The Israel Diamond Exchange also launched the Carats.IO Diamond Currency during the event.
Strong Chinese and Indian demand may propel diamond prices to new heights in 2018.
Almost all beauty products contain titanium dioxide, which comes from mined minerals.
Experts suggest the demand for gemstones sourced from Asia will continue to surge in 2018.
Some countries are implementing changes to improve local production of raw minerals and lessen dependence on imports.
Armenia is a key supplier of diamonds in the world.
The rare diamonds that were expected to rake in a large amount of money were either unsold or just fetched in way below expectations.
Top producers know that the gemstone market is big that's why an e-commerce expansion is seriously considered.
Sales of rough diamonds in Belgium, Brazil and Botswana have not been impressive so far this year.
The sales of diamonds dipped but experts are expecting a rebound as winter holidays are coming up.