GIA bans client for alleged false inscriptions
The Gemological Institute of America is no longer grading stones from one Indian company after that company allegedly submitted multiple diamonds inscribed with report numbers for other stones.
De Beers Q2 production drops
The volume of rough diamonds mined by De Beers fell 6 percent in the second quarter due in part to the company cutting back in response to “softer” trading conditions.
Diamond prices soften in June
Diamond prices continued their decline last month as markets were relatively quiet due to weak post-Vegas demand in the United States, the Rapaport Group’s monthly price report states.