diamond Jewelry
by TJM
1w ago
The G7 sanctions on Russian diamonds will hurt India most, says the country’s external affairs minister, Subrahmanyam Jaishankar. “Our effort is to delay [this ban], to soften it and best of all, not let this happen at all,” he told young business leaders in Surat last week. “For us this has become a priority issue, […] The post India Still Fighting G7 Sanctions appeared first on The Jewelry Magazine ..read more
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GSI Launches B2B GSI Stock Exchange Platform
The Jewelry Magazine » Diamond Jewelry
by TJM
3w ago
Gemological Science International (GSI) has launched a platform B2B GSI Stock Exchange, which offers both natural and lab-grown diamonds to aid jewellery manufacturers in sourcing goods. The platform offers not only loose diamonds but also specific products like matched pairs. Debbie Azar, President and Co-Founder of GSI. “At GSI, we are always looking for innovative […] The post GSI Launches B2B GSI Stock Exchange Platform appeared first on The Jewelry Magazine ..read more
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Okavango Joins Natural Diamond Council
The Jewelry Magazine » Diamond Jewelry
by TJM
3w ago
Okavango, Botswana’s government-owned rough diamond marketing company, has joined the Natural Diamond Council (NDC). It is the first non-mining diamond company to be admitted as a member of NDC, the US-based not-for-profit organization that promotes natural diamonds. The Okavando Diamond Company (ODC) sells over 6m carats a year, all sourced from Debswana, a 50/50 joint […] The post Okavango Joins Natural Diamond Council appeared first on The Jewelry Magazine ..read more
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Dubai Diamond Trade In 2023 Up 2% To $38.3 Billion: DMCC
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
DMCC reported that total rough and polished diamond trade in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound annual growth rate of 11%. Polished diamond trade was up 32% year-on-year to $16.9 billion, consolidating UAE’s status as the world’s leading diamond trade hub for rough and polished, DMCC said. […] The post Dubai Diamond Trade In 2023 Up 2% To $38.3 Billion: DMCC appeared first on The Jewelry Magazine ..read more
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41-ct Yellow Diamond Sells for $1m
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby’s New York sale of jewels from a mystery collector. The natural color, VS2 clarity stone (pictured) was among the highlights of From the Vault Exceptional Signed Jewels, on 7 March. The estimate was $800,000 to $1.2m. The sale realized a total of $8.4m, […] The post 41-ct Yellow Diamond Sells for $1m appeared first on The Jewelry Magazine ..read more
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Human Rights and Diamond Smuggling: US Sanctions Zimbabwe President
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
The US has sanctioned Zimbabwe’s President Emmerson Mnangagwa for human rights abuses, corruption and smuggling gold and diamonds. The Treasury’s Office of Foreign Assets Control (OFAC) designated Mnangagwa and 10 other individuals, including his wife, on 4 March. “The United States remains deeply concerned about democratic backsliding, human rights abuses, and government corruption in Zimbabwe,” […] The post Human Rights and Diamond Smuggling: US Sanctions Zimbabwe President appeared first on The Jewelry Magazine ..read more
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41-ct Yellow Diamond Sells for $1m
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby’s New York sale of jewels from a mystery collector. The natural color, VS2 clarity stone (pictured) was among the highlights of From the Vault Exceptional Signed Jewels, on 7 March. The estimate was $800,000 to $1.2m. A Van Cleef & Arpels gold and […] The post 41-ct Yellow Diamond Sells for $1m appeared first on The Jewelry Magazine ..read more
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215-ct Diamond is Biggest in Liqhobong’s History
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
Firestone Diamonds is in the process of selling the largest diamond ever recovered from its Liqhobong mine, in Lesotho. The 215-carat stone is being put to a competitive bidding tender process, with viewings in Antwerp and Dubai. “This sale represents another milestone in our ongoing efforts to deliver value to stakeholders,” said Firestone in a […] The post 215-ct Diamond is Biggest in Liqhobong’s History appeared first on The Jewelry Magazine ..read more
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IDEX Price Report for 1 March: Rounds and Fancies Down
The Jewelry Magazine » Diamond Jewelry
by TJM
1M ago
Prices fell during February after what now appears to have been a false start to the recovery in December. Losses dominated among almost all sizes of goods, much as they did during January. Demand is slow and markets are quiet after the holiday season, Valentine’s Day and the Chinese New Year. Rough supply remains slow […] The post IDEX Price Report for 1 March: Rounds and Fancies Down appeared first on The Jewelry Magazine ..read more
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De Beers and Angola Diamond Companies Join Forces
The Jewelry Magazine » Diamond Jewelry
by TJM
2M ago
De Beers has strengthened its ties with Angola in a move aimed at increasing the country’s diamond production. It has signed a memorandum of understanding (MoU) with Angola’s National Mineral Resource Agency, and its state-owned mining and trading companies – Endiama and Sodiam – that is also designed to support the alluvial mining sector and […] The post De Beers and Angola Diamond Companies Join Forces appeared first on The Jewelry Magazine ..read more
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