DMCC signs strategic MoU with Botswana Stock Exchange to boost commodity exports

Dubai Multi Commodities Centre (DMCC) has signed a strategic Memorandum of Understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of the Botswana Mercantile Exchange, to strengthen Botswana's access to...

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BDB’ Mehul Shah elected new WFDB president

Mehul Shah, vice president of Bharat Diamond Bourse (BDB), was elected new president of the World Federation of Diamond Bourses (WFDB) during the Presidents’ Meeting of the organisation that took place at the 41st World Diamond Congress...

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Dubai diamond trade hits record $41.7 billion in 2025, surpassing 2011 peak

Dubai's total diamond trade hit a record of $41.7 billion in 2025, exceeding the previous peak of $40.9 billion in 2011, as reported by Dubai Multi Commodities Centre (DMCC) based on Dubai customs data.

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NUM condemns De Beers' Venetia mine pause, threatening over 1,200 jobs

The National Union of Mineworkers (NUM) has strongly condemned De Beers' decision to pause production at the Venetia mine in Limpopo for two years and to issue a Section 189A notice to employees, a move the union says threatens the livelihoods...

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Europe’s first rare-earth recovery plant to be built in Italy

Europe’s first industrial-scale plant for the recovery of rare earths from permanent magnets sourced from WEEE (waste electrical and electronic equipment) is to be built in the province of Frosinone in Italy.

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De Beers Turns to Tech as Layoffs Loom

14 august 2020

(diamonds.net) - De Beers is no stranger to changing strategy. Throughout its 130-plus-year history, the company has often adjusted its approach, sometimes with just a few tweaks, and on other occasions with radical consequences for the diamond market. Its next incarnation implements a bit of both as the company aims to emerge from the Covid-19 crisis a sleeker, more flexible and more tech-savvy organization that it hopes will increase the efficiency of the diamond supply chain.