De Beers Chief Executive Officer Gareth Penny will step down this fall after five years at the helm of the world's largest diamond mining company, a tenure that included guiding De Beers through one of the worst financial crises in history. 

The Gemological Institute of America (GIA) has announced plans to host a career fair in Carlsbad, Calif., headquarters in October, and is also inviting the gemological community to attend a lecture on the much buzzed-about Melo pearl in Bangkok, Thailand, next week.

Two non-governmental organizations (NGOs) acknowledged that the deal reached last week by members of the Kimberley Process (KP) regarding rough diamond exports from Zimbabwe's Marange region could help end the alleged human rights abuses in that area.

After countless hours of debate in two far-flung nations, the members of the Kimberley Process (KP) finally were able to come to an agreement that would allow exports of rough diamonds from Zimbabwe's troubled Marange diamond fields to resume.

The annual public meeting of the 47th Street Business Improvement District (BID), which encompasses the New York City Diamond District, is scheduled for Monday, July 19, at 10:30 a.m., and will be held at the Diamond Dealers Café, located at 11 W.47th St. on the 10th floor.

A U.S. federal appeals court rejected on Tuesday the De Beers antitrust deal over what seems to be a technical issue.

The 34th World Diamond Congress drew to a close Tuesday in Moscow, with the expected issues--the Kimberley Process (KP) and economic recovery--taking center stage.

The 34th annual World Diamond Congress opened Sunday in Moscow, kicking off three days of discussion on topics of vital importance to the diamond industry, including economic recovery and the situation in Zimbabwe.

Economic recovery tops the agenda for the General Assembly of the World Federation of Diamond Bourses (WFDB), set to gather in Russia next week for the 34th annual World Diamond Congress.

The recovery continued for the Israeli diamond industry in the first half of 2010, the latest import and export statistics released by the country's Ministry of Industry, Trade and Labor show.