Russian oligarch Arcadi Gaydamak has filed a complaint against Lev Leviev with the Israel Police, claiming that Leviev owes him $2 billion in unpaid diamond trading commissions.
Polished diamond prices rose by a solid 17 percent during 2011, according to the IDEX Online Polished Diamond Price Index. This index confirmed that polished diamond prices are now above pre-recession levels, after two weak years.
Diamond jewelry represents by far the most important product category for American retail jewelers, according to newly released data from the Census Bureau’s Economic Census.
Investigators have been left baffled about one of the oddest thefts in diamond history following the theft of a small safe from inside a larger safe, with no signs of forced entry and without the alarm being set off.
Lazare Kaplan International is suing KBC and the Antwerp Diamond Bank for allegedly stealing $135 million, claiming that the banks cooperated with diamond trader Erez Daleyot. LKI, which is seeking $500 million in damages, further claims that bank exec...
From rough diamond prices and bold thefts to tax raids and terrorist attacks in Mumbai, there is nothing like a juicy chunk of bad news, as the ten most read news stories of the year prove.
Jewelry sales have been one of the strongest merchandise categories for specialty retailers in the American market, based on retail sales trends for the first nine months of 2011.
A positive sign for the jewelry trade in Europe – demand for exhibition space at the Inhorgenta Munich trade show for jewelry and watches is very high, the organizers reported.
The Security Council asked the Panel of Experts monitoring compliance with sanctions imposed on Liberia to "cooperate actively with the Kimberley Process," as it extended its mandate by another 12 months.
