Laser technology
is used to cut and even polish diamonds
Diamond cutters
still use tools invented centuries ago
A steady hand
and an experienced eye
The human eye
determines the beauty of a polished diamond
18 June, 2024
Latest IDMA Blog Posts

Mission Statement

Understanding that no one should be left behind in the diamond supply pipeline, IDMA’s mission is to encourage fair and honorable practices and decent working conditions for those employed in the diamond industry; and to preserve, protect and promote the trust and confidence of consumers in diamonds and diamond products.
IDMA engages rough diamond-producing countries, miners and rough diamond traders, technology providers, financial services, and, last but not least, diamond manufacturers to join IDMA, to ensure that diamond manufacturers, large and small, will continue to fulfill their crucial role in the supply chain.

WINC 477, June 8, 2024

June 8, 2024

Russia circumvents Western sanctions through Armenia. Germany details the gold and diamond re-export scheme: It appears that Russia has decided to actively use this “window” to bypass Western sanctions, selecting Armenia as the channel for supplying diamonds to the global market. Russian gold, which has been under embargo since the summer of 2022, is also actively exported through Armenian transit. Reports of growing re-exports of Russian precious stones and gold began appearing in Armenian media as early as mid-last year. In 2023, according to official statistics, Armenia exported $1.8 billion worth of gold and $589 million worth of diamonds—a record for the Armenian economy. Unlike diamonds, the rapid growth of re-exported Russian gold only began in November.

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The WINC is IDMA’s “Weekly Internet News Collection” service. Each week, we search for and find news items and stories on relevant topics to our segment of the diamond industry.

Industry Conversations

Video Playlist
1/10 videos
1
40th IDMA Congress, March 28, 2023: In honor and memory of Sanjay Shah
40th IDMA Congress, March 28, 2023: In honor and memory of Sanjay Shah
04:50
2
40th IDMA Congress, March 28, 2023: The (Surprising) Interrelation between Financing and Technology
40th IDMA Congress, March 28, 2023: The (Surprising) Interrelation between Financing and Technology
28:19
3
David Kellie, CEO, NDC: Diamond promotion: "All we need is a fraction of one percent of sales!"
David Kellie, CEO, NDC: Diamond promotion: "All we need is a fraction of one percent of sales!"
02:15
4
Pranay Narvekar, David Bonaparte: Is the diamond market too fragmented to do diamond promotion?
Pranay Narvekar, David Bonaparte: Is the diamond market too fragmented to do diamond promotion?
02:13
5
David Kellie, CEO, NDC: “We are way under the industry potential for diamond promotion!”
David Kellie, CEO, NDC: “We are way under the industry potential for diamond promotion!”
03:24
6
David Bonaparte, CEO, Jewelers of America (JA): US diamond jewelry retail market overview (28-3-&#03923)
David Bonaparte, CEO, Jewelers of America (JA): US diamond jewelry retail market overview (28-3-ན)
06:29
7
Pranay Narvekar, Pharos Beam Consulting: Global diamond market overview IDMA Congress March 28, &#03923
Pranay Narvekar, Pharos Beam Consulting: Global diamond market overview IDMA Congress March 28, ན
05:40
8
“Conversations with Industry Leaders” The State of the Diamond and Diamond Jewelry Markets
“Conversations with Industry Leaders” The State of the Diamond and Diamond Jewelry Markets
20:27
9
David Kellie, CEO, NDC; and Tom Moses, Executive Vice President, GIA:  on differentiation
David Kellie, CEO, NDC; and Tom Moses, Executive Vice President, GIA: on differentiation
05:27
10
Tom Moses, Executive Vice President, GIA, about upholding the prestige of our industry
Tom Moses, Executive Vice President, GIA, about upholding the prestige of our industry
02:10