Panama prepares to launch new diamond exchange

Top Panamanian government officials and diamond and jewellery industry leaders will gather in the country later this week for the official launch of the Panama Diamond Exchange. The exchange, which will be Latin America' first and only complex...

Diamond market retains its glitter

Diamond production has increased about 9% in the past five years, according to the New York-based World Diamond Council, as mining companies have hurried to find new deposits to meet soaring demand, reports Creamer Media’s Research Channel Africa.

Strong prices in 2008, says world diamond bourses president

Higher-range rough diamond prices will remain robust in 2008, with demand outstripping supply for the foreseeable future, says World Federation of Diamond Bourses president Ernie Blom.

Strong diamond prices expected as China, India become major consumers

Higher-range rough diamond prices will remain robust in 2008, with demand outstripping supply for the foreseeable future, the World Federation of Diamond Bourses president said on Monday. "We should see very strong prices," Ernie Blom,...

Kimberly Process commitment reconfirmed

The World Diamond Council (WDC) held its annual meeting in May, this year. The meeting of over 100 participants provided a unique opportunity to review the work of the past year, while determining how the WDC and the industry will continue to...

'Gaborone meeting served to strengthen fight against conflict gems'

The Kimberley Process Plenary meeting, held in Gaborone, Botswana, this week had successfully addressed remaining concerns about conflict diamonds, industry body the World Diamond Council said on Thursday - the gathering was attended by...

Industry is committed to effective gem certification, World Diamond Council chief stresses

Failure of the Kimberley Process Certification Scheme (KPCS), set up to deal with the scourge of conflict diamonds, was not an option, World Diamond Council chairperson Eli Izhakoff said on Monday at the plenary meeting of the Kimberley Process,...

Diamonds to outpace metals as scarcity, Asia sales boost prices

For the first time in 25 years, diamond production is declining and that may make the world's most coveted stones a better investment than copper, nickel and zinc, this year's top-performing commodities.

Conflict diamond trade down by over 3%

At the World Diamond Council meeting held in Dubai on March 30, it was proclaimed that conflict diamonds, which were approximately four per cent of international production, had decreased to below one per cent.

Uasa elected to the World Diamond Council

The United Association of South Africa (Uasa) announced yesterday that it was appointed as a member of the World Diamond Council (WDC) and is, to date, the only trade union in the world to have achieved this.

More transparency needed over synthetic treatment of gems

An important issue to be debated at the World Federation of Diamond Bourses (WFDB) conference to be held this month in South Africa is the synthetic treatment of diamonds.

SA to host Kimberley Process meet in April

South Africa will host the next plenary session of the Kimberley Process, the worldwide body that regulates the trade and certification of rough diamonds, from April 28 to 31, in Johannesburg.