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 will manufacture up to 400,000 ‘lab-grown’ diamonds in new Gresham factory

10 november 2020

(oregonlive.com) - Does a diamond lose its luster if it comes from a factory, in Oregon? De Beers is betting nearly $100 million on big demand for a new class of gem manufactured in a Gresham laboratory instead of emerging from millennia of natural forces under the earth. And it’s gambling the manufactured diamonds won’t undercut its core market for the far more valuable traditional variety. The Gresham gems, marketed under the Lightbox brand, sell for just $800 a carat. A comparable natural diamond might run somewhere between $3,000 and $6,000 per carat.