The World Federation of Diamond Bourses (WFDB) has appointed Kim Pelletier CEO of its newly formed Get Diamonds business-to-business trading platform. The federation says Get Diamonds is the only nonprofit diamond trading platform with a focus on “by the industry, for the industry”.

For the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting and polishing factories closed and trading floors shuttered. Now, a capitulation on prices by the biggest miners is sparking the industry back to life. After refusing to budge on

TSX-V-listed Diamcor Mining has announced that it will publish its financial results for the year ended March 31 on September 14, in accordance with an extension granted by the relevant authorities. The company, which owns the Krone-Endora at Venetia diamond project, in South Africa, initially intended to publish its full-year

Russian diamond miner Alrosa joined rival De Beers in cutting prices for its gems, but with a twist — the company changed its billing system so buyers can’t tell which stones are discounted, or by how much. The two biggest producers for months refused to cut prices even as sales