Alleged Ponzi scheme rocks Israeli Diamond Exchange

A trader at the Israeli diamond center has been barred from entering the diamond complex in Ramat Gan after allegedly operating a Ponzi scheme. On Wednesday, a $1.3 million lawsuit was filled against him, claiming a 'sting' operation.

Idex Online | April 19, 2012 | 10:59 am

Indian diamond exports fall 17.3% as measures to curb ‘round-tripping’ bite

The imposition of a 2 percent import duty on cut and polished diamonds on January 17 this year resulted in a dramatic reduction by 17.3 percent of India’s polished diamond exports for fiscal 2011-12 (April-March).

Idex Online | April 19, 2012 | 8:21 am

De Beers diamond production down 16% in Q1

Diamond production by De Beers decreased to 6.2 million carats in the first quarter. This is a decline of 16 percent year-over-year and 4 percent compared to the fourth quarter of 2011.

Idex Online | April 19, 2012 | 3:53 am

Continued growing demand for jewelry in Japan

Sales of precious metals, art and jewelry at Japan’s department stores have been on the rise in March, outpacing the growth of most other consumer categories.

Idex Online | April 16, 2012 | 7:00 am

8% drop in U.S. polished diamond imports

U.S. diamond traders and buyers imported less diamonds in February and increased their exports during the month. At the same time, the focus is shifting to higher value goods.

Idex Online | April 15, 2012 | 5:19 am

Botswana’s diamond exports soar in February

Botswana's diamond exports surged forward in February for the first time since October 2011. The country's polished and diamond exports of $306.5 million are a 181.2 percent increase over January's exports.

Idex Online | April 15, 2012 | 3:14 am

Russian diamond manufacturers criticize India

Access to rough diamonds has always been an issue for diamond manufacturers, and the backdrop to much commercial and national strife. Last week this was exemplified when a Russian manufacturing association said they are "outraged" by an Indian appeal to formalize sales by a Russian diamond repository.

Idex Online | April 8, 2012 | 4:51 am

Rockwell to terminate US share registration, stays on TSX, JSE

Rockwell said many factors played a role, including the low liquidity of the stock on the OTC Bulletin Board, the cost associated with preparing and filing periodic reports and the demands placed on management to comply with SEC reporting obligations.

Idex Online | April 3, 2012 | 4:53 am

Ankit Gems introduces browser toolbar for diamonds

Ankit Gems has launched a search toolbar that allows anyone to browse their diamond inventory. Pricing information, however, is only available to those who have company log ins.

Idex Online | March 26, 2012 | 10:19 am

India increases rough diamond intake

A rise in rough diamond imports by India took place in February. India imported $1.33 billion worth of rough diamonds, increasing 21.3 percent, based on provisional figures published by the Gem &Jewellery Export Promotion Council (GJEPC).

Idex Online | March 21, 2012 | 8:54 am

India’s polished diamond imports slashed 80% in February

A sharp decline in India’s polished diamond trade in February after an import tax started to be collected. India exported $1.44 billion worth of polished diamonds in February, a 53.7 percent drop compared to February 2011.

Idex Online | March 21, 2012 | 7:04 am

Tiffany posts 18% sales growth in 2011

American luxury retailer Tiffany & Co. reported double-digit sales and earnings growth for fiscal 2011, ended January 31, 2012. Net sales rose 18 percent to $3.6 billion and net earnings rose 19 percent to $439 million.

Idex Online | March 21, 2012 | 5:02 am

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