Industry News

March 28, 2019

Rough-diamond prices will remain sluggish this year as the market challenges that arose in the second half of last year are set to continue, two investment banks have warned. 

Prices are likely to drop 1% to 2% in the first half of 2019, before recovering to end the y...

March 28, 2019

Laurelton Diamonds Belgium BVBA will be holding the viewings of its next tender of rough and sawn diamonds at the Antwerp Diamond Tender Facility, Belgiumi in April.

Laurelton, a subsidiary of Tiffany & Co, is a rough diamond manufacturing and trading company with oper...

March 28, 2019

The Gemological Institute of America (GIA) is rolling out a new grading report that will highlight the country from which a diamond was recovered. The company will issue the Diamond Origin Report for stones that were submitted to the lab for analysis in rough form and...

March 28, 2019

Eurostar Diamond Traders, one of the biggest names in the Antwerp industry, has entered bankruptcy following a legal battle with its banks. 

The Antwerp Corporate Court ruled Thursday in favor of that outcome. Eurostar plans to appeal the decision, according to the co...

March 27, 2019

A fancy-intense-blue diamond ring with an estimate of $2.5 million to $3 million is on track to be the top seller at Sotheby’s Magnificent Jewels auction in New York next month. 

The cut-cornered square modified brilliant-cut, 3.24-carat stone, flanked by two pear-sha...

March 27, 2019

De Beers has sent out the final ore-haul truck from its Victor mine in Canada, exactly 11 years to the day after the site’s opening. 

The last load was driven by Nancy Wesley, who has worked as a haul-truck driver, dozer operator and production-drill operator at the m...

March 27, 2019

The Antwerp World Diamond Centre (AWDC) and the Alibaba Group are selling Antwerp-sourced diamonds  in an online flagship store called “Shape of Antwerp” Tmall.

As the world’s second-largest market for polished diamonds, China is generating tremendous opportunities for...

March 27, 2019

Baselworld will reduce booth prices by 10% to 30% at next year’s show and move diamond dealers to a more attractive location, organizers have confirmed. 

Management will reopen Hall 2, which was empty at the 2019 show, and place gem and pearl exhibitors in that area t...

March 27, 2019

Botswana Diamonds will begin bulk sampling and diamond production from its Thorny River project in South Africa in May. 

It will then ramp up output to 20,000 tonnes a month, the company said Monday. The kimberlite ore will be processed at a nearby plant, which is cur...

March 25, 2019

Diamond resources at Lucapa Diamond Company’s Lulo alluvial mine in Lesotho are 90% higher than it originally estimated, according to an independent valuation. 

Lulo has 80,400 carats remaining in the mine, according to a December 2018 study by external consulting com...

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