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Industry calling for swift action on Zimbabwe

Jewelers of America is calling on the Kimberley Process to fully and quickly implement a work plan to address the serious concerns surrounding Zimbabwe's non-compliance with the Kimberley Process Certification Scheme, the system designed to keep conflict diamonds out of the international trade, and the reported human rights abuses in the Marange diamond fields. Read More

Diamond symposium focuses on 'new normal'

Antwerp, Belgium--The coming year is likely to be a year of growth for the diamond industry, but the sector needs to recognize that there is a "new normal" in the global economy. Read More

Subdued rough-diamond trade in U.S.

Rough-diamond imports by the United States remained low in September. U.S. gross rough-diamond imports totaled $22.09 million on imports of 14,142 carats, an average value of $1,562.28 per carat. Net imports stood at $6.41 million. Read More

NYSE accepts Lazare Kaplan compliance plan

New York--The NYSE AMEX LLC has accepted Lazare Kaplan International Inc.'s compliance plan that outlines the steps it will take to avoid being suspended or delisted from the Exchange, a filing with the Securities and Exchange Commission (SEC) shows. Read More

U.S. polished-diamond imports pick up in September

As traders started to get ready for the holiday season, the United States imported $1.23 billion worth of polished diamonds in September, a 39 percent increase compared with August 2009. Read More

WFDB to introduce polished-diamonds price list

Antwerp, Belgium--The highlight of the World Federation of Diamond Bourses (WFDB) 2009 Presidents' Meeting will be the introduction of a WFDB price list for polished diamonds. Read More

Mary Forte re-enters industry with IDS

New York--Industry veteran Mary Forte has joined Ideal Diamond Solutions (IDS), the jewelry industry's groundbreaking, online-technology platform provider, as its first outside investor and advisor to its board of directors. Read More

Leber outraged over KP's decision on Zimbabwe

Chicago--Leber Jeweler Inc., a third-generation, family-owned business wholly dedicated to socially responsible jewelry, is expressing outrage over the decision by the Kimberley Process (KP) governing body to allow Zimbabwe to remain a member in good standing, despite alleged human rights violations directly tied to the country's diamond mining industry. Read More

PhotoScribe Cold Laser System
Jeweler lets customers see live diamond inscribing

Tustin, Calif.--The Jewelry Exchange retail chain will be offering its diamond customers the opportunity to choose their own inscriptions and then sit back and watch a computer screen as those words get inscribed on their newly purchased diamond at the company's factory. Read More

U.S. to Zimbabwe: Cooperate or be banned from KP

Indicating that it is displeased with the failure to remove Zimbabwe from the Kimberley Process Certification Scheme, the U.S. State Department is threatening that if a plan to place strict controls on Zimbabwe's Marange fields is not "thoroughly implemented," the country will be suspended from the KP. Read More

De Beers to sell stake in Botswana mining project

London--De Beers announced that it plans to sell off its effective 70 percent share in Botswana's AK06 diamond deposit to Canada's Lucara Diamond Corp. for $49 million in cash, a decision the company says was prompted by its strategy of keeping the focus on larger mines. Read More

WDC supports KP's call on Zimbabwe

Windhoek, Namibia--The World Diamond Council (WDC) issued a statement today that it supports the decision of the Kimberley Process (KP) member governments to immediately implement an intensive, on-the-ground inspection program in Zimbabwe's Marange diamond fields. Read More

Israel to head Kimberley Process in 2010

Jerusalem--Israel will assume chairmanship of the Kimberley Process (KP) in 2010, the system designed to stem the flow of conflict diamonds into the trade. Read More

Zimbabwe not suspended from Kimberley Process

New York--Following a meeting this week in Namibia, members of the Kimberley Process (KP)--the system designed to stem the flow of conflict diamonds into the trade--opted not to suspend Zimbabwe, The Wall Street Journal (WSJ) reports, despite all the problems in the Marange diamond fields. Read More

Everlon pendant
De Beers cracking down on Everlon infringement

New York--De Beers is cracking down on companies creating designs that closely resemble its Everlon diamond jewelry. Read More

Team from Overseas Diamonds forms new company

Short Hills, N.J.--Joseph Srodawa, former managing director for Overseas Diamonds Inc. and the isee2 brand in North America, has formed a new company called Gembrooke. Read More

Everlon TV commercial
De Beers debuts holiday spot

On Nov. 16, De Beers’ 2009 holiday commercial will begin airing nationwide with the spotlight on the new Everlon Diamond Knot Collection, along with participating retailers’ own Everlon spots. Read More

Dallas Rocks to benefit D.E.F., honor Bush twins

New York--Dallas Rocks, an annual gala event benefiting the Diamond Empowerment Fund (D.E.F.), is just around the corner, with highlights set to include an auction and the presentation of the "Rising Star Empowerment Award" to Bush twins Barbara Bush and Jenna Bush Hager. Read More

Diamond supplier Morris Green, wife found dead

New York--Diamond supplier Morris Green and his wife, Charlotte Green, were found dead in their home on Wednesday, victims of what police say is an apparent murder-suicide, media accounts say. Read More

GemEx digital video contest winners Shaun Fisher and Alex Esteves
GemEx awards Fla. couple $10K prize

Delray Beach, Fla.--A Florida couple recently won an engagement video contest that includes $10,000 in prizes without even saying a word. Read More

J. Birnbach cushion-cut diamond ring
Cushion cuts a sleeper hit in bridal

Something old is finding a new place in the bridal market. The cushion, which became the name for imperfectly cut rounds back in the 1800s, is making the rounds. Read More

De Beers 2009 production expected to be halved

De Beers produced 7.885 million carats in the third quarter ended Sept. 30, bringing year-to-date production to 14.476 million carats, according to an Anglo American plc interim production report. Read More

Pink diamonds from Rio Tinto's 2009 tender
Rio Tinto pink tender 'exceptional'

Perth, Australia--Rio Tinto reports that its Argyle Pink Diamond Tender, showcased around the world from June to September, produced exceptional results that belie the global financial crisis. Read More

Anglo American cuts 2,700 jobs

London--Anglo American plc announced today that it is slashing its overhead staff by 25 percent, a move the company estimates will save it $120 million a year. Read More

Jacob Banda
DDC President Jacob Banda dies at 62

New York--Jacob Banda, president of the New York Diamond Dealers Club (DDC) for the past nine years, died on Friday after battling illness for the past several months. He was 62. Read More

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