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Mercury Free Mining
Group Offers $1M Prize to Nix Mercury in Mining
Nonprofit organization Mercury Free Mining (MFM) hasorganized a global challenge campaign to eliminate the use of the dangerous metal in the industry,with the winning idea earning a $1 million prize, it said Tuesday. More than 15 million artisanal...
Mining Jul 24, 2019 Rapaport News
Julien Drybooms 150
Antwerp Bourse Head to Lead IDC Board
The International Diamond Council (IDC) has elected Julien Drybooms as chairman of its board.Drybooms is the chairman of the Vrije Diamanthandel diamond bourse in Antwerp, and the owner of Drybooms Diamonds. He is also a former chairman of HRD Antwerp,...
Polished Markets Apr 23, 2019 Rapaport News
Avi's Story
Everything Changes, Some Things Stay the Same
The diamond and jewelry trade tends to be reactive rather than proactive. That was clear during the recent conference season, with the World Federation of Diamond Bourses (WFDB), the International Diamond Manufacturers Association...
Polished Markets Nov 08, 2018 Avi Krawitz
Diamond
IDMA, WFDB Consider Joining Forces
The International Diamond Manufacturers Association(IDMA) is considering an alliance with the World Federation of DiamondBourses (WFDB) in response to the crisis in the global cutting sector. “With the changes in the diamond-manufacturing sector’s landscape,as well as due to the...
Manufacturing Nov 05, 2018 Joshua Freedman
Mumbai 150
World Diamond Congress Set for Mumbai
The 2018 World Diamond Congress will take place in Mumbai inlate October, the World Federation of Diamond Bourses (WFDB) said last week. The meeting of the WFDB and the International DiamondManufacturers Association (IDMA)...
Polished Markets Jul 01, 2018 Rapaport News
Israel Diamond Exchange
Diamond Groups Call Off Israel Summit
Industry leaders have canceled next month’s World Diamond Congress in TelAviv, citing low registration and the likely impact ofgeopolitical tensions in the region. The World Federation of Diamond Bourses (WFDB) and theInternational Diamond...
Polished Markets May 10, 2018 Rapaport News
Groups Agree on Diamond Terminology 150
New Guidelines Clarify: ‘Diamond’ Means ‘Natural’
Leading groups in the diamond and jewelry sectors have collaboratedto publish a universal standard to use when referring to natural diamonds and synthetics. The Diamond Terminology Guideline is a reference on diamondvocabulary for all sector organizations,traders and...
Polished Markets Jan 31, 2018 Rapaport News
Israel Diamond Exchange
Israel Gives Trade Time to Come Clean
Diamond companies in Israel have been granted another twomonths to voluntarily disclose their assets, inventory and unreported income tothe Tax Authority.Firms have until the end of February to submit the fullreport of disclosures, as long as they...
Financial-Legal Jan 01, 2017 Rapaport News
WDC Panel
Three Things the Diamond Trade’s Survival Depends On
The diamond industry is waking up to a new reality. Not only are the banks insisting on stricter compliance standards and pipeline integrity, but the largest mining companies and jewelry retailers are rapidly following suit....
Polished Markets Jun 02, 2016 Avi Krawitz
Ronnie VanderLinden
Diamond Congress Raises Marketing Expectations
The diamond industry stressed an urgent need for boosting consumer demand through effective marketing during the opening day of the World Diamond Congress (WDC) in Dubai on Tuesday. Even as industry profitability, bank financing and...
Polished Markets May 18, 2016 Rapaport News
Maxim Shadov
IDMA’s Shkadov Calls for Diamond Price Stability
Roughdiamond prices need to come down by 15 percent but the market needs to stabilizefirst, Maxim Shkadov, president of the International Diamond Manufacturers Association(IDMA) told Rapaport News. “Roughprices need to come down to represent a fair value compared...
Rough Markets Nov 02, 2015 Rapaport News
WFDB Logo
Diamond Trade Subject to Arbitration on Color Grading Standards
Members of the diamond trade may face arbitration for dealing in diamonds with a color grade that differs from industry standards by more than one grade, according to a new policy issued by various industry organizations. The...
Polished Markets Jun 21, 2015 Ronen Shnidman
Presidents' Meeting
Israel's Diamond Leaders Call for Reduced Rough Supply
Major rough diamond producers should reduce rough sales to help bring stability to the diamond pipeline, according to industry leaders in Israel. Shmuel Schnitzer, the president of the Israel Diamond Exchange (IDE), and Jacob Korn,...
Rough Markets Jun 16, 2015 Ronen Shnidman
Eldad Fresher
Mizrahi Tefahot Raises Lending to Israel's Diamantaires by 25%
Mizrahi Tefahot, a Tel Aviv-based bank, raised its lending to the Israel diamond industry by approximately 25 percent in the past year, CEO Eldad Fresher told Rapaport News. “About a year ago, we decided to grow our presence...
Financial-Legal Jun 16, 2015 Avi Krawitz
Presidents' Meeting
Presidents Meeting Opens to Challenges Facing the Midstream
The opening session of the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) presidents meeting in Tel Aviv on Monday highlighted the most pressing issues facing the midstream of the diamond...
Polished Markets Jun 15, 2015 Ronen Shnidman
WDC Meeting 2014
Challenging Congress
The 36th biennial World Diamond Congress that took place in Antwerp this week offered an opportunity for industry leaders to tackle the trade’s most pressing issues. While much of the discussion focused on the reporting...
Polished Markets Jun 20, 2014 Avi Krawitz
IDMA Logo
Shkadov: Diamond Manufacturing Industry Fighting for Survival
Press Release: Diamond manufacturers worldwide are fighting for their survival. They are caught between -- and battered by -- the proverbial hammer, a rough diamond supply system that is foul and faulty and the anvil,...
Manufacturing Jun 16, 2014 IDMA
IDMA Logo
IDMA Concludes Presidents' Meeting in Antwerp
Press Release: The 2013 IDMA presidents' meeting concluded in Antwerp after two days of intensive, but amicable, discussions between participating members from Belgium, Botswana, China, Germany, India, Israel, the Netherlands, Russia, South...
Marketing Oct 11, 2013 IDMA
IDMA Logo
IDMA Calls on Rough Producers to Perform a Reality Check
Press Release: The 2013 presidents' meeting of the International Diamond Manufacturers Association (IDMA) opened in Antwerp today with a strong statement issued by the meeting's participants, reminding the rough producers that "generals cannot win...
Rough Markets Oct 10, 2013 IDMA
IDMA Logo
IDMA Cancels Istanbul Meeting
The International Diamond Manufacturers Association (IDMA) has canceled its president's meeting scheduled to take place in Istanbul this week. The organization cited low registration from its members in addition to security concerns in Istanbul as reasons...
Manufacturing Jun 17, 2013 Deena Taylor
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