SupplyIndustry calling for swift action on ZimbabweJewelers 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 planNew 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 SeptemberAs 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 listAntwerp, 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 IDSNew 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 ZimbabweChicago--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 Jeweler lets customers see live diamond inscribingTustin, 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 KPIndicating 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 projectLondon--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 ZimbabweWindhoek, 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 2010Jerusalem--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 ProcessNew 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 De Beers cracking down on Everlon infringementNew 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 companyShort 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 De Beers debuts holiday spotOn 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 twinsNew 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 deadNew 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 awards Fla. couple $10K prizeDelray Beach, Fla.--A Florida couple recently won an engagement video contest that includes $10,000 in prizes without even saying a word. Read More Cushion cuts a sleeper hit in bridalSomething 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 halvedDe 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 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 jobsLondon--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 DDC President Jacob Banda dies at 62New 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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