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.
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.
Gemstone marketing in the Asia Pacific has taken a more distinct and aggressive approach.
2018 promises to be a big year for platinum industry if it can offset weak demand for fuel cell cars.
Adding pressure to Israel's diamond industry is the fact that India has taken its spot in the global market.