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ABN AMRO, a long-time major financier to the global diamond and jewelry businesses, is closing its branches in the United States and Dubai, according to a transcript of comments made by officials to journalists and analysts.
 
The American branch is being closed due to the bank's small portfolio.
 

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The Israel Diamond Institute (IDI) will host 38 companies this year, including three new exhibitors, in its national pavilion at the June Hong Kong Jewellery & Gem Fair. The event will take place from June 21 – 24 at the Hong Kong Convention & Exhibition Centre.
 
In addition, five other Israeli companies will be exhibiting in other locations throughout the show.
 

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The Union of Northern Workers, which represents unionized workers at Dominion Diamond's Ekati mine, is accusing Dominion of wanting to lay off 150 workers.
                                        
Dominion has threatened to lay off the workers and replace them with contractors due to "unsustainable" absenteeism. The union says the mining company has not backed up the claims.
 

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The second edition of CARAT+ recorded a total of 3,829 visitors during the three-day event, up from 2,927 last year, the organizers said.
                               
Among the visitors were diamond professionals, buyers and members of the press from 50 countries, including India, Hong Kong, Japan, China, Israel, the United Arab Emirates, the United States and the United Kingdom.
 

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Russian diamond mining giant ALROSA sold $396.2 million of rough stones last month, and $1.978 billion worth in  January-April.
 

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 Antwerp World Diamond Centre (AWDC) and India's Gem & Jewellery Export Promotion Council (GJEPC), have launched a know-your-customer (KYC) exchange platform called MyKYCBank.
 

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The second edition of CARAT+ recorded a total of 3,829 visitors during the three-day event, up from 2,927 last year, the organizers said.
 
Among the visitors were diamond professionals, buyers and members of the press from 50 countries, including India, Hong Kong, Japan, China, Israel, the United Arab Emirates, the United States and the United Kingdom.
 

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HRD Antwerp India has opened a new office at the Bharat Diamond Bourse (BDB), with the BDB Management Committee welcoming the Chief Guest for the opening, Peter Huyghebaert – Consul General for Belgium in Mumbai. 
 

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