Industry News

November 30, 2017

De Grisogono has opened a larger boutique on New York’s Madison Avenue, reflecting demand for a broader range of products, the Swiss luxury jeweler said. 

“By expanding our footprint in the US, we’ve created a destination for our highly discerning clients to experienc...

November 30, 2017

A pink diamond ring fetched $32 million (HKD 250 million) at a Christie’s auction in Hong Kong, less than two weeks after Sotheby’s failed to sell another diamond of the same color.

The oval-shaped, 14.93-carat, fancy-vivid pink, VVS1-clarity Pink Promise went for $2....

November 30, 2017

Lucara Diamond Corp. forecasts revenue at $170 million to $200 million, excluding the sale of significant high quality exceptional stones, in newly released operating guidance for 2018.

"Diamonds recovered and sold are forecast between 270,000 to 290,000 carats," the mi...

November 30, 2017

Lucapa Diamond Company garnered $7.3 million at a sale of rough diamonds from its Lulo mine in Angola, achieving an average price of $1,770 per carat. 

The sale of 4,126 carats brought total proceeds from Lulo this year to $31.6 million, at an average price of $1,668...

November 30, 2017

Holiday season begins with better-than-expected in-store and online traffic over Thanksgiving weekend. Average spend +15% to $335 per consumer, driven by older millennials, reports NRF. Cyber Monday breaks records with $6.6B in online purchases, according to Adobe Digi...

November 28, 2017

ALROSA is holding a silent auction for the sale of The Dynasty polished diamond collection on November 29.

More than 130 participants have already registered for the auction, including both firms and private clients.

The auction will be held via ALROSA's online trading p...

November 28, 2017

"ALROSA will play its role in diamond mining in Zimbabwe", said Zimbabwe's ambassador to the Russian Federation, Mike Nicholas Sango, to TASSnews agency.

Following Robert Mugabe's resignation and the transfer of power to former vice-president Emmerson Mnangagwa, countr...

November 28, 2017

De Beers Group is looking for a buyer for its Voorspoed mine in Kroonstad, Free State, South Africa.

"After evaluating a range of options, the decision to place Voorspoed mine on the market has been taken to provide the opportunity for responsible lower-cost operators t...

November 28, 2017

Two major gemological institutions in India and China have agreed to increase their collaboration in an effort to strengthen trade between the two markets. 

China’s state-run National Gem Testing Center (NGTC) has signed a letter of cooperation with the Mumbai-based G...

November 26, 2017

The Sociedade Mineira de Catoca (Catoca) mining company in Angola intends to mine 8 million carats of diamonds by the end of the year, said Russian CEO Sergei Amelin. 

Macauhub reports that Amelin, who was appointed CEO in March 2015, told Angolan news agency Angop that...

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