In the spotlight
Israeli billionaire Dan Gertler has been placed on the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned individuals list due to his business ties with President Joseph Kabila of the Democratic Republic of Congo (DRC).
De Beers and the Antwerp World Diamond Centre (AWDC) are holding talks about potential cooperationin De Beers’ recently announced blockchain platform.
A new initiative to encourage the involvement of younger diamantaires in the industry is moving ahead, with its first major networking event to take place on September 15 during the Hong Kong Gems and Jewellery Fair.
Rio Tinto’s 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine produced excellent results "reflecting global demand and sustained price growth," the firm said.
Achieving the highest average price per carat since the tender began in 1984, the tender continued its double-digit price growth trajectory.
The World Federation of Diamond Bourses' (WFDB) Executive Committee meeting, which will take place next week in Idar-Oberstein, Germany, will enable the organization to hold discussions on the global diamond industry and a new strategy going forward.
In 2014, the Israeli diamond industry maintained its export achievements of 2013, with a slight rise of $160 million in total polished and rough exports, according to figures published by the Ministry of Economy’s Diamond Controller Shmuel Mordechai.
Israel’s total combined exports of polished and rough diamonds stood at $9.324 billion in 2014, compared to $9.166 billion in 2013.
The American luxury brand said that it is offering the 24K gold iPhone 6 with a pink diamond set in the reverse side for $48.5 million just one day after Apple announced the launch of the iPhone 6.
The cellphone by Falcon enables the pink radiant-cut diamond to be prominently seen while users are talking on the phone.
De Beers has updated its model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015 – March 2018 contract period.
Around 90 percent of De Beers’ total rough diamond availability by value is sold through GSS.