RAPAPORT. De Beers has increased rough-diamond prices by an average of around 4% to 5% at this week’s sight as momentum in the market continues.
The changes focused on rough above 1 carat, with prices of smaller diamonds stable, market insiders told Rapaport News. The hikes were around.
JCK’s first diversity grant has gone to the Black in Jewelry Coalition (BIJC), which will use the funds in its efforts to help Black professionals progress in the industry.“This grant helps us hit the ground running with many of the initiatives we have planned this year and beyond,” BIJC.
RAPAPORT. Lucapa Diamond Company recovered a 215-carat rough from its Mothae mine in Lesotho, the largest high-quality stone it has found at the deposit.
The D-color, white, type IIa diamond is the second stone over 200 carats the miner has unearthed since it began commercial operations.
Lucara Diamond Corp.’s sales fell in 2020 as the miner held back special-sized rough from its Karowe mine in Botswana in the first half amid weak market prices.“The measures that Lucara took early in the pandemic, including the decision not to sell rough diamonds in excess of 10.8 carats…,.
RAPAPORT. Boaz Moldawsky has been elected president of the Israel Diamond Exchange (IDE) for a three-year term, succeeding Yoram Dvash.
Moldawsky, who has previously served as vice president of the IDE, won after two rounds of voting, the IDE said Sunday. The co-CEO of the Moldawsky Group, a diamond-manufacturing and trading company, has also been chairman of the Israel Diamond Institute (IDI). Although he was elected to a three-year term at the IDI in 2019, he resigned in November 2020 and was replaced by Dvash.
The IDE also elected 16 additional members to its board of directors, the bourse noted.
“The members of the diamond exchange have chosen an experienced and responsible management [team],” said Moldawsky. “It is an honor and privilege for me to lead the exchange in the coming years, and especially during such a complex and challenging period for the industry. The diamond exchange represents a key sector of the Israeli economy and I am convinced that we will bring it