News
Dual diamond trade record: Dubai realises $41.7B from 359.5M carats in 2025
Dubai recorded $41.7 billion in diamond trade from 359.5 million carats in 2025, setting new records in both value and volume in the same year for the first time, the Dubai Multi Commodities Centre (DMCC) highlighted as it convened the seventh...
Today
DMCC forms education partnership with HRD Antwerp
The Dubai Multi Commodities Centre (DMCC) has announced a new education partnership between the Dubai Design Academy and HRD Antwerp, Europe’s leading authority in diamond and jewellery grading, to expand access to internationally recognized...
Today
Rio Tinto’s diamond production drops by 68% following Diavik closure
Rio Tinto’s diamond production fell by 68% during the first nine months of 2026. This decline follows the closure of the Diavik mine in Canada’s Northwest Territories this March after 23 years of operation due to its depletion.
Today
Ghana sets 2030 deadline to end raw mineral exports
Ghana's President John Mahama has set a target to halt all exports of unprocessed minerals by the end of the decade, as the West African nation seeks to capture more economic value from its natural resources, African Business has reported.
Today
A rare 9-carat pink diamond goes on display after 100 years of its theft
A rare nine-carat pink diamond, stolen from a French château nearly 100 years ago, has been unveiled to the public for the first time.
Today
Growth of the Russian jewellery market: objectively and subjectively
11 october 2007
The demand for luxury goods in Russia is growing at a hot pace. According to Magram Market Research estimates, the luxury market in 2007 will hit $7.5 billion whereas it was $2.5 billion as early as 2005.
Financial reporting
10 october 2007
According to the Russian Accounting Standards (RAS), the net profit of OAO Russkiye Samotsvety (Saint Petersburg) in the first six month of 2007 grew by 2% reaching 44 million roubles.
Government regulation of diamond trade in Canada
08 october 2007
Canada is a country with precious metals and gems industry, which is similar to Russian in its structure.
Diamonds for Kristall
05 october 2007
At the Russian Government meeting on August 30, the Smolensk Kristall jewelry plant managed to secure lobbyist support of Russian top executives.
Russia is flooded with counterfeit goods
01 october 2007
The Russian jewelry market though a fast growing one is flooded with low-quality gold products. The illegal import of Turkish, Chinese and Italian gold products is the main problem undermining the field development.
Although Moscow alone has some 350 manufacturers, 30-50% of retail products is imported with the value constantly growing.
