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De Beers Extends Sight 5 to South Africa and Namibia

Wed, 03/06/2020 - 11:00
De Beers has confirmed that Sight 5 will take place as planned, and says Sight holders will be able to attend in South Africa or Namibia if they're unable to travel to Botswana...

Alrosa Sells 102 of 800 Rough Diamonds at Biggest Online Sale

Wed, 03/06/2020 - 06:00
Alrosa's long-term clients bought 102 of the 800 large rough diamonds offered in the company's biggest ever digital tender. The remaining stones will....

Jewelers Looted in Minneapolis Protests

Wed, 03/06/2020 - 04:00
Workers in Minneapolis fled in terror when looters threw a rock through their jewelry store window. A dozen staff were stashing valuables in a safe at R.F. Moeller Jewelers, in St. Paul, when company president Bob Moeller...

Encouraging Signs from Exploration at Marsfontein

Tue, 02/06/2020 - 10:00
Bulk sampling at Marsfontein, South Africa, has yielded encouraging results, according to the exploration company Botswana Diamonds. It has recovered....

Britain's Most Audacious Gem Heist - $5.3m of Diamonds Swapped for Pebbles

Tue, 02/06/2020 - 07:00
A gang swapped $5.3m of diamonds for a bag of worthless pebbles in an audacious sleight-of-hand heist at a top London jeweler. Detectives said the astonishing raid....

World's Leading Producers Rebrand as "Only Natural Diamonds"

Tue, 02/06/2020 - 05:00
The Diamond Producers Association, representing the world's biggest producers, is changing its name to Natural Diamond Council in a move that will distance it....

China's Retail Jewelry Trade is in Recovery

Mon, 01/06/2020 - 10:00
Jewelry stores have shown "encouraging signs" in post-COVID-19 China, according to De Beers. Paul Rowley, its executive vice president of diamond trading...

Alrosa Allows 100 per cent Deferrals for Third Consecutive Month

Mon, 01/06/2020 - 05:00
Alrosa will allow customers to defer 100 per cent of June purchases, as it has done in April and May, in response to the ongoing COVID-19 pandemic....

IDEX Price Report: Possible Signs of Recovery as Prices of Polished Diamonds Rise in May

Mon, 01/06/2020 - 03:00
Polished diamond prices for May reflect much more movement than for April, with an overall trend of modest rises, balanced by price drops in specific....

India's Diamond Industry Hit by 2% Online Sales Tax

Sun, 31/05/2020 - 14:00
India's diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a two per cent online sales tax. The so-called Equalization Levy....

De Beers Could Hold Sights Outside Lockdown Botswana

Sun, 31/05/2020 - 11:00
De Beers aims to hold Sights outside Botswana until travel restrictions brought in to counter COVID-19 are eased. Its third Sight of the year, in March...

Coronavirus: Police Disperse Diamond Traders

Thu, 28/05/2020 - 08:00
Police had to intervene after hundreds of merchants broke social distancing rules by gathering at Varaccha Diamond Market, in Surat. Industry bodies have....

"Reckless" South African Mine Running out of Cash

Thu, 28/05/2020 - 07:00
South Africa's small state-owned diamond miner Alexkor is trading recklessly and will run out of money within a month, a parliamentary committee heard.... 

Christie's Live Auctions Resume with a 12.11-carat Blue Diamond

Thu, 28/05/2020 - 04:00
A 12.11-carat blue diamond ring could fetch $12.25m as the highlight of the first live Christie's auction since lockdown. The marquise-cut stone...

Pandora Uses Restaurant App as Stores Re-open

Wed, 27/05/2020 - 10:00
Pandora has re-opened two-thirds of its 375 North American outlets, using the Waitlist Me app to tell customers when they can enter. The Danish jewelry...

Zimbabwe Output Hit by Power Outages

Wed, 27/05/2020 - 09:00
Zimbabwe's Murowa Diamonds has blamed erratic power supplies for a fall in output. Owners RioZim said the supply deficit remains a key risk across ...

Alrosa Holds Biggest Ever Online Auction

Wed, 27/05/2020 - 09:00
Alrosa is holding is biggest ever online auction, listing over 800 rough diamonds, as coronavirus restrictions continue. The state-owned Russian miner is providing 3D....

Rescue Package for Troubled Dominion Diamond Mines

Tue, 26/05/2020 - 08:00
Dominion Diamond Mines is to sell its assets to avoid bankruptcy, recall is furloughed workers and resume operations. The troubled Canadian company...

World's Fourth Largest Mine Cuts Production

Tue, 26/05/2020 - 07:00
Angola's Catoca mine is cutting production after state-owned miner Endiama revised down its 2020 forecast by 80 per cent. The world's fourth largest mine...

DelGatto Launches First Ever Online Finance Platform, on IDEX Online

Tue, 26/05/2020 - 05:00
The DELGATTO Diamond Finance Fund (DDFF) today (26 May 2020) launches the diamond industry's first ever online finance platform, on IDEX Online....

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