In recognition of Nicky Oppenheimer’s enormous contribution to the world diamond industry – and the Israeli industry in particular – the Israel diamond industry Tuesday night presented the chairman of De Beers with its highest honor – the Lifet...

Gem Diamonds Limited announced on Tuesday that its revenue for 2011 increased 49 percent to $396 million in 2011. The company’s net profit totalled $68 million, up a massive 235 percent over 2010.

n a bid to help jewelers increase their profits, diamond manufacturer Hasenfeld-Stein recently announced the launch of its diamond re-cutting program. The web-based program enables retail jewelers to send stones above 0.60 points for re-cutting into GIA triple excellent or AGS 000s diamonds.

U.S. net polished diamond imports increased in January this year when compared to January 2011 as well as when compared month-over-month to December 2011.

“Good, but not great,” “Okay, but not outstanding.” These are the impressions heard repeatedly while walking around the diamond booths at BaselWorld.

IndexIQ, a New York based investment firm, filled with the SEC to register IQ Physical Diamond Trust, an exchange traded fund (ETF) backed by diamonds.

Japan imported $72.3 million worth of polished diamonds in January, starting the year with a decline compared to January and signaling the end of a nine-month long rise in diamond demand.

The Diamond Dealers Club of South Africa today (Monday) announced that all of the members of its executive committee have been re-elected for a new term during its annual elections.

For the fourth consecutive month, diamond exports from Botswana have declined. The diamond producing country exported $109 million worth of diamonds in January, the lowest export level since August 2009.

Heavy rains at Argyle (above) in 2011 led to lower production and a need to add $0.5 billion to the underground project (IDEX Online News) – Rio Tinto diamond revenues increased 6.6 percent to $727 million carats in 2011. The company was hard hit...

De Beers appointed Gareth Mostyn as the company’s Chief Financial Officer. Mostyn, currently head of corporate finance at Anglo American, will begin in his new role on February 1 and will be based in London.

The Israeli police are again in the Israel Diamond Exchange complex. The on going police investigation is causing a disruption in the daily trading at the exchange.