Malca-Amit, a leading international logistics and shipping company serving the diamond, jewelry and watch industries, has joined the World Federation of Diamond Bourses (WFDB) as an Associate Member, it was announced today. This is in keeping with the new WFDB effort to add leading organizations in the global diamond and
Tag: Israeli Diamonds
As consumers in the US reassess their purchasing behaviour in light of the COVID-19 pandemic, gifts that are meaningful and that retain their value will be the priority as people emerge from lockdown, according to new research undertaken over the past nine weeks by De Beers Group. The research
Dear Colleagues and Friends, These are momentous times and change is taking place all around us. The turbulent events of the past week across the United States, Europe and elsewhere are signaling a need for change. When sincere outbursts against police brutality and racism morphed into destruction and
Alrosa has announced that it is cutting its expected production this year from 34 million carats to 28-31 million carats – a 17% reduction, according to IDEX Online. Last month, another major miner, De Beers, cut its production from 32-34 million carats to 25-27 million carats. Credit: Alrosa
The Catoca mine in Angola, the world’s fourth largest diamond mine, has cut its production 2020 guidance by 80%, IDEX Online reports. Credit: Lucapa The state-owned miner Endiama, which operates the mine together with Alrosa, has revised its output to 2 million this year, instead of the 10
The World Federation of the Diamond Bourses (WFDB) has announced that the Ownership Committee of Get Diamonds has decided that the Board of Directors of the Get Diamond Subsidiary, to be formed shortly, will comprise of 12 members: five representatives of major bourses, five diamond dealers from various countries and