Russia’s biggest diamond mining firm sees China overtaking the U.S. as the world’s top buyer of the precious gemstone.
Trans Atlantic Gem Sales, also known as TAGS, held another successful diamond tender in early August, selling almost $21 million worth of rough diamonds.
Gem Diamonds rakes in millions after selling diamonds of more than 100 carats procured at its top mining site.
Millennials have also posed a challenge for the diamond industry.
Throughout the first six months of the year, Lucapa has extracted a total of 118 "special diamonds."
The new facility is called Triple A, and it is near another Pandora facility at Gemopolis.
Angola's Catoca lost almost $500 million as a result of underpricing due to the government's marketing system.
Mountain Province Diamonds discovers "white octahedron," a 95-carat diamond unearthed from the Gahcho Kue mine in Canada.
Following the implementation of VAT last January, the trade in the UAE dropped by 60 percent.
The GemFair program's pre-pilot stage will take place in West Africa's Sierra Leone.