R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03


World Diamond Congress to be held in Mumbai in October

By: Schalk Burger     11th July 2018 The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. “This is a very important meeting where we... 

The Israeli billionaire forcing Glencore to buck US sanctions

By: Bloomberg     16th June 2018 Not many billion-dollar companies would be willing to circumvent US sanctions for their business partner, but then few people are as powerful as Dan Gertler in the Democratic Republic of Congo. Gertler scored a victory when Glencore said on Friday that it would evade US sanctions to keep paying... 

World Diamond Congress cancelled

By: Anine Kilian     11th May 2018 The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have cancelled this year’s World Diamond Congress, which was due to be held in Tel Aviv, Israel, in June, as a result of a weak response to registration for the event. The organisations... 

He got rich on Congo mines until bribe probe put future on hold

By: Bloomberg     23rd February 2018 A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime... 

As banks flee diamond trading, a startup plans to fill the gap

By: Bloomberg     18th October 2017 As major banks abandon the diamond trading world, one new lender is preparing to jump in. Dfin, a London-based corporate finance firm that specializes in the diamond sector, plans to lend $250-million to diamond polishers, cutters and traders -- known in the industry as the midstream -- over the... 

For world's super-rich, a pink diamond is forever

By: Reuters     10th May 2017 For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction. Tobias Kormind, MD of 77 Diamonds, which has a shop in London's Mayfair district and sells online, says the trend for coloured stones... 

The diamond magnate at the heart of Och-Ziff’s Africa ambitions

By: Bloomberg     30th September 2016 Dan Gertler, an Israeli diamond tycoon, gave Och-Ziff access to some of the richest mineral deposits in Africa. Using his close ties to the president of the Democratic Republic of Congo, Gertler developed a virtual monopoly in the country’s diamond exports for a time. He then expanded into other... 

Expansions, new mines needed to boost diamond supply

By: Mia Breytenbach     31st July 2015 The impending shortage of natural diamonds, with demand forecast to exceed supply within the next decade, is encouraging the establishment of new mines and the development of additional diamond projects, suggests World Federation of Diamond Bourses (WFDB) president and diamond polisher Ernest... 

Diamond industry in the midst of ‘complicated’ times – Blom

By: Megan van Wyngaardt     15th June 2015 Falling profitability, declining bank credit, synthetic stones, overgrading and generic diamond marketing were challenging the sustainability of the global diamond industry, World Federation of Diamond Bourses (WFDB) president Ernie Blom said on Monday. Speaking at the 2015 Presidents Meeting in... 

Presidents meeting sets tone for world diamond discussions

By: Megan van Wyngaardt     5th June 2015 The World Federation of Diamond Bourses’ (WFDB’s) and the International Diamond Manufacturers Association’s Presidents Meeting will be an opportunity to hold talks with some of the leaders of the world's major diamond mining companies on the recent establishment of the Diamond Producers... 

Cullinan diamond mine overhaul, reputational risk and diamonds, mines and the new digital age

By: Martin Creamer     8th May 2015 Cullinan diamond mine to be modernised; diamond bourses to take on synthetic diamond nondiscloseure; and a company spells out how mines can make the best of the digital age  

Forevermark diamonds available in Botswana

By: Zandile Mavuso     10th October 2014 Following diamond mining and manufacturing company De Beers Group’s announcement that it plans to make major investments in its business operations, the group expanded its Forevermark diamond brand into Botswana last month. 

Israel in bid to deploy its cutting-edge water technologies in the mining sector 

By: Martin Zhuwakinyu     5th July 2013 Israel, renowned for its cutting-edge water technologies, is pushing for these innovations to be deployed in the global mining sector, where pressure to extract resources in an environment-friendly manner is mounting. 

DRC Mines Minister rejects Global Witness’s graft allegations

By: Bloomberg     22nd June 2012 Democratic Republic of Congo (DRC) Mines Minister Martin Kabwelulu has rejected allegations of possible corruption in the State’s sale of shares in mining projects operated by Eurasian Natural Resources Corporation (ENRC). Global Witness, the London-based anticorruption campaigner, said last... 

Namakwa poised to become Lesotho’s biggest diamond producer – CEO

By: Idéle Esterhuizen     26th April 2012 London-listed junior Namakwa Diamonds has completed its strategic restructuring and expects to become net-cash generative in the second half of the 2012 financial year, CEO Richard Collocott said on Thursday. The company started production from its Kao mine in late November and is poised to... 

Botswana Diamonds ‘well placed to successfully explore’ – Teeling

By: Idéle Esterhuizen     23rd March 2012 London-listed diamond junior Botswana Diamonds is “well placed” to successfully execute its exploration projects, chairperson John Teeling said on Friday. The company, which is exploring in Botswana, Cameroon and Zimbabwe, had “good ground, funds and skills”.  


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