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De Beers reported a 14 percent drop in rough diamond production in the third quarter of the year, which it attributed to weak demand due to macroeconomic uncertainties and a challenging midstream market.
The Gemological Institute of America is organising quarterly sessions in New York where researchers will share their latest gemmological discoveries on natural diamond formation and lab-grown diamonds, to name a few.
Diamond industry stakeholders talked about the rise of lab-grown diamonds as well as automated diamond manufacturing techniques, among other pertinent topics, at the recently concluded Dubai Diamond Conference.
The revamped Dubai Diamond Exchange facility, which features the world’s largest diamond trading floor, is expected to host a greater number of auctions, including coloured gemstone tenders, according to the Dubai Multi-Commodities Center.