Israeli Diamond Industry

Wishing you a sparkling Rosh Hashanah filled with health, joy and prosperity. May this new year be as brilliant as the finest diamonds! ✨🍯🍎

Al Cook, CEO of De Beers, anticipates a gradual recovery for the natural diamond market in the near future

De Beers CEO Predicts Natural Diamond Market Recovery in 2024 - Israeli Diamond Industry De Beers CEO Al Cook predicts the natural diamond market will gradually recover later in 2024, despite ongoing challenges. Click to read

Jewelry sales in the U.S. remained steady in August as consumers purchased more items but spent less per piece, raising some concerns for the industry. Nevertheless, there are positive signs, according to diamond analyst Edhan Golan

Analysis: August Jewelry Sales Steady, But Inventory Growth Signals Market Shifts - Israeli Diamond Industry Jewelry sales held steady in August following significant gains in July, with consumers buying more items but spending 1% less per piece

Anglo American says both selling De Beers or launching an IPO are "very much on the table"

De Beers is considering an IPO - Israeli Diamond Industry Mining giant Anglo American is weighing whether to proceed with an Initial Public Offering of diamond company De Beers or sell the company

Signs of Recovery?
July saw an increase in U.S. sales of loose diamonds and diamond jewelry, suggesting a potential rebound in natural diamond sales, though whether this momentum will last remains uncertain

Jewelry Sales Grow in July Amid Consistent Demand for Natural Diamonds - Israeli Diamond Industry July saw a 6.5% rise in U.S. jewelry sales compared to last year, with continued interest in natural diamonds as the standout trend

Most categories continued to experience price declines, but the mixed trend might suggest early signs of recovery in the natural diamond market

Price Increases in Some Diamond Categories in August - Israeli Diamond Industry The prices of diamonds weighing 2 carats and above increased in certain categories during August, suggesting early signs of market recovery

Lucara just uncovered a massive 2,492-carat diamond at the Karowe Mine in Botswana – the second largest ever found, right behind the legendary 3,106-carat Cullinan

Second Largest Diamond Ever: 2,492 Carats Discovered - Israeli Diamond Industry Canadian company Lucara reports the discovery of a massive 2,492-carat diamond at the Karowe Mine in Botswana - the second largest ever found

Dubai's diamond trade saw a remarkable surge in the first half of 2024, highlighting the city's growing prominence in the global diamond industry

Dubai's Natural Diamond Trade Surges 12% in H1 - Israeli Diamond Industry The Dubai diamond trade saw 12% increase in 2024 H1, amounting to 119.4 million carats, including 113.1 million carats of rough diamonds

India’s diamond industry is set for a boost following new measures in the July budget that allow direct diamond sales from foreign mining companies and reduce taxes on essential raw materials

India Slashes Taxes to Spark Diamond Industry Growth - Israeli Diamond Industry India's diamond industry is set for a boost following new measures in the July budget that allow direct diamond sales from foreign mining

If you can imagine it , they can shape it 💎
Meet Shirael Platinum Diamonds, specializing in unique fancy shapes

From Guns to Poodles: A Visit to Shirael Platinum, Specialists in Unique Diamond Cuts - Israeli Diamond Industry Shirael Platinum Diamonds was founded in 2002 by Herzl Cohen. Today, he continues to lead the company, specializing in unique fancy shapes

Karen Rentmeesters, who stepped in as interim CEO of the Antwerp World Diamond Centre (AWDC) in April, has been appointed to the role permanently

AWDC Appoints Rentmeesters as Permanent CEO - Israeli Diamond Industry Karen Rentmeesters, who stepped in as interim CEO of the Antwerp World Diamond Centre (AWDC) in April, has been appointed to the role .

India experienced a significant downturn in the rough and polished diamond trade during June

India's Gem & Jewelry Trade Dips in June 2024 - Israeli Diamond Industry India’s Gems and Jewellery Export Promotion Council (GJEPC) has released its June 2024 data, revealing a significant downturn

De Beers is set to announce another reduction in its 2024 production forecast due to deteriorating market conditions, particularly in China

De Beers Faces Another Production Cut Amid “More Challenging Conditions” - Israeli Diamond Industry De Beers is set to announce another reduction in its 2024 production forecast due to deteriorating market conditions

Newly-appointed Antwerp World Diamond Centre president and vice-president call for additional verification points to enforce sanctions on Russian diamonds effectively

New AWDC Leaders Urge More Diamond Checkpoints - Israeli Diamond Industry The newly-appointed president and vice-president of the AWDC (Antwerp World Diamond Centre) board of directors are calling

JCK exceeded expectations, De Beers unveils a new strategy, and natural diamonds face a big challenge. Diamond analyst Edahn Golan shares key trends and insights from June 2024

June 2024 Diamond Industry Analysis: Key Trends and Insights - Israeli Diamond Industry A recent analysis by diamond industry expert Edahn Golan explores the state of the diamond industry in June, highlighting its central stories

Gem Diamonds has recovered its 8th diamond over 100 carats this year from the Letseng mine, a significant turnaround from just five in 2023

The Gift that Keeps On: Eighth 100+ Carat Diamond Found at Letseng in 2024 - Israeli Diamond Industry Gem Diamonds has recovered its eighth diamond over 100 carats this year from its Letseng mine in Lesotho, acc

The IDEX Polished Price Index fell by 2% in June, yet monthly drops are smaller than in past years, with slight increases in 3.0-carat and 4.0-carat diamonds

June Woes: Polished Index Sees Largest Monthly Drop of 2024 - Israeli Diamond Industry The IDEX Polished Price Index for polished diamonds fell by 2% in June, marking its steepest monthly decline this year and the

Who are the potential buyers of De Beers? What challenges could arise during the sale, and which scenario seems the most plausible?
Diamond industry analyst Edahn Golan delves into the industry's hottest topic

Analysis: What a De Beers Sale Might Look Like - Israeli Diamond Industry A recent analysis by trend analytics firm Tenoris, featuring insights from diamond industry analyst Edahn Golan, delves into the hottest

Happy Fourth of July to all our American friends and colleagues!
Wishing for liberty and freedom to shine forever bright as diamonds! 🎉💎

De Beers' June rough diamond sales were the lowest so far this year, marking a 31% drop compared to the same period in 2023, mainly due to economic growth challenges in China

De Beers Sales Drop to $315 Million in Latest Cycle - Israeli Diamond Industry De Beers announced a fall in rough diamond sales to a provisional $315 million during its June cycle, IDEX Online reports.

Gem Diamonds has just discovered a magnificent 172.06-carat diamond, marking the seventh diamond over 100 carats found this year and surpassing last year's total of five

Gem Diamonds Unearths Two Massive Diamonds in One Week - Israeli Diamond Industry Gem Diamonds has unearthed two diamonds over 100 carats within a week from its Letseng mine in Lesotho, IDEX Online reports.

The Eden Rose, an internally flawless 10.20-carat fancy Intense Pink diamond, exceeded its high estimate at Christie’s New York

10.52-Carat Pink Diamond Rakes In Mind-Boggling $13.3 Million - Israeli Diamond Industry The Eden Rose, an internally flawless 10.20-carat fancy Intense Pink diamond, exceeded its high estimate by selling for $13.3 million

De Beers has launched an ambitious plan to become the premier jewelry brand worldwide

De Beers Unveils Five-Year Plan to Dominate Luxury Jewelry Market - Israeli Diamond Industry De Beers has launched an ambitious five-year plan to become the premier jewelry brand worldwide, Diamond World reports.