BHP clears U.S. hurdle in bid for Rio Tinto
London—BHP Billiton announced on Thursday that The U.S. Department of Justice and the Federal Trade Commission (FTC) have essentially cleared the way for its proposed acquisition of Rio Tinto,...
EC appeals De Beers-Alrosa decision
Brussels—The European Commission (EC) has reportedly appealed the July ruling by the European Union's (EU) Court of First Instance, which annulled an EU antitrust decision that barred De Beers...
Turkish jewelry exports exceed $1 billion
Ankara, Turkey—Turkey is a rising jewelry star—second only to Italy within the European Union (EU)—as the country exported $1.172 billion worth of products last year, according to...
EU annuls ruling barring De Beers from buying Alrosa rough
Brussels, Belgium —In a ruling today, the European Union's (EU) Court of First Instance annulled an EU antitrust decision that had barred the diamond giant from purchasing rough diamonds from...
Boycott clouds gem show in Myanmar
The Gems Emporium began on Wednesday and continues through Nov. 26.
New diamond market guide debuts
Santa Barbara, Calif.—The Troy Diamond Report, a new, global diamond market guide, has launched this month to serve as a resource for the diamond industry, according to a media release.
Myanmar's rubies—bloody color, bloody business
The military regime in Myanmar is funded by the sale of sapphires, pearls, jade and, most of all, rubies—its biggest earner. Since 1964, when Myanmar generals began holding official sales of...
Faberge pursues deal with Alrosa
London—Faberge is seeking a deal to market gems from state-run Russian diamond giant Alrosa, a top official from Pallinghurst Resources, which owns the Faberge brand, told The Moscow Times on...
DTC revises sightholder application process
Ramat Gan, Israel—In a presentation to Israeli diamantaires on March 1, the Diamond Trading Co. (DTC) announced changes to the sightholder application process—including applying...
Antwerp's diamond offices raided
Antwerp, Belgium—Belgium's federal police raided offices in Antwerp's diamond district last week, confiscating $150 million in goods, the Antwerp World Diamond Centre (AWDC) confirmed to...
Thais fret over looming Burmese ban
Bangkok, Thailand—A strong Thai presence at the ongoing gemstone auction in the military-ruled state of Myanmar (formerly Burma) may jeopardize Thailand's opportunity to export to Western...