India’s GJEPC Trade Letter for the Diamond Industry

Industry leaders address diamond pricing and demand.

De Beers Cancels August Sight, Combines with October Sale

Miner merges two trading sessions into one September event.

Indian Diamond Manufacturers Cut Production by Around 50%

Factories focus on melee amid slump in demand for larger sizes.

Mountain Province Shifts to Loss as Rough Prices Plummet

Weakened Canadian dollar and mining of lower-grade ore also contributed to deficit.

Kiran Gems to Suspend Production for 10 Days

Indian manufacturer extends August vacation amid oversupply.

Petra Postpones First Tender to Limit Diamond Supply

Miner will offer rough from South African operations in October due to weak demand.

Diamond Prices Decline in July

1-carat RAPI down 7.3% for the month.

Shift in Domestic Spending Hits Hong Kong Luxury Sales

Increased number of local and Chinese consumers are buying abroad.

Rio Tinto Diamond Unit Slumps to Loss

Revenue down 40% year on year in first half.

Weak Rough Prices Hit Ekati Sales

Lower volume also affected revenue.

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