Industry News

April 30, 2018

Three Art Deco emerald and diamond pieces by legendary British designer Hennell sold for $2.7 million (GBP 1.9 million) at Bonhams in London following a bidding war.

The collection’s top-seller was an early-20th-century, double-sided-cabochon, 12.13-carat emerald and...

April 30, 2018

The London Diamond Bourse (LDB) has been chosen as the sole industry representative to officiate and run a tender on behalf of an anonymous vendor. 

A range of rough diamonds will be presented for a trade sale with closed bids being accepted from 29 May – 12 June.

The co...

April 30, 2018

The Diamond Club West Coast (DCWC) has elected five people to its board of directors. 

The new members are Gaby Bachoura of Jewelry Palace, Lisa Wiener of Worldwide Diamonds, Avida Giloh of Revere Jewels, Steve Korshak of Korshak Diamonds and Setu Doshi from JB Brothe...

April 30, 2018

On the initiative of ALROSA the All Russia Conference on “Experience and Practical Steps to Resume a Mining Company Production after an Accident” was held on April 25-26, 2018. More than 130 leading scientists, specialists and mining engineers gathered to discuss possi...

April 28, 2018

Lucara Diamond Corp. has recovered a 327-carat, top white gem diamond from its 100% owned Karowe diamond mine in Botswana. 

Eight diamonds greater than 100 carats have now been recovered at Karowe since the beginning of the year, including a 472-carat diamond announced...

April 28, 2018

Gem Diamonds’ revenue nearly tripled in the first quarter amid strong demand for its rough and the sale of the fifth-largest diamond in history. 

Revenue surged 174% year on year to $106.2 million for the three months ending March 31, the miner said Thursday. The comp...

April 28, 2018

Diamond market seasonally quiet. Polished prices steady, but profit margins squeezed after April rough increase. Polished trading more profitable than rough manufacturing. Petra 1Q rough prices +5%. Letšeng 1Q average price +98% to $3,276/ct. Miners sold more carats th...

April 25, 2018

The Antwerp World Diamond Centre (AWDC) has signed a cooperation agreement with ALROSA during the City of Antwerp’s Mission to Russia.

“Leading this mission emphasizes AWDC’s commitment to safeguarding Antwerp’s position as the leading trade hub in the diamond industry,...

April 25, 2018

Firestone Diamonds’ production and selling prices increased in the third quarter amid better rough-market conditions and higher-grade ore from its Liqhobong mine. 

Output stood at 192,604 carats for the three months ending March 31, the miner reported last week. That...

April 25, 2018

Petra Diamonds saw a jump in revenue in the third fiscal quarter amid a stronger rough market.

Revenue surged 44% year on year to $172 million for the three months ending March 31, while sales volume increased 28% to 1.4 million carats, the miner reported Monday. The...

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