‘Diamond Squad’ head accused of money laundering
An Antwerp law enforcement official who has been spearheading investigations into wrongdoing in the diamond industry for more than a decade now finds himself on the other side of the law.
Gem Diamonds revenue up 27 percent in 2014
After a year that saw mostly strong prices for both rough and polished diamonds at tender for the miner, Gem Diamonds’ revenue for the fiscal full year ended Dec. 31 hit $270.9 million.
DEF announces first Indian beneficiary
The Diamond Empowerment Fund has named the nonprofit Veerayatan as the first educational institution in India to receive its funding, awarding it a $50,000 grant.
Diamond prices remain ‘under pressure’
Polished diamond prices continued to slip in February though the market did see a bit of a lift for 1-carat stones, Rapaport’s RapNet Diamond Index shows.
Petra Diamonds revenue up 16 percent
Despite production dropping 2 percent, the mining company saw a substantial increase in revenue in the first half of fiscal year 2015.