IDEX Polished Price Index Keeps Sliding in November
December 02, 25
The IDEX Polished Price Index fell by 1.72 per cent in November as the downward trend continues. Underlying demand remains soft, inventories remain high in key centers, and competition from lab growns is forcing sellers to discount natural stones. The result... Read More...
Lab Grown Workers Strike in "Misunderstanding" on Pay
December 02, 25Hundreds of polishers at Greenlab, recognized as India's largest lab-grown diamond producer, walked out last Friday (28 November) in a row over wages. They gathered at the gates of the factory in Surat following reports that their per-carat fee was to be reduced... Read More...
Sapphire and Diamond Necklace Sells for a Record $16.2m
December 02, 25The Royal Blue, an iconic necklace of 16 Kashmir royal blue sapphires, weighing 104.61 carats, broke two world records when it sold for $16.2m at Christie's Hong Kong. It became the most expensive Kashmir sapphire necklace ever sold at auction, beating... Read More...
Fast-Track Entry to Antwerp for Foreign Diamond Workers
December 01, 25The Belgian government is relaxing rules on foreign diamond sorters and polishers to address a desperate shortage. Manufacturers in Antwerp say there are scarcely any candidates locally for these vital roles. The Flemish government has responded by ... Read More...
Botswana Mining Boss Warns of Diamond Job Losses
December 01, 25The president of the Botswana Mine Workers Union is warning that US tariffs could make matters even worse for a country that has already seen diamond revenues plummet. Joseph Tsimako, representing 10,000 mine workers, fears his members could be... Read More...
Memo by John Jeffay
November 27At the end of the day it was the inclusion of state-armed actors that sank the latest KP attempt to redefine conflict diamonds. Many Western nations said they should be included. Many African nations said they shouldn't. And that's why five days of talks at ... Read More...