Thursday, August 27th 04:18 PM

Russia, which has traditionally played second fiddle to Botswana in world diamond output rankings, was the largest producer in terms of value and volume, as per…..Continue

Portugal joins Kimberley Process certification

  • The Kimberley Process Certification Scheme is an international governmental certification program that was set up to prevent the trade in diamonds that fund conflict. Established in January 2003, the scheme requires governments to certify that shipments of rough diamonds are free from blood diamonds.

India's July polished Diamond exports drop 18.3%; rough imports fall 43%

  • Imports of rough diamonds reached only $1092.76 million in July this year as against $1912.46 million in July 2014, registering a decline of 43%.

Botswana halves 2015 growth outlook on falling Diamond prices

  • The southern African nation is now seen posting a deficit of 4.03 billion pula ($394 million) or 2.61% of the gross domestic product against a previous estimate of a surplus of 1.23 billion pula or 0.8% of GDP.

Lucara recovers exceptional Diamonds at Karowe

  • Since the recovery of the first large diamond from Karowe in 2013, Lucara has recovered 216 diamonds that have sold for more than $250,000 each; 12 sold for more than $5 million each.

US polished Diamond imports rise 6% to $1.7 bn in June

  • U.S. net polished imports, indicating the amount of goods that stayed in the country for consumption, improved by 27% to a deficit of $962 million, as polished exports still exceeded imports during the month.

Unique Diamonds found in frozen lava in Russia

  • The new diamonds were formed by volcanic gases under pressure and are a result of crystallization "under the influence of electrical discharges of lightning."

India's polished Diamond exports rise 9.4% in H1 2015

  • Polished imports into the country fell by 41.9% to $1.957 billion, leaving next exports up 34.9% to $9.115 billion.

De Beers H1 rough Diamond sales fall 26% to 14 mn carats

  • Production fell by 6% to 7.96 million carats in the second quarter and by 3% to 15.63 million carats in the first half of the year.

Belgium's polished Diamond exports rise 2% to $1.386 bn in June

  • The country's polished diamond imports recorded a 7% decline in June with $1.399 billion, leaving net exports with a deficit of $13.4 million - compared to a deficit of $145.7 million a year ago.
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