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News In Brief

Asian Star reported group revenue fell 12% year on year to INR 7.48 billion ($78.4 million) in the fiscal fourth quarter ending March 31...

The African Diamond Producers Association has called for the exclusive use of the 4Cs grading system and carat measurements for natural diamonds...

Richemont reported sales rose 5% to EUR 22.42 billion ($26.02 billion) in the year ending March 31, while profit grew 27% to EUR 3.48 billion ($4.03 billion)...

Gem Diamonds reported first-quarter revenue rose 49% year on year to $32.1 million, driven by a 78% increase in the average price to $1,878 per carat...

Hong Kong’s polished diamond imports rose 7% year on year to $2.71 billion in the first quarter, while polished exports increased 9% to $2.98 billion...

Russia plans to introduce diamond export duties to support its struggling domestic diamond-cutting industry...

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