WFDB On-line Trading Platform Takes Industry by Storm

Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world’s largest B2B diamond digital marketplace. Today the number of diamonds listed is over 1,200,000,...

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Gold Price Expected to Continue to Climb in 2020

New York—Gold is expected to average more than $1,400/oz. next year, up from $1,360 this year, a recent Reuters poll shows. Reuters publishes a precious metals price poll every quarter, combining predictions from two dozen or more analysts. In the latest poll, done at the beginning of...

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Letšeng Pink Sells for Almost $9M

Gem Diamonds has announced the sale of a 13.33-carat pink diamond, discovered in February at its mine in Lesotho, for $8.8 million. The tender sale, which took place in Antwerp, represents a record per-carat price of $656,933 for the company, it said Thursday. The result builds on...

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High-Value Rough Demand Boosts Alrosa Revenue

Alrosa’s sales climbed 14% to $294.9 million in August due to strong demand for higher-value rough diamonds, the miner reported. “Despite [the] traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before,” Yury Okoemov, Alrosa’s deputy CEO for...

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