Diamond prices falling; Bank credit to Indian diamond players drops drastically: Rapaport report

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A report made public by Rapaport reveals that polished-diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last month and 5.9% compared to last year. Smaller diamonds saw a less steep decline in prices as 0.5-carat rocks fell by […]

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Israel’s largest mining corruption scandal hits diamond magnate

Israeli diamond magnate Beny Steinmetz and four others were taken into custody by Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery. This is the second arrest of Steinmetz as part of a joint Swiss, Israeli and US probe over allegations that BSGR, the billionaire Israeli-French businessman’s mining company, bribed government officials […]

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