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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A Tougher Third Quarter

09 july 2014

(Rapaport) – The second quarter was always going to be a quieter period for the diamond trade. This time of year is traditionally a slower period for the market, despite the fairly busy trade show schedule. In the coming months, things will likely get worse before they get better. The third quarter tends to bring sharper declines before demand typically improves closer to the holiday season, when prices subsequently firm up.