US Tariffs: "Existential Threat" to Israel's Diamond Industry

October 30, 25 by John Jeffay

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, 25 by John Jeffay

De 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, 25 by John Jeffay

The 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, 25 by John Jeffay

Alrosa 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, 25 by John Jeffay

Global 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 30

It 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...