Monday 3 August 2015
 
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DMCC initiative to host diamond financing seminars

The Dubai Diamond Exchange, a DMCC initiative, is planning to hold three seminars on diamond financing this year, underscoring the growing importance of the issue for the global diamond industry. Finance and liquidity was one of t

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'Extremely rare' pink diamond set for auction

Sotheby's auction house has said it will auction off an extremely rare and historically important pink diamond and an equally exceptional Burmese ruby next month, hoping to get up to $18 million for each. The Historic Pink Dia

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Fomer EU President to open Dubai Diamond Conference

The Dubai Diamond Exchange (DDE), the region’s only diamond and precious stones trading platform, has announced Herman Van Rompuy, former EU President, as the opening speaker for the Dubai Diamond Conference 2015. The conference w

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Rio Tinto to invest $500m in India diamond project

Global mining company Rio Tinto plans to invest $500 million in a diamond project in the Indian state of Madhya Pradesh, its chief executive officer Sam Walsh said on Monday. The company is waiting for environment approvals from the Ind

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$8bn worth diamonds on show at Dubai jewellery expo

More than a million diamonds worth over Dh29.39 billion ($8 billion) will be on show at the Dubai International Jewellery Week 2014 to be held next month. The show will run from December 3 to 6 at the Dubai World Trade Centre, where ind

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Petra finds $10m-plus white diamond

Petra Diamonds has recovered a 232.08 carat white diamond at its Cullinan mine in South Africa, which three analysts said could fetch between $10 million and $16 million. Shares in the diamond miner climbed as much as 6.5 percent

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Istana unveils Mimi’s Etoile diamond collection

Istana, a renowned multi-brand jewellery retailer in the UAE, has unveiled Mimi’s Etoile, the all-diamond collection blending white gold and diamonds set in five or seven-petal blooms and fashioned into garland necklaces, earrings, penda

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De Beers unveils 'one-of-a-kind' diamond necklace

A one-of-a-kind diamond necklace from De Beers Diamond Jewellery was revealed yesterday (June 25) at the launch of Moda Mall's Ramadan campaign.   The Diamonds in the Sky campaign features a special stage set

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100-carat yellow diamond nets $16.3m

A 100-carat yellow diamond has sold for 14.5 million Swiss francs ($16.3 million) to a private buyer, the star lot in a Geneva jewellery sale that Sotheby's auction house said fetched 125.5 million francs overall. The "Gr

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Factory unrest threatens bid to revive Egypt economy

Egypt's next president is likely to face a far more complex problem than cracking down on Islamists - meeting the demands of workers desperate for decent jobs and wages. While the authorities have cowed the Muslim Brotherhood

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