SupplyZimbabwe not suspended from Kimberley ProcessFollowing a meeting this week in Namibia, members of the Kimberley Process--the system designed to stem the flow of conflict diamonds into the trade--opted not to suspend Zimbabwe, The Wall Street Journal reports, despite all the problems in the Marange diamond fields. Read More 
De Beers cracking down on Everlon infringementDe Beers is cracking down on companies creating designs that closely resemble its Everlon diamond jewelry. Read More Team from Overseas Diamonds forms new companyShort Hills, N.J.--Joseph Srodawa, former managing director for Overseas Diamonds Inc. and the isee2 brand in North America, has formed a new company called Gembrooke. Read More 
De Beers holiday spot to debut next weekOn Nov. 16, De Beers' 2009 holiday commercial will begin airing nationwide with the spotlight on the new Everlon Diamond Knot Collection, along with participating retailers' own Everlon spots. Read More Dallas Rocks to benefit D.E.F., honor Bush twinsNew York--Dallas Rocks, an annual gala event benefiting the Diamond Empowerment Fund (D.E.F.), is just around the corner, with highlights set to include an auction and the presentation of the "Rising Star Empowerment Award" to Bush twins Barbara Bush and Jenna Bush Hager. Read More Diamond supplier Morris Green, wife found deadNew York--Diamond supplier Morris Green and his wife, Charlotte Green, were found dead in their home on Wednesday, victims of what police say is an apparent murder-suicide, media accounts say. Read More 
GemEx awards Fla. couple $10K prizeDelray Beach, Fla.--A Florida couple recently won an engagement video contest that includes $10,000 in prizes without even saying a word. Read More 
Cushion cuts a sleeper hit in bridalSomething old is finding a new place in the bridal market. The cushion, which became the name for imperfectly cut rounds back in the 1800s, is making the rounds. Read More De Beers 2009 production expected to be halvedDe Beers produced 7.885 million carats in the third quarter ended Sept. 30, bringing year-to-date production to 14.476 million carats, according to an Anglo American plc interim production report. Read More 
Rio Tinto pink tender 'exceptional'Perth, Australia--Rio Tinto reports that its Argyle Pink Diamond Tender, showcased around the world from June to September, produced exceptional results that belie the global financial crisis. Read More Anglo American cuts 2,700 jobsLondon--Anglo American plc announced today that it is slashing its overhead staff by 25 percent, a move the company estimates will save it $120 million a year. Read More 
DDC President Jacob Banda dies at 62New York--Jacob Banda, president of the New York Diamond Dealers Club (DDC) for the past nine years, died on Friday after battling illness for the past several months. He was 62. Read More Panama wants to join Kimberley ProcessRicardo Martinelli, the president of Panama, will be initiating a session at the country's National Assembly within the next few weeks to complete legislation granting the area of the diamond exchange a free zone status. Read More 
Rio Tinto debuts 'silver' diamondsNew York--This coming February, Rio Tinto will roll out "Silvermist," its new silvery-gray colored diamonds that can be used to create more affordable diamond jewelry pieces. Read More 
Will Everlon rope consumers in this holiday?While Everlon's message of enduring love seems like an appropriate pitch to consumers facing unemployment, a shaky job market and mortgage woes, analysts question whether the new campaign is enough. Read More Diamond industry appeals to Panama to promote tradeRamat Gan, Israel--An international delegation of diamond industry leaders met with Panama President Ricardo Martinelli earlier this week, in an attempt to promote the diamond trade in the Central America nation. Read More De Beers class-action payouts possible in springNew York--Anyone waiting to receive money from the De Beers class-action lawsuit settlement could see a thaw in the case this spring, according to information provided by one of the attorneys in the case. Read More Report: KP Certification Scheme failingOttawa, Canada--The Kimberley Process Certification Scheme (KPCS), the process intended to keep blood diamonds out of the trade, is failing, states Partnership Africa Canada's (PAC) annual report. Read More Xstrata scraps Anglo-American bidSwiss mining company Xstrata is walking away from its takeover attempt of mining company Anglo-American. In June, Xstrata made a merger overture to Anglo, which Anglo-American summarily rejected. Read More 
Diamonds sparkle at NYC's natural history museumNew York--A collection of 25 diamonds, including the Olympia Diamond Collection, is on display now through January at the American Museum of Natural History in New York City. Read More Lazare Kaplan submits compliance planNew York--Diamond Trading Co. sightholder Lazare Kaplan International Inc. has submitted a plan that outlines the steps the company will take to avoid being suspended or delisted from the NYSE AMEX LLC, a filing with the Securities and Exchange Commission (SEC) shows. Read More Rapaport Group appoints new chief marketing officerRamat Gan, Israel--The Rapaport Group has announced that Alissa Goren, former head of marketing for the Israel Diamond Institute, has joined the group as its new chief marketing officer. Read More Generic diamond-advertising initiative on holdAntwerp, Belgium--Three mining companies involved in launching the International Diamond Board (IDB), the body created to come up with a generic-advertising campaign for diamonds, have announced they are postponing its start-up phase while they wait for the new leadership at Russian diamond company Alrosa to review the initiative. Read More 
Diamond industry leader Rajshekhar Parikh diesEnglewood, N.J.--Rajshekhar Parikh, founder of Renaissance Diamond Corp., passed away at his Englewood, N.J., home last month following a yearlong battle with pancreatic cancer. Read More Lazare Kaplan granted extension for compliance planNew York--Diamond Trading Co. (DTC) sightholder Lazare Kaplan announced that it has been granted an extension for submitting a plan of compliance to avoid delisting from the NYSE AMEX Stock Exchange, a filing with the Securities and Exchange Commission (SEC) shows. Read More |
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