Imports were down 33.2% to just $349.4 million as the average price of imports sank 72.5% to $24.44 per carat, compared to August.
De Beers Diamond Jewellers introduced its latest Asian collection in Taipei, drumming up attention with a high profile event that included an award-winning actress and models.
De Beers Diamond Jewellers has opened its first boutique in Shanghai, increasing the number of outlets in China to four.
Zale's revenues increased 7.1% to $1.87 billion in the 2012 fiscal year, the company announced. The improved results were not enough to pull the company into profit, posting a $27 million loss.
The promotion of diamonds and diamond jewelry to consumers will feature prominently in discussions at the October World Diamond Congress (WDC).
Methane gas is thought to have been responsible for an explosion that killed two workers digging a mine in Yakutia last week.
Rio Tinto is "looking at multiple options" for its diamond business and plans to sell the diamond assets are "well advanced," according to Chief Financial Officer Guy Elliott.
Dire predictions about a severe decline in Europe's population over the next several decades have been revised to show that the number of people in the region will drop only modestly – from 740 million today to about 732 million 2050.
The migration of worldwide diamond aggregation in Gaborone, Botswana, which began Tuesday, marks the first phase of the relocation of De Beers' sales activities to Botswana as part of the sales agreement between the company and Botswana.
Okavango Diamond Company (ODC), the new diamond trading enterprise owned by the Botswana government, today (Monday) announced its interim board with Toby Frears as its first managing director.
Israel's net polished diamond exports were revived in July when compared to June, up 154.9% to $237.3 million. The increase hides however, a bitter truth – the country's exports are declining.
The Diavik diamond mine in Canada produced 1.79 million carats of diamonds in the second quarter of the year, comparable with the figures for the previous year.
Another month of declines in Belgium's rough diamond trade.
After the surprise decline in Japan's polished diamond imports in April, they were revived in May, returning to the levels seen in preceding months.
As part of its systematic review of all current rules and Guides, The FTC (Federal Trade Commission) is seeking comments from members of the trade and consumers about revisions to the Jewelry Guides.
As diamond traders continue to express concerns over undisclosed lab-made diamonds, a Hong Kong firm is offering a low cost way to identify them. Their solution is a $200 laser pen.
While Belgium's polished diamond trade improved in May, it was far below the level of 2011. The downward trend reflects a difficult trading environment and falling demand in the global markets, as well as the tough economic situation in Europe.
Lucara Diamond Corp. sold 26,196 carats of Karowe diamonds through its new online auction system. The total revenue from the sale was $5.64 million, averaging $215 per carat (p/c).
Large double-digit declines in the value of rough diamond trade by the U.S. in April. Rough diamond imports of $29.7 million fell 24.7 percent year on year.
A group of industry organizations convening in Las Vegas Sunday intends to tighten lab submission terms and improve transparency in the diamond industry.
The World Diamond Council has paid a special tribute to De Beers Chairman Nicky Oppenheimer at a gala dinner in Vicenza, Italy.