July 2, 2012

Leviev’s Namibia diamond plant fires entire workforce

A Namibian diamond cutting and polishing plant owned by Russian-Israeli tycoon Lev Leviev "We handed out retrenchment The workers were sent on upaid leave on June 10 as a precursor…

July 2, 2012

Rough prices ‘out of kilter’ as diamond sector staggers

According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough…

July 2, 2012

Japan’s polished diamond imports up over 45% in May

After the surprise decline in Japan's polished diamond imports in April, they were revived in May, returning to the levels seen in preceding months.

July 1, 2012

Botswana diamond mine worker found dead after mine collapses

GABORONE, July 1 (Xinhua) -- A worker trapped during wall collapse in Jwaneng diamond mine in Botswana is found dead as the rescue team discovered the body later on Saturday.…

June 30, 2012

FTC reviewing jewelry industry marketing guides

As part of its systematic review of all current rules and Guides, The FTC (Federal Trade Commission) is seeking comments from members of the trade and consumers about revisions to…

June 29, 2012

‘King of diamonds’ Leviev wins court dispute over Angolan assets

Billionaire Arkady Gaydamak has lost a court bid to reclaim hundred of millions unpaid commissions and dividends from "king of diamonds" in a battle over Angolan assets.

June 28, 2012

Rockwell reports Q1 diamond sales of $5.9 million

Diamond mining company Rockwell Diamonds reported on Wednesday that its diamond sales for the first quarter of its 2013 financial year reached 6 234 ct and generated $5.9 million.

June 26, 2012

Diamonds looking good long because of Western style weddings in China and India

The rapid industrialization of China and India will be good for the diamond business, and in the next decade demand will break through the peak reached in 2006, according to…

June 26, 2012

Diamonds are now your laundry’s best friend

British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much…

June 26, 2012

Rockwell Diamonds carat production up 74% in Q1

Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.