Category Archives: Diamonds

International Diamond Council Updates Rules for Diamond Grading

Photo above: Chairman of IDC- Stephane Fischler This week the International Diamond Council (IDC) released an update of its “IDC rules for Grading Diamonds”. According to IDC Chairman Stephane Fischler, the rules were incorporated after  industry-wide consultations   and discussion by the IDC board. Stephane said “It is essential that we keep our focus on bringing […]

Rapaport- Annual State of the Diamond Industry Address

Chairman of the Rapaport Group, Martin Rapaport delivered his keynote “State of the Diamond Industry” at Breakfast 8.am to 10 am on Monday 1st of June at the Annual Rapaport Breakfast and Conference held in the San Palo Ballroom, level 3 ,Venetian Hotel, Las Vegas. At this years meeting Rapaport touched on buying diamonds on […]

Destoking Over In The Diamond Sector-Rio Tinto

One of the worlds largest mining groups, Rio Tinto expects destoking of diamond stocks to end soon. However Rio Tinto noted that they are ready for further cutbacks if there is no inprovement in diamond sales. On Tuesday Brett Clayton, Rio Tintos Chief Executive for copper and diamonds said that they are cutting diamond production […]

Antwerp Banks Okay Diamonds As Collateral

Due to the downturn in the economy the diamond industry has been hit, including the world’s most renowned diamond trading center, Antwerp. The Antwerp World Diamond Center (AWDC), which is the official representative of the Antwerp diamond sector has reached agreement with  Antwerp banks to accept diamonds as collateral .The deal was announced on Tuesday […]

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