US Tariffs: "Existential Threat" to Israel's Diamond Industry
October 30, 25
Israel's diamond industry is facing an "existential threat" after the US zero-rated polished diamond imports from the EU, but retained the 15 per cent tariff on Israeli goods. "If tariffs were lifted for Europe, Israel deserves the same," Nissim Zuaretz, president... Read More...
De Beers Rough Sales Triple in Q3
October 30, 25De Beers sold $700m worth of rough diamonds across its two sights in the three months to 30 September - more than tripling the $213m recorded during the same period last year. In the third quarter of 2024, the company held only one sight, having ... Read More...
Lab Grown Bubble has Burst, says Zerouki
October 30, 25The lab grown bubble has burst, says Feriel Zerouki, president of the World Diamond Council (WDC), as consumers return to natural stones. She was speaking at the Angola International Mining Conference (AIMC) 2025, held last Wednesday and Thursday... Read More...
Alrosa to Extract Gold as Byproduct of Diamond Mining
October 29, 25Alrosa plans to extract gold from its diamond-bearing alluvial deposits in Mirny, in Russia's Sakha Republic. The move comes as demand for natural diamond continues to slide, and gold prices reach record highs. Alrosa, Russia's state-controlled miner... Read More...
Moody's Follows S&P, Downgrades Botswana
October 29, 25Global credit ratings agency Moody's has followed S&P in downgrading Botswana. It says the economy remains over-reliant on diamonds and has not diversified enough to compensate for the drop in global demand. Moody's has downgraded ... Read More...
Memo by John Jeffay
October 30It was an inheritance from her grandmother, an unremarkable ring that she wore every day. Then for some reason she stopped. And she decided to take the ring, together with other items of jewelry, to be valued at the Aste Bolaffi auction house, in Turin, Italy... Read More...