Value of diamond production up 45% in one year

Global production of diamonds increased 10.8% in 2010 compared to 2009, and its value soared by 45.2%, as the world economy improved and demand for diamonds restored. The Kimberley Process Certification Scheme, which tracks production and trade of rough diamonds to end trade in conflict diamonds, released on Wednesday the latest annual data, covering 2010. According to the KPCS data, global diamond production in 2010 totaled 133.1 million carats worth $12 billion.

IDEX Online | August 3, 2011 | 10:41 am

Mumbai diamond broker succumbs to blast injuries

Vallabhai Gadhia, a 48-year-old diamond broker, died at Mumbai’s Saifee Hospital as a result of complications arising from injuries he sustained in the bomb blast on July 13 at the city’s diamond Opera House area.

IDEX Online | July 29, 2011 | 5:13 am

BHP Billitons diamond production falls in past year

BHP Billiton’s diamond production suffered a double-digit d rop in the fiscal year, the miner reported on Wednesday. The company mined 2,506,000 carats, an 18% year-over-year drop.

IDEX Online | July 20, 2011 | 10:33 am

Cautious response to sight in India, premiums expected to shrink

The Indian diamond industry’s reaction to the latest DTC Sight has been guarded. Business sentiment has been depressed over the last several days in the wake of the bomb blasts that rocked the city and claimed the lives of several diamond industry pr...

IDEX Online | July 19, 2011 | 9:13 am

Sight prices up across the board

Cashing in on continued demand for rough diamonds, prices at the Diamond Trading Company’s Sight this week were increased for almost every single box. With few exceptions, prices were hiked by 5%-10% across the board. According to initial reports, an...

IDEX Online | July 19, 2011 | 9:02 am

Despite terrorist attacks, Israeli firms insist on IIJS

Israeli diamond traders, very familiar with terrorist attacks and how it affects business activities, are not wavering from their commitments to furthering ties with their Indian counterparts.

IDEX Online | July 18, 2011 | 7:49 am

IDEX Online Research: bridal market to remain solid for jewelers, but evolving

The jewelry bridal market, which generates upwards of 50% of many mass-market jewelers’ revenues, is a growth market, but changes are afoot, according to a new study.

IDEX Online | July 18, 2011 | 5:44 am

Twelve months of consecutive retail sales growth

June retail sales in the U.S. increased 5.5% year-over-year, based on figures released by the U.S. Commerce Department. This is the twelfth consecutive month of growth, surpassing many analysts’ expectations.

IDEX Online | July 17, 2011 | 7:24 am

Diavik’s Q2 Production 1.79M Carats, Prices Rise ~8% in a Month

Diavik produced 1.79 million carats in the second quarter of 2011, 11% more than it produced in the same period of 2010, Harry Winston Diamond reports.

IDEX Online | July 14, 2011 | 9:53 am

U.S. Rough Imports Grows to $70M

The U.S. imported $70.1 worth of rough diamonds in May, according to the Dept. of Commerce, growing 14.1% from May 2010 and by 97.1% compared to April 2011.

IDEX Online | July 14, 2011 | 8:24 am

Industry Responds with Shock to Mumbai Attacks and Casualties

The heads of the global diamond industry are expressing sorrow and sending their condolences to Mumbai following the Wednesday's terrorist attacks. The attacks cost the lives of nearly 20 people, some of them from the diamond industry.

IDEX Online | July 14, 2011 | 4:07 am

Rio Tinto H1 Diamond Production Declines 26%,

Multi-commodity miner Rio Tinto is reporting a continued decline in diamond production. In the second quarter of the year it mined 2,733,000 carats, a 24% decline compared to the prior year, the company said Thursday. It expects to end the year with a ...

IDEX Online | July 14, 2011 | 3:01 am

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