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Diamond Giant Develops Low-Cost COVID-19 Ventilator

Thu, 02/07/2020 - 07:00
Subsidiaries of the Indian diamond giant Dharmanandan have developed a low-cost ventilator to sav the lives of COVID-19 patients. The device, which costs under $3,500....

Alrosa Re-opens Mine after 12 Workers Test Positive for COVID-19

Wed, 01/07/2020 - 11:00
Alrosa has resumed operations at its International underground mine, a week after a dozen workers tested positive for COVID-19. The mine, close to the town of Mirny.....

Coronavirus: IIJS Postponed to January 2021

Wed, 01/07/2020 - 10:00
India's biggest show for the jewelry trade has been postponed from August to January 2021 because of COVID-19. The India International Jewellery Show....

$2.1m Record Sale Price for an Online Diamond

Wed, 01/07/2020 - 10:00
A 28.86-carat type IIa D-color diamond has sold for $2.1m, a world record high price for an online-only auction. Christie's say the near-flawless, VVS1-clarity....

IDEX Price Report: Polished Diamond Prices are Flat in June

Wed, 01/07/2020 - 02:00
Polished diamond prices showed very little movement in June, significantly less than May. There was a scattering of modest increases and decreases among sporadic colors and clarities...

India's Diamond Industry Faces Third Ban on Rough Imports

Tue, 30/06/2020 - 12:00
India's diamond industry is being urged to accept upon itself a third voluntary ban on rough imports. An appeal has been issued to halt purchases between 10 and 31 July....

Hard-Hit Swarovski Axes 600 Jobs

Tue, 30/06/2020 - 11:00
Swarovski is to axe 600 jobs in response to a "massive" decline in sales. The family-owned Austrian business empire, known for its crystal jewelry and swan logo....

Struggling Petra, Owner of "Crown Jewels" Mine, Seeks a Buyer

Tue, 30/06/2020 - 08:00
Petra Diamonds is seeking a buyer as debts mounts and revenue slumps. The UK-listed company operates the world-famous Cullinan mine in South Africa....

Daytrip Mom Finds 2.23-carat Brown Diamond at "Dig-Your-Own" Mine

Tue, 30/06/2020 - 05:00
A visitor to one of the world's only dig-your-own-diamond attractions has walked away with a 2.23-carat stone. Beatrice Watkins, 56, was sifting soil....

Daytrip Mom Finds 2.23-carat Brown Diamond at "Dig-Your-Own" Mine

Tue, 30/06/2020 - 05:00
A visitor to one of the world's only dig-your-own-diamond attractions has walked away with a 2.23-carat stone. Beatrice Watkins, 56, was sifting soil....

The Big Crash: US Watch and Jewelry Sales Down 54.7 per cent

Sun, 28/06/2020 - 14:00
Total US sales of watches and jewelry slumped in April, down by an unprecedented 54.7 per cent compared with the same month last year. It was the first full month of COVID-19 lockdown in the US.

Sarine's "Birth Certificates" Track Lucara Diamonds from Mine to Store

Sun, 28/06/2020 - 14:00
Tech firm Sarine is to provide "birth certificates" which track the provenance of rough stones being sold by Lucara. The online document, which includes scanned 3D model data...

Indian Angadia and Diamantaires Default on $67m Payments

Sun, 28/06/2020 - 10:00
Struggling diamantaires in India are defaulting on payments and going bankrupt because of the COVID-19 crisis, according to media reports. The Times of India details four merchants and dealers....

Deadly Clash Threatens India Diamond Exports to Hong Kong

Sun, 28/06/2020 - 09:00
Trade links between India and China are becoming increasingly strained after the deadliest border clash between the two nations in almost half a century...

Cattle Farmer's Delight as he Unearths Rare Tanzanite Worth $3.4m

Thu, 25/06/2020 - 14:00
An African farmer has become an overnight millionaire after unearthing two huge slabs of Tanzanite, one of the world's rarest gemstones. Saniniu Laizer, 52, mined the stones...

Alrosa Halts Mining after Workers Test Positive for COVID-19

Thu, 25/06/2020 - 05:00
Alrosa has halted operations at its International underground mine after several workers tested positive for COVID-19. The mine, also known as Inter...

Diamond Worker's Death Plunge on First Day after Lockdown

Wed, 24/06/2020 - 10:00
A diamond worker reportedly jumped to his death from a sixth-floor window at the Bharat Diamond Bourse, in Mumbai, India, on his first day back after lockdown. He's been named....

Software Helps US Jewelers with Money Laundering Requirements

Wed, 24/06/2020 - 09:00
New software will help jewelers comply with anti-money laundering (AML) requirements of the anti-terror USA PATRIOT Act. The JewelPAC online program has been....

Call for Week-Long Shutdown to Beat COVID-19 Spike in Surat

Tue, 23/06/2020 - 23:00
Diamond factories in Surat should close for a week to combat a spike in COVID-19 cases, say industry bodies. Three units have been forcibly closed ....

Spending Surge After Lockdown

Tue, 23/06/2020 - 11:00
The British jewelry retailer Beaverbrooks reported a 30 per cent surge in sales on the first day of post-lockdown trade. Customers flocked to the family firm's....

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