(IDEX Online News) - Global polished diamond prices drifted in February 2015. Average prices during the month were just under 1 percent lower than average prices in January 2015, but were nearly 8 percent lower than the same month a year ago, according to the IDEX Polished Diamond Price Index, recognized by the industry as the most reliable indicator of global polished diamond prices. Read More..

There is dissatisfaction in the Indian gem and jewelry industry following the presentation of the budget by Finance Minister Arun Jaitley. Industry officials had been especially hopeful that the 2-percent tax on gold imports would be reduced, but they were left disappointed. Read More..

Gemfields’ latest auction of emerald and beryl has raised $14.5 million. The gemstone miner announced that the average price realized in the auction of stones from Kagem was $3.72 per carat, which it says was a new record for lower quality auctions. Read More..

The HKTDC Hong Kong International Diamond, Gem and Pearl Show opened this morning at AsiaWorld-Expo and already reports are emerging that HK$1.5 million ($193,428) worth of diamonds have been stolen. Read More..

Russian mining company ALROSA has sold its 84.66 percent stake in MAK-Bank to Expobank. The sale is part of the company’s push to sell its non-core assets, allowing it to focus exclusively on diamond mining. Read More..

Eight people have been convicted for their parts in a 2008 heist at a Harry Winston store in Paris in which three gunmen made off with about $92 million in less than 20 minutes. The three gunmen were dressed up as women, down to their stockings and high-heeled shoes. Read More..