Industry News

August 29, 2019

De Beers’ rough-diamond sales plunged 44% year on year this month as customers rejected goods or exercised the miner’s buyback option. 

Sales fell to $280 million in the seventh sales cycle of the year, as sightholders continued to struggle with weak retail demand and...

August 28, 2019

Gem Diamonds has recovered its third yellow diamond over 100 carats this year, following a two-year dearth of stones in that hue and size. 

The miner found the 114.2-carat rough on August 22 at its Letšeng mine in Lesotho, it said Monday. The company unearthed a 135-c...

August 28, 2019

Angola, which conducted its first technical presentation of a public tender in Luanda to grant five mining concessions, including diamonds, has received more than 60 expressions of interest from companies as far as Brazil and South Africa, according to media reports ci...

August 28, 2019

Ekapa Mining, the only major diamond mining firm operating in South Africa’s Kimberley region, has imposed a three-month, 12.5% salary cut across the board, in a bid to stay afloat in the face of slumping diamond prices and renewed problems with illegal miners on its p...

August 28, 2019

Diamcor Mining has received subscriptions under the amended loan financing for aggregate gross proceeds of about C$1,2 million.   


The previously announced initial $500,000 term loan has also been amended and is included in the proceeds, it said.   


Proceeds...

August 28, 2019

The Times of India (ToI) reported that India's diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of...

August 28, 2019

Diamonds accounted for more than 90% of Botswana’s exports to the United Arab Emirates (UAE), according to Dubai Chamber of Commerce and Industry (DCCI). 


The UAE's trade with Botswana was Dh5.14 billion ($1.4 billion) in 2018. 


Director of external offices at the Duba...

August 25, 2019

Graff has unveiled the polished pink diamond it cut from the 13.33-carat rough it purchased from Gem Diamonds in March. 

The jeweler set the pear-shaped, 5.63-carat, fancy-vivid-purplish-pink stone in a rose-gold ring. Two pear-shaped shoulder stones, also cut from th...

August 25, 2019

Alrosa will offer more than 200 polished colored diamonds at the Hong Kong Jewellery & Gem Fair in September. 

The True Colors auction will feature a pear-cut, 18.07-carat, intense-yellow diamond which is internally flawless, the Russia-based miner said Friday. An eme...

August 25, 2019

The organizers of the Hong Kong Jewellery & Gem Fair have assured the trade that the September show will take place as planned, and denied claims that exhibitors are requesting it be postponed due to ongoing protests in the municipality. 

“We have not received demands...

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