How much diamond prices decreased, millions in diamonds disappear in Russia, and other stories on the industry’s radar this week.
– Belgian dealer allegedly defrauded Antwerp Diamond Bank. Indian underworld boss dabbles in conflict diamonds.
– Millions in diamonds vanish from “Russia’s Fort Knox.” Startup targets diamond theft. Hatton Garden safe company hit by theft goes bankrupt.
– Time on the persistence of blood diamonds, how they enter the supply chain, and how to avoid buying them. Has De Beers uncovered Kimberley Process mistake?
– Bloomberg: Prices lowered 9 percent at De Beers sight. (Also: Jezebel.) Rapaport says more than 10 percent. Quartz: How Botswana is hurt by diamond price drops. Russia may lower diamond prices again.
– Same-sex marriage could make engagement ring market explode, says HuffPo. Not so fast, says IDEX.
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