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News
Angola and Botswana Join Forces to Defend Natural Diamonds
5+ day, 6+ hour ago (467+ words) (IDEX Online) - Angola and Botswana are joining forces to strengthen the position of natural diamonds in international markets as they seek to counter growing competition from synthetic stones. The two African producers, who jointly account for almost 30% of the world's…...
Dubai Creates Dedicated Lab-Grown Division
1+ week, 5+ day ago (163+ words) (IDEX Online) - Dubai Multi Commodities Centre (DMCC) says it has established a dedicated lab-grown diamond division, as trade in the stones almost doubled last year to a record 76.9 million carats. It marks the formal and institutional separation of lab-grown and natural…...
US Extends Russian Diamond Import Waiver To 2027
2+ week, 1+ day ago (390+ words) (IDEX Online) - The US has extended a waiver allowing limited imports of Russian-origin diamonds until September 2027, a move seen as practical rather than a softening of sanctions. The Office of Foreign Assets Control (OFAC) renewed General License 104B on August 26, pushing…...
Swiss Watch Exports Rise 9.6%, Led by US Surge
2+ week, 6+ day ago (231+ words) (IDEX Online) - Swiss watch exports increased by 9.6% in July to CHF 2.6 billion (USD 3.3 billion), driven by a 26.5% surge in shipments to the United States as exporters and retailers brought forward deliveries ahead of a new tariff regime. The US introduced…...
India Approves Landmark Tax Break to Boost Rough Trade
3+ week, 2+ day ago (223+ words) (IDEX Online) - India's parliament has passed a 15-year income tax exemption for foreign companies selling rough diamonds through its Special Notified Zones (SNZs). The move is designed to transform India from the world's leading diamond cutting and polishing center into…...