Tag: dubai diamond exchange

De Beers Faces Another Production Cut Amid “More Challenging Conditions”

De Beers is set to announce another reduction in its 2024 production forecast due to deteriorating market conditions, particularly in China, IDEX Online reports.   Duncan Wanblad, CEO of De Beers’ parent company Anglo American, stated that his team is “actively assessing options with our partners to further reduce production
52 Views
Read more

Diamond Face-Off: Oval vs. Radiant

Oval shapes and radiant cuts are the two most popular shapes of the last several years. Since the two are fairly different in appearance, choosing between them could be difficult. We’re here to break down each cut and see how they compare and contrast.

61 Views
Read more

KP Report: Diamond Industry Faces 20% Drop in 2023 Value

The global value of rough diamonds mined in 2023 dropped by over 20%, from $16 billion in 2022 to $12.7 billion, according to the latest Kimberley Process (KP) figures as quoted by IDEX Online.   Year-to-year, the volume of diamonds mined decreased by 7.6% to 111.5 million carats, with the
56 Views
Read more

Russian Rough Exports Drop 12% in 2023

In 2023, Russia’s diamond exports decreased by 12% to 32.4 million carats compared to 2022, according to a Kimberley Process (KP) report quoted by Rough & Polished. The value of Russia’s rough diamond exports also fell to $3.7 billion from $3.87 billion. Diamond production in Russia declined by 11% to
79 Views
Read more