Ramat Gan, Israel—Diamond Trading Co. sightholder the Dalumi Group is readying itself to expand its distribution to the Indian and Russian markets, and it has also opened an office in Los Angeles to better serve the U.S. market.

Tel Aviv, Israel—De Beers Group Managing Director Gareth Penny said on Monday that retailers' poor store environments, particularly among major U.S. chains, are one of the main problems confronting the diamond industry today.

Tel Aviv, Israel—Diamond industry lender ABN Amro Holding NV has been acquired by Fortis, but the company isn't getting out of the jewelry business.