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New York spot gold shot up to a record high in late-afternoon trading. Gold for immediate delivery was up 1 percent today on average and hit a record $1,531.40oz Read More

Mining giant Rio Tinto's gross sales revenue from its diamond operations in 2010 stood at $682 million, the company announced in its annual report, released last week. This represents significant growth over the $450 million in gross diamond sales realized in 2009 Read More

Certified polished diamond prices rose significantly in March, driven by consumer demand in the Far East and India and reinforced by strong dealer trading. Shortages resulting from a lack of manufacturing meant buyers could offer little resistance to higher prices. Read More

Zimbabwe moved one step closer to legally exporting goods from its Marange mine after all members of the Kimberley Process approved a proposal to enable the exports, Rapaport reported. Read More

Erez Daleyot, Group CEO of DD Manufacturing (DDM), one of the world’s leading diamond manufacturers and a DTC Sightholder, was successful in his generous bid at the Diamond Empowerment Fund auction held in London last November Read More

The Sparkle-2011 gem and jewelry expo, which closes today in Surat, India, will help create brand value for the diamonds and jewelry manufactured in Surat, Chief Minister Narendra Modi said Thursday at the opening ceremony for the four-day show. Read More

According to the provisional figures from the Gem and Jewellery Export Promotion Council (GJEPC)the overall exports of gems and jewellery at US$ 3,303.71 million (Rs 14,919.54 crores) in the month of December 2010 is showing a growth of 70.49% Read More

The diamond markets recovered in 2010 as significant increases in consumer demand from India, China and Far East markets, as well as a relatively healthy U.S. holiday season supported higher prices. Read More

A rare pink diamond that is regarded as one of the most desirable and beautiful in the world could reach records when it goes under the hammer in Geneva next week, according to Sotheby's.

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