Dec 12, 2014
Leading diamond industry organisations including WFDB, IDMA, CIBJO and others expressed their strong and unequivocal support for the World Diamond Council's (WDC) mission and its leadership position in the struggle against conflict diamonds following a meeting on the eve of the inaugural World Diamond Conference in Delhi.
Dec 11, 2014
The World Diamond Conference’s Inaugural session this evening crackled with excitement at the anticipated participation of President of Russia, HE Vladimir Putin and Prime Minister of India, Hon’ble Narendra Modi, as the packed audiences in the Plenary Hall of Vigyan Bhavan awaited their arrival. They were not disappointed.
Dec 11, 2014
Setting the context for the session on “Marketing Diamonds as a Category – Industry Perspective” renowned diamond writer and analyst Chaim Even-Zohar pointed out that “From 1970 to 2014, the added value of the industry (at this stage) has remained in the same range somewhere between US$ 5-7 billion, while jewellery sales are growing at a sharper pace.” He opined that the margins at the manufacturing level were getting squeezed, caught as this segment is between the miners and the retailers on either end. He felt that margins in this segment needed to improve for a healthier industry.
Dec 11, 2014
Gemfields plc has announced that its Singapore auction of predominantly higher quality rough ruby extracted by Montepuez Ruby Mining Limitada (in which it has a 75% stake) has yielded record-breaking revenue of US$ 43.3 million, which translated into an average realised price of USD 689 per carat, the highest ever achieved at any Gemfields auction.
Dec 11, 2014
The World Diamond Conference India opened in New Delhi this morning with a well-attended Welcome Sesssion being addressed by an impressive panel of dignitaries including ministers from the governments of India and South Africa as well as senior leaders from key global diamond organisations

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