De Beers’ $18B diamond empire could sell for just $1B (öppnas i en ny flik)
The price tag would mark a steep fall for the former diamond monopoly, reflecting the struggling industry state.
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India-UAE Diamond Trade Relations Strengthen as Consul General Visits Bharat Diamond Bourse (öppnas i en ny flik)
Key Highlights Reinforcing the close trade relationship between India and the United Arab Emirates (UAE), Shri Vishnu Vardhan Reddy, Hon’ble Consul General of India to Dubai, visited the Bharat Diamond Bourse (BDB) in Mumbai to gain first-hand insights into India’s diamond trading ecosystem and the import-export operations that connect the two countries. The visit reflects…
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Gem Diamonds beats market slump with 8 stones worth $16M (öppnas i en ny flik)
Higher-value stones offset lower grades at Letšeng, while demand for exceptional diamonds rose despite pressure from synthetics.
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Anglo flags first-half loss at diamonds, coal units; cuts copper cost outlook (öppnas i en ny flik)
It reported flat first-half copper output, cut 2026 cost guidance, and warned of losses in diamonds and coal amid merger with Teck.
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De Beers output surges even as diamond slump persists (öppnas i en ny flik)
Higher production failed to offset weak prices as Anglo advances De Beers sale and prepares Venetia shutdown.
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India’s Gem & Jewellery Exports Rebound 26.51% in June as Global Demand Strengthens (öppnas i en ny flik)
Key Highlights India’s gem and jewellery export sector staged a strong recovery in June 2026, with exports rising 26.51% year-on-year to US$ 2.21 billion, signalling renewed momentum after a challenging global trade environment. The rebound was driven by stronger international demand for gold jewellery, natural diamonds, lab-grown diamonds and platinum jewellery, supported by lower gold…
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First Indian WFDB President Mehul Shah Unveils Vision to Strengthen Consumer Confidence in Natural Diamonds (öppnas i en ny flik)
Key Highlights Fresh from being elected as the first Indian President of the World Federation of Diamond Bourses (WFDB), Mehul Shah has outlined an ambitious roadmap aimed at strengthening consumer confidence in natural diamonds, improving transparency across the global supply chain, and expanding the federation’s international reach. Rather than viewing his appointment as a personal…
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Ex-De Beers chief leads bid for diamond giant (öppnas i en ny flik)
Botswana says Anglo American has chosen a preferred bidder as negotiations over the future of De Beers advance.
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GJC and SGL Partner to Launch Dedicated Diamond Certification Pavilion at GJS Diwali Edition 2026 (öppnas i en ny flik)
The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have signed a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, introducing a dedicated platform focused on diamond certification, technology and trusted manufacturing. Scheduled to be held from 2–4 October 2026 at the…
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Canada’s first diamond mine to shut down (öppnas i en ny flik)
Ekati in the Northwest Territories will shut down following a Supreme Court of British Columbia ruling placed it into receivership this week.
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India Opens Door to Global Diamond Auctions as Rapaport Debuts Pre-Auction Viewing in Mumbai (öppnas i en ny flik)
Key Highlights In a significant development for India’s diamond trade, the country has hosted its first international pre-auction diamond viewing event, marking a new chapter in its journey towards becoming a global diamond trading hub. The four-day event, organised by Rapaport Corporation, USA, in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), is…
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GJEPC’s IIGJ Lab Opens Collection Centre in Jaipur to Bring Trusted Gemstone Certification Closer to the Trade (öppnas i en ny flik)
Key Highlights Strengthening access to professional gemstone and jewellery certification services, IIGJ Lab, a project of the Gem & Jewellery Export Promotion Council (GJEPC), has inaugurated a new Collection Centre at the premises of the Jewellers Association of Jaipur in Johari Bazar. The initiative is aimed at making internationally recognised gemstone, diamond, pearl and jewellery testing…
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India Takes Global Diamond Leadership as Mehul Shah Elected President of WFDB (öppnas i en ny flik)
Key Highlights In a significant achievement for India’s diamond industry, Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB) during the ongoing World Diamond Congress in Singapore. The election marks a major milestone for the Indian diamond sector, placing an Indian industry leader…
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De Beers idles South Africa’s top diamond mine for two years (öppnas i en ny flik)
Cost-cutting measures deepen as the miner restructures operations and prepares for a long-awaited sale.
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De Beers cuts diamond prices, axes 25 elite buyers (öppnas i en ny flik)
The first sale under a revamped customer strategy brings official prices closer to market levels amid a prolonged slump.
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BDB and Italy Explore Stronger Diamond & Jewellery Trade; VAT Reform Proposal Takes Centre Stage (öppnas i en ny flik)
Key Highlights Bharat Diamond Bourse (BDB) has strengthened its engagement with Italy’s diamond and jewellery industry following a high-level meeting with H.E. Mr. Walter Ferrara, Consul General of Italy in Mumbai. The discussions focused on enhancing bilateral trade, improving ease of doing business and identifying policy reforms that could further strengthen commercial ties between the…
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Limelight Diamonds Raises ₹275 Crore to Accelerate Retail Expansion and Manufacturing Growth (öppnas i en ny flik)
Key Highlights India’s lab-grown diamond jewellery sector received a significant boost as Limelight Diamonds announced the successful completion of a ₹275 crore strategic funding round. The investment will support the company’s plans to strengthen manufacturing capabilities, expand its retail footprint and enhance product innovation as it accelerates growth across the country. The funding round was…
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Bharat Diamond Bourse Sets New Record with 801 Units Collected in Landmark Blood Donation Drive (öppnas i en ny flik)
Key Highlights Demonstrating the power of collective social responsibility, Bharat Diamond Bourse (BDB) achieved a historic milestone by collecting a record-breaking 801 units of blood during a single-day blood donation drive held within the Bourse premises on 17 June 2026. The initiative was organised in response to an urgent appeal from leading hospitals and blood…
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Gem Knowledge: What Are the ‘Cardinal Gems’? (öppnas i en ny flik)
If you’ve ever heard the phrase ‘cardinal gems’ and wondered what this means, now’s your chance to find out. Gem-A Gemmology Tutor Pat Daly breaks down this historic term and explains how the concept has stood the test of time. The term ‘cardinal gems’ may be used to spotlight five stones – diamond, ruby, sapphire,…
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ALROSA Approves Natural Diamond Promotion Program Through 2030 to Strengthen Global Consumer Demand (öppnas i en ny flik)
Key Highlights Global diamond producer ALROSA has approved its first long-term Natural Diamond Promotion Program extending through 2030, marking a significant strategic initiative aimed at strengthening sustainable consumer demand for natural diamonds across key international jewellery markets. The program, approved by ALROSA’s Supervisory Board, is designed to support industry-wide efforts in generic marketing while reinforcing…
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