Surat Lab Grown Sector Calls for End to Heavy Discounts
September 09, 26
India's lab grown diamond sector is calling for an end to heavy discounting, as manufacturers struggle with shrinking margins. Industry leaders urged traders and brokers not to sell below agreed prices and to avoid undercutting, at a meeting of the Surat Lab... Read More...
Angola and Botswana Join Forces to Defend Natural Diamonds
September 09, 26Angola and Botswana are joining forces to strengthen the position of natural diamonds in international markets as they seek to counter growing competition from synthetic stones. The two African producers, who jointly account for almost 30% of the... Read More...
CIBJO Backs 'Synthetic' Terminology for Lab Growns
September 08, 26CIBJO, the World Jewellery Confederation, this week backed "synthetic" as the preferred term for diamonds produced through industrial processes. The move reverses its 2010 acceptance of "laboratory-grown diamond" and other similar terms, and could .... Read More...
SEC Accuses Lugano Founder of Alleged $1bn Diamond Fraud
September 08, 26The US Securities and Exchange Commission (SEC) has accused Mordechai Ferder, founder of the luxury Lugano jewelry company based in California, of orchestrating an alleged fraud in which investors were persuaded to put hundreds of millions of ... Read More...
Gem Diamonds Returns to Profit as Rough Prices Rise
September 07, 26Gem Diamonds returned to profit in the first half of 2026 as higher rough diamond prices at its Letseng mine in Lesotho lifted revenue despite lower recovered carat volumes. The company reported attributable profit of $0.6 million for the six months... Read More...
Memo by John Jeffay
September 03Diamond thefts have a habit of repeating themselves. A bit like history. I'm thinking of two stories in the news this week that have clear parallels in recent years: a brazen museum heist in Vienna and an audacious gem-switch in Singapore. On August 28... Read More...