(Rapaport) - The diamond industry is encouraged by prospects of stronger economic growth in 2014. The year has started with positive sentiment in the polished market and steady activity in rough that has brought renewed optimism to the trade. There is a sense that the five-year recovery from the 2008 downturn has finally taken hold.
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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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