Polished diamond news

  • $73m Diamond Smuggling Suspects and the Dollar Bill Codes
    on 30 July 2026 at 11:00 am

    Gang members suspected of smuggling $73 million of diamonds into Vietnam allegedly used the serial numbers from US dollar bills as a secret authentication code. The stones were hidden in luggage, shoes, and clothing and illegally brought from Hong Kong ...

  • Two Thirds of IGI Revenue Now from Lab Growns
    on 29 July 2026 at 12:00 pm

    IGI reported significant increases in revenue and profit, with lab growns now accounting for two thirds of all its certification earnings. Revenue was up 23% for the three months to the end of June (Q1 FY27) to RUP 3.7 billion (USD 36 million) ...

  • Israel's Diamond Exports Hit Record Low
    on 28 July 2026 at 2:00 am

    Israel's cumulative diamond exports for the first six months of 2026 slumped to just $2.4 billion, described as "record low" in the history of the country's modern diamond industry. At its peak, in 2015 Israel's annual export of polished diamonds alone...

  • 8.7% Hike in India's Polished Exports
    on 27 July 2026 at 3:00 pm

    India's exports of natural polished diamonds were up 8.7% to $847 million in June, following on from the first return to growth this year in May (up 3.3%). It signals a possible recovery after the 19.6% decline in April, as exporters seek out markets beyond...

  • Trump Introduces Third Round of Tariffs
    on 26 July 2026 at 3:00 am

    The Trump administration has announced a new set of tariffs that will add either 10% or 12.5% to the cost of jewelry, diamonds and gemstones imported into the United States, depending on the country of origin. The new strategy uses different legislation...

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