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Billionaire Auctions off Super Bowl Diamond Ring for $1.025m

Mon, 25/05/2020 - 09:00
Billionaire Robert Kraft has auctioned off a ring containing 283 diamonds - to mark his NFL team's Super Bowl astonishing comeback victory - for $1.025m...

Alrosa follows De Beers and Slashes 2020 Production

Mon, 25/05/2020 - 09:00
Alrosa has followed De Beers' example by announcing a significant cut to expected production this year, in response to COVID-19. The Russian state-owned...

Israel Diamond Exchange Back in Business

Mon, 25/05/2020 - 08:00
The Israel Diamond Exchange (IDE) yesterday re-opened for "new normal" activity after 11 weeks of closure due to COVID-19. The huge trading floor....

Dig-Your-Own Diamond Mine Re-opens after COVID-19

Sun, 24/05/2020 - 10:19
One of the world's more unusual diamond mines - a dig-your-own family attraction in Arkansas, USA - has reopened after lockdown rules were eased. Visitors pay $10 a day....

Traders Retrieve their Diamonds as Lockdown Eases in Surat

Sun, 24/05/2020 - 09:38
Traders and merchants in India have been crowding outside private vaults to retrieve their diamonds, after lockdown rules were finally eased. Authorities in Surat...

De Beers to Clear Site of Ill-Fated Mine that Cost $2.2bn

Sun, 24/05/2020 - 09:00
De Beers has been given permission for a long-term clean-up at the site of its ill-fated Snap Lake mine, in Canada. The company invested over $2.2bn...

US Watch and Jewelry Sales Plunge 27.2 per cent

Thu, 21/05/2020 - 07:00
Total sales of watches and jewelry in the USA plunged in March, compared with same month last year, down by 27.2 per cent. It is an unprecedented fall, driven by unprecedented events...

Majority Miner Can Hold on to Dominion's Share of Diamonds

Thu, 21/05/2020 - 02:18
A judge has ruled that the Rio Tinto subsidiary DDMI can temporarily withhold diamonds from its troubled joint venture partner Dominion...

Why Melania Ditched Donald's Flawless 15-carat Graff Diamond

Wed, 20/05/2020 - 09:34
First Lady Melania Trump traded up the 15-carat Graff diamond engagement ring Donald gave her, for an even bigger and more expensive rock. The president-to-be..

Surat Diamond Factories in Peril as Half the Workforce Goes Home

Wed, 20/05/2020 - 09:00
Many of Surat's diamond factories will not survive COVID-19, industry sources have warned, as India's went into "Lockdown 4.0". As many as 90 per cent of the city's 5,000...

Surat Calls for 30 per cent Return to Work

Tue, 19/05/2020 - 11:51
Indian government officials are under increasing pressure to allow up to 30 per cent of diamond workers in Surat to return to work. The cut-and-polish hub...

Oppenheimer and Graff are Britain's Biggest Diamond Billionaires

Tue, 19/05/2020 - 10:20
Former De Beers boss Nicky Oppenheimer and his family saw their $6.85bn fortune dip slightly, as they slipped down the annual Rich List, published by the Sunday Times newspaper in London....

GIA Reopens Five Labs as Lockdowns Ease

Tue, 19/05/2020 - 05:50
The GIA has reopened its labs in Antwerp, Carlsbad, Gaborone, Johannesburg and Tokyo as lockdown restrictions are eased. Opening hours are limited and restrictions....

Pink Prices set to Rise with Closure of Argyle

Mon, 18/05/2020 - 10:02
The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90 per cent...

Three Countries Hold 80 per cent of World's Diamond Reserves

Mon, 18/05/2020 - 08:28
Over 80 per cent of the world's diamond reserves are held by just three countries - Russia, Congo and Botswana - according to new estimates. There are 1.1 billion carats...

Indian Lottery Allows 100 Export Packages a Day

Sun, 17/05/2020 - 10:13
Diamond exports from India are gradually resuming, as officials in Mumbai introduce a lottery to allow 100 packages a day to leave the country. Traders chosen at random are allowed...

Coronavirus has Cost Israel $300m, says Dvash

Sun, 17/05/2020 - 09:39
Israel's diamond sector has lost $300m in profit to coronavirus, says Yoram Dvash, president of the country's Diamond Exchange. Trade has declined by 90 per cent...

Angola's 2020 Diamond Production to Plunge by Three Quarters

Sun, 17/05/2020 - 09:00
Angola's diamond production will plunge by over three quarters this year, according to the state-run mining company Endiama. Output from the country's 12 mines....

Ernie Blom Wins First Round of WFDB Court Fight

Thu, 14/05/2020 - 12:41
Ernie Blom has won the first stage of a legal battle against the World Federation of Diamond Bourses (WFDB), from which he stepped down as president last month...

BlueRock Moves Sales of its Kareevlei Diamonds to Antwerp

Thu, 14/05/2020 - 08:07
Sale of rough diamonds from the Kareevlei mine in South Africa are to be moved to Antwerp, where owners BlueRock hope to attract more buyers. They'll be branded as Kareevlei Diamonds...

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