RAPAPORT. The United Arab Emirates (UAE) will become chair of the Kimberley Process (KP) in 2024, trade leaders in Dubai announced following the organization’s plenary meeting.
The UAE will assume the role of vice chair for 2023 and take the helm the following year, in line with KP.
Israel’s diamond shipments slumped in October as religious holidays compounded the negative impact of geopolitical and economic trends.Polished exports fell 24% year on year to $432.8 million for the month, after returns of unsold goods, the Economy and Industry Ministry reported Sunday. Export.
This past summer, the Gemological Institute of America (GIA) shut its Antwerp laboratory and announced plans to open a new location in Dubai. The organization insisted that the two decisions were unconnected. However, to the observer, the move was a telling indication of the diamond.
RAPAPORT. De Beers is working on a new testing machine for screening some of the tiniest melee diamonds, claiming the move will help the industry spot synthetic stones more efficiently.
The new instrument will enable fast and automated verification of up to 3,600 stones per hour in the.
Lucara Diamond Corp.’s sales dropped in the third quarter as the company supplied fewer large and expensive stones from its lucrative Karowe mine in Botswana.Revenue fell 31% year on year to $49.9 million, while net profit slumped 86% to $1.8 million, Lucara reported Wednesday.Sales of rough.