Diamond Developments You Should Be Following: Sept. 2

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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JCK News Director

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