India is rapidly emerging as the global powerhouse in the production and export of lab-grown diamonds (LGDs). With a combination of technological advancements, skilled labor, and a cost-effective environment, the country is poised to dominate the burgeoning market. The surge in LGD production has been fueled by a significant drop […]
Petra Postpones First Tender
Petra Diamonds has announced the postponement of its first tender for the 2025 financial year, originally scheduled for August and September. The decision comes as the diamond industry grapples with softening demand and oversupply concerns. The London-listed company will defer all South African goods from the tender, combining them with […]
De Beers Faces Another Production Cut in 2024
De Beers, the world’s leading diamond company, is bracing for another round of production cuts in 2024. Following a challenging year marked by subdued consumer demand, particularly in key markets like China, the diamond giant is adjusting its operations to align with prevailing market conditions. The decision to reduce […]
Indian Consumers Still Prefer Natural Diamonds
Despite the growing popularity of lab-grown diamonds globally, Indian consumers remain steadfast in their preference for natural diamonds. A recent study conducted by [Research Firm] reveals a strong inclination towards natural stones, defying the trend observed in other major markets. India, with its rich cultural heritage and deep-rooted traditions, has […]
Dubai: A Sparkling Hub for the Diamond Industry
Dubai has solidified its position as a global diamond trade center in recent years. Several key developments have contributed to its prominence in the industry: Dubai’s Diamond Trade Flourishes Record-breaking Trade Figures: The Dubai Multi Commodities Centre (DMCC) reported a substantial increase in diamond trade in 2023, with a total […]
A Diamond in the Rough: The Value of Aspen Brown’s Find
On September 1, 2022, a young girl named Aspen Brown made a discovery that would change her life forever. While celebrating her seventh birthday at Crater of Diamonds State Park in Murfreesboro, Arkansas, she unearthed a stunning 2.95-carat golden brown diamond. The find was a sensation. The park, already a […]