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Blog Archive 2008-12-01

Mumbai Diamond Industry Was Attacked By Terrorists

December 2008 Several people were killed in a terrorist attacks in the diamond industry’s hub in Mumbai. Gunmen armed with automatic weapons and grenades attacked targets including the hotels, a cafe, and a train station, police say. There were also reports of…
Blog Archive 2008-12-01

70th Diamond Anniversary Is Celebrated By Israel

December 2008 Despite tough times (Israel posted a 53 percent decrease in rough imports and a 46 percent drop in polished exports last month), Israel’s diamond industry gathered last month to celebrate its 70th anniversary. The diamond industry—which is older than the…
Blog Archive 2008-12-01

Antwerp Diamond Conference Is Showing Strong Base of Diamond Industry

December 2008 More than 500 members of the international diamond sector participated in a highly charged forum, called the Antwerp Diamond Symposium, which discussed the impact of the global financial meltdown upon the diamond business.
The dominant message was that the current downturn…
Blog Archive 2008-12-01

Diamond Industry Downturn Started With Economic Recession

December 2008 In light of the economic downturn, diamond mines around the world are scaling back operations and production. Rockwell Diamond Mines, which usually shuts down for two weeks at the end of the year, but has added another three weeks in…
Blog Archive 2008-12-01

Holiday Diamond Discounts In 2008

December 2008 While retail forecasts for the holiday are far from upbeat, one bright spot is the strength of fine jewelry as a gift-giving category. According to a National Retail Federation survey, nearly a fifth of all consumers polled plan to purchase…
Blog Archive 2008-12-01

Unique Diamond Purchase Has Five Reasons in This Era of Recession

December 2008 In 1980, Richard Liddicoat, the late Chairman of the Gemological Institute of America, joked that to report on diamond prices is like reporting on your tires in the middle of a road trip. Today, it is probably more like changing…
Blog Archive 2008-11-01

PAC Latest Diamond Report Is Showing Illicit Diamond Production

November 2008 Partnership Africa Canada, an NGO leader in the campaign against conflict diamonds, said there is “a large and growing trade in illicit rough diamonds,” running in parallel with the Kimberley Process Certification Scheme.
PAC warns, in a new report it’s released,…
Blog Archive 2008-11-01

OPIC Diamond Agency Signed Helping Contract with Botswana

November 2008 The Overseas Private Investment Corporation (OPIC), an agency of the U.S. government, has approved a $250 million guarantee facility to help Botswana develop its newly-established diamond cutting and polishing industry.
 OPIC said it would provide the guarantee to a company…
Blog Archive 2008-11-01

Decline in Diamond Industry – A Statistical Report

November 2008 De Beers’ diamond production decreased by 4.3% to 13.111 million carats in the third quarter of 2008, compared to the year before, parent company Anglo American reportedly said in a report. During the first nine months of the year, De…
Blog Archive 2008-11-01

New Technique May Simplify Synthetic Diamond Process: Diamond Registry, Loose Diamonds for Wholesale and Retail | Excepts from the Diamond Registry Bulletin

November 2008 Researchers at the Carnegie Institution have developed a new technique for simplifying the process of making high-quality diamonds, reports say. Carnegie Institution’s Geophysical Laboratory’s method uses chemical vapor deposition to grow synthetic diamonds. Then the team annealed the diamonds at…