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.
Indian traders stop short of banning rough imports
India’s top diamond exporters said no to temporarily stemming the flow of rough into the country but have outlined a number of other measures the trade there will take to deal with oversupply and lagging demand worldwide.
In the KP, familiar battle lines are drawn
The United Arab Emirates seems poised to become the Kimberley Process’s next chair and has struck a surprisingly conciliatory tone, though the NGOs involved in the process say concerns remain.