Industry News

March 28, 2018

Botswana’s Debswana Diamond Mining said output rose sharply last year – up 11 percent to a three year high – and it expects further growth this year as lower taxes in the United States leave consumers with more money to spend.

De Beers Executive Vice-President, Diamond...

March 28, 2018

Angola exported 620,485 carats of diamonds last January worth about $85 million, Portuguese news agency Lusa reports citing official figures.


The diamonds were sold at an average price per carat of $136.24, the second highest value since October 2016.


The highest avera...

March 28, 2018

Mixed Reactions to Shorter, Sparser Watch and Jewelry Show

Baselworld 2018, which ended Tuesday, saw a year-on-year decline from 1,300 exhibitors to approximately 650, and was shortened from eight days to six. Considering that the world’s largest watch and jewelry fair...

March 27, 2018

Mountain Province Diamonds Inc. said that 2018 has seen a strong start in rough diamond markets.

"The first two sales of the year substantially exceeded expectations, and prices have firmed across all product categories since the second half of 2017," said Interim Presi...

March 27, 2018

Firestone Diamonds plc posted a small decline on the year in its net loss to $7.8 million in the first half of its 2018 year ended 31 December 2017 from $8.8 million in the year-earlier period. Commercial production commenced at Liqhobong on 1 July 2017.

The miner repor...

March 27, 2018

ALROSA's Supervisory Board in the course of absentee voting that took place on 21 March 2018 has considered and recognized the advisability of increasing share of ALROSA in share capital of PJSC Alrosa Nyurba up to 97.49 per cent.

Currently, ALROSA owns 87.48 per cent o...

March 27, 2018

Stornoway Diamond Corp reported net loss of $114.6 million from net income of $19.6 million in 2016 in its financial year ended December 31, 2017.

Its results reflected "a lower diamond price environment than was originally forecast by the Corporation".

Net income before...

March 27, 2018

The import of polished diamonds into India is likely to come down drastically following the doubling of duty on cut and polished diamonds from 2.5% to 5% by the Indian government, says a TOI report.


GJEPC authorities termed the government’s decision to increase import...

March 25, 2018

Christie’s New York spring sale will feature an 8.42-carat, fancy intense pink diamond ring, estimated at between $4 million and $6 million, the auction house said Friday. 

The cut-cornered rectangular modified brilliant-cut, VVS1-clarity stone has the potential to be...

March 25, 2018

Tango Mining achieved an average price of $864 per carat at its March tender, driven by the sale of an 8.47-carat diamond, the company said Friday. 


The stone, which fetched $2,896 per carat, was among 106 rough diamonds — weighing a combined 159.34 carats — that Tango...

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