Polished – wholesale and manufacturing

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Another cutting and polishing company in Botswana, Diacore, has made employees redundant, cutting 50 positions, taking the total number of workers made jobless in the industry to around 1,000 in the past year.

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A day before the September 3-5 Eastern Economic Forum (EEF) opened in Vladivostok, leading diamond industry figures met in the eastern harbor city of the Russian Federation on September 2.

For one day, they discussed diamond marketing and promotion, assessed the threat of the synthetic diamond industry and contemplated financing and investment opportunities in the diamond industry.

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Black glass walls and huge screens behind them screening videos is part of a new Center that will certainly leave a strong impression on visitors entering the Diamond Tower.

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India's exports of cut and polished diamonds during the second half of fiscal year 2016 fell by 13.8% to $10.4 billion from $12.1 billion last year.

Meanwhile, imports of rough plunged by 26% to $6.95 billion from $9.4 billion last year, indicating the decision by Indian manufacturers to slash production due to the high price of rough goods.

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One hundred Israeli diamond firms will be offering goods to their colleagues at the Diamond Dealers Club of New York (DDCNY) with an unparalleled collection of polished diamonds at the fourth edition of the Israel Diamond Week in New York that will be held on the trading floor of the DDCNY, at 580 Fifth Avenue in midtown Manhattan, October 19-22.

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Panama Diamond Exchange President Erez Akerman will end his term at the head of Latin America's only WFDB-recognized diamond bourse on October 30.

He will then become managing director of the World Jewelry Hub, and at the same time will be devoted to managing his own company at PDE, Akerman Diamonds.

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Reflecting the serious slowdown in the global trade for diamonds, India’s polished exports were down 18.34% and rough imports down 42.9% in July 2015 when compared to the corresponding figures of a year earlier, according to information released by The Gem & Jewellery Export Promotion Council (GJEPC).

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New York Diamond Dealers Club President Reuven Kaufman has issued a formal invitation to members of the WFDB to take part in the 3rd annual India Diamond Week on the DDC's Trading Floor from August 24 to 27.

"During the week, exhibitors from India and New York will be offering a wide range of goods," Reuven Kaufman said.

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The Antwerp World Diamond Centre set up a dedicated diamond-financing seminar the World Economic Forum in Davos on Thursday which was introduced by Flemish Minister President Geert Bourgeois and attended by representatives of international financial institutions.

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The Dubai Diamond Exchange (DDE) has announced that the two-day Dubai Diamond Conference 2015 will be officially opened by Former EU President Herman Van Rompuy.

The conference will take place from 21 to 22 April at the iconic Almas Tower home to the DDE and one of the world’s leading marketplaces for diamonds.

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