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The Challenge for the Diamond Industry: Rebranding Itself To Secure its Future

The latest thought leadership report from the DMCC, entitled ‘Diamonds Changing Forever’, has come exactly at the right time. Following the success of the 2019 Dubai Diamond Conference in September, which featured in-depth panel discussions on the most important challenges facing the diamond industry, the DMCC's report gets to the heart of the issues. It's no secret, of course, that the diamond trade is facing a wide range of problems. That has been the case for all of 2019 and indeed for the past several years.A "perfect storm" has been created of rising rough prices, static or declining polished prices, shrinking profitability – if any at all, and declining finance options as the banks have pulled out one after another. Meanwhile, there is an ongoing conflict with the laboratory-grown diamond Read more »

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Albert Robinson
Vice President-International Business

DMCC PUBLISHES DIAMOND TERMINOLOGY GUIDELINE IN ARABIC

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – released today the approved Arabic translation of the ‘Diamond Terminology Guideline’. The guideline sets a universal standard for the diamond and jewellery trade when communicating about diamonds and laboratory-grown diamonds. The guideline provides clear and accessible terminology to eliminate confusion

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New Governors Add Expertise to GIA Board

GIA (Gemological Institute of America) welcomed two new members to the Institute’s Board of Governors at its regularly scheduled meeting in Carlsbad, CA. The new Governors, Dr. Jeffrey E. Post, research geologist at the Smithsonian National Museum of Natural History, and Tammy Storino, a finance and operations executive with experience in global consumer brands, will – with 15 other GIA

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The Israel Diamond Exchange is Gearing Up for an Exciting IDWI 2020

The Israel Diamond Exchange (IDE) is gearing up for a very exciting International Diamond Week in Israel (IDWI), to be held from February 10 – 12, 2020. The annual event is held on IDE’s immense trading floor and attracts hundreds of

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KP Chair urges for inclusive, deliberative and consensus-based decision making approach at the KP Plenary

The Kimberley Process Plenary Meet commenced at the national capital, New Delhi today. The five-day meet which starts today, ends on Friday, November 22, 2019. KPCS is an international mechanism mandated by UN to reduce the flow of conflict diamonds which were being used to finance wars

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