Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp

In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...

22 june 2026

Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report

Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...

15 june 2026

Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens

India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...

01 june 2026

Dr M’zée Fula-Ngenge: Kimberley Process failing Africa

The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...

18 may 2026

ALROSA to Launch Udachny Underground Mine in July

19 june 2014

AK ALROSA mulls commissioning of underground mine at Udachny diamond pipe in Republic Yakutia which will become the fourth underground operation of the diamond miner and the largest mine in Russia, according to a statement by Alexander Makhrachev, CEO of Udachny mining and concentration complex, cited by PRIME.
Udachny diamond pipe has been successfully developed as an open-pit mine since 1971. However in 2016 open-pit mining will be stopped and the field will be operated as an underground mine. By 2019 the mine is expected to reach its full production capacity of 4 million tonnes of kimberlite ore per year.
"In the second half of 2014 we will proceed with concurrent mining with the primary focus to be put on preparing the ore body for mining. Production volumes will gradually increase since 2015, and by 2016 we will reach a volume of 2.4-3 million tones, to gain projected capacity of 4 million tonnes by 2019,"- said Makhrachev.
Udachny mine also includes a second pipe – Zarnitsa – located 22 km from the plant. Zarnitsa was opened in 1954, but its development only started in 1999. "We are developing the pipe at a slow pace, as the diamond grade there is 10 times lower than at Udachny pipe. Now we are engaged in cost reduction, finding cheaper methods of ore shipping to the beneficiation plant at Udachny complex,"- said Mahrachev.