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Latest News & Stories

Coronavirus: Most Factories in Surat Still Closed, Despite Unlock 3.0

Fewer than a third of Surat's diamond factories have returned to work despite Unlock 3.0, an easing of restrictions by authorities in India. Owners have to cover the costs of mandatory COVID-19... Read More..

Coronavirus: Botswana's Diamond Sales Down 64 per cent

Botswana, the world's top diamond-producing country by value, saw Q2 sales fall by almost two-thirds because of coronavirus. Pandemic-related travel bans and reduced outputs resulted in sales of just $294m... Read More..

Jewelers Mutual Group Launches Transformational ZingTM Platform

Jewelers Mutual Group launched the ZingTM platform, created to drive the jewelry industry into the future. The Zing platform empowers jewelers, manufacturers, wholesalers, and others to conduct business digitally... Read More..

Light at the End of Tunnel, says Dvash

There is light at the end of the tunnel for the diamond industry, says WFDB acting president Yoram Dvash. COVID-19 has become a fact of life, he tells members in a newsletter... Read More..

Irish Billionaire Provides Liquidity Lifeline for Mountain Province

Canadian miner Mountain Province plunged into the red, reporting Q2 losses of $21.8m as COVID-19 brought demand to a virtual halt. But as the pandemic closed markets, globally, a "vital liquidity lifeline"... Read More..

Alrosa's July Sales Down 79 per cent

Alrosa today reported another month of weak sales, with rough and polished totaling just $35.8m for July, down 79 per cent on last year. The Russian state-owned miner.... Read More..