In an extensive analysis, Rapaport's Joshua Freedman takes stock of market sentiment in India and the US. While Indian manufacturers are feeling the pinch of bloated inventories, weak demand and sharp declines in polished prices, struggling to sell even at reduced prices, US traders have more flexibility in aligning supply to actual demand, Rapaport states.

Four incentives have been introduced by the Angolan Ministry of Mineral Resources to support beneficiation manufacturing in the country. The process works towards rewarding manufacturers and miners who take extra measures to treat materials further in their production chains. The four measures that have been introduced are as follows:

Amid the threat of a looming financial recession for the diamond sector in Surat, the GJEPC now seeks a new series of policies they believe will add to manufacturing revenues. This has been another of a late series of attempts by the GJEPC to counter-act the pressures facing India’s diamond sector since the decline of Russian imports and the closure of the Chinese marketplace. 

Sarine Technologies has signed a strategic cooperation agreement with the Delgatto Diamond Finance Fund (DDFF) that will enable DDFF to “significantly” increase the amount of capital it provides to the rough sector, as well as expand the types of structures it offers enable more efficient rough diamond financing, starting from January 15th.

Last week, Van Cleef & Arpels revealed its Legend of Diamonds, 25 Mystery Set jewels. The process took four years to complete, from the moment Antwerp based diamond companies and manufacturers Taché and Samir Gems bought the 910ct, type IIa Lesotho Legend discovered at the Lesotho Letšeng mine, in 2018 to the 67 diamonds that were cut by Antwerp’s high-tech diamond polishing company Diamcad, to the creation of a bespoke Mystery Set collection of 25 unique pieces incorporating the polished stones.