Diamonds

Natural diamond prices have plummeted by over 50% in five years, hitting historic lows due to post-pandemic oversupply and competition from lab-grown diamonds.

Two suspects entered the museum during opening hours, smashed the display case with a hammer, and fled with a 200-carat necklace adorned with 673 diamonds. The police released their photos and are conducting a manhunt for them.

A new study brings back to the headlines one of the most unusual archaeological discoveries found in the Namibian desert: a nearly 500-year-old Portuguese merchant ship, accidentally uncovered in 2008 during diamond mining, containing thousands of gold coins, dozens of tons of metals, and ivory. The study, published this month, examined the efforts to preserve the treasures since their discovery...

Israel's diamond industry is in deep crisis due to plummeting demand in the East, market saturation, and the rise of lab-grown diamonds, forcing veteran traders to close their businesses.

Diamond exports since the beginning of the year have plummeted to $2.4 billion, only a third of the volume recorded a decade ago. Diamond Exchange President Nissim Zuaretz, who announced his resignation, highlighted the industry's taxation struggles compared to the competitive advantages offered by Belgium and Dubai.