Apr 12, 2024 · Diamond analyst Paul Zimnisky predicts that global diamond mining output will reach just 105 million carats this year, marking the lowest volume since 1995. In a recent article, Zimnisky emphasizes that this figure is particularly striking given that in 1995, diamond mining in Canada and Angola had yet to commence. Today, Canada and Angola rank as the world’s third- and fourth-largest ...

Nov 25, 2024 · Botswana’s new president expressed confidence that his country’s diamond agreement with De Beers will continue and that the two partners will resolve any remaining issues, as reported by IDEX Online.. Botswana’s President Duma Boko, who was elected in Botswana’s October elections, recently hosted De Beers CEO Al Cook and Duncan Wanblad, CEO of Anglo American, De Beers’ parent company ...

Dec 23, 2024 · Russian mining giant Alrosa reported a 4.6% decline in diamond production for 2024, with total output falling to 33 million carats of rough diamonds, down from 34.6 million carats the previous year, according to Rough&Polished.. However, the state-owned Russian mining company maintains, according to a report by IDEX Online, that it has no intention of lowering production volumes in the future.

Jan 12, 2024 · De Beers is set to further cut down the number of its sightholders in a strategic move to foster partnerships that “create value,” according to IDEX Online.. Speaking at the Facets 2024 conference in Antwerp on November 26, CEO Al Cook emphasized that the selection criteria for sightholders will prioritize quality over quantity.

The Israeli diamond industry plays a pivotal role in the global diamond industry and trade. Due to its extensive experience, strong ethics, unique skills, innovative thinking, and locally developed diamond technology, the Israeli industry has a well-established and respected reputation.

Mar 12, 2024 · Diamond prices appear to be stabilizing, driven primarily by a decline in diamond supply, according to the IDEX diamond price index published by IDEX Online.. The report indicates that increased demand ahead of the holiday season has contributed somewhat to rising prices. However, the primary driver of price increases is a relative shortage of rough diamonds.

Nov 2, 2024 · Mazal and Bracha: Understanding Mazal Meaning and its Connection to Buying Diamonds “Mazal and Bracha” is the traditional phrase the diamond industry uses when closing a deal.

Dec 14, 2023 · The Israel Diamond Institute (IDI) recently launched a new website showcasing a limited edition collection of diamond jewelry, drawing inspiration from Jewish and Israeli motifs.

Oct 21, 2024 · De Beers is planning to further reduce the number of its sightholders, according to a report by IDEX Online.. The diamond company revealed last month that, starting in January 2026, it plans to decrease the number of companies directly purchasing rough diamonds from it, according to the report.

Dec 31, 2024 · Retail sales in the U.S. during the holiday season rose by 4.8% compared to the same period last year, driven by improved consumer confidence, according to a report published by Visa and covered by Rough&Polished. The report highlights that the clothing and accessories category, which includes ...