Read more Language English 10:55 De Beers Relocates Auction HQ to Botswana De Beers Group has moved its Auction business headquarters from Singapore to Botswana, aiming to boost operational efficiency. CEO Al Cook expressed confidence in the move's potential to drive cost efficiencies and elevate customer satisfaction. Rough Market ..read more

Read more Language English 09:36 Jewelers Report Sales Increases in March In the the latest Monthly Sales Survey, conducted by Instore Magazine,  146 jewelers were asked to compare their March sales with those of the same month last year. While some businesses experienced significant gains, others faced challenges. Here's a breakdown of the key findings:   Sales Performance Overview: JewelryMarketing ..read more

Read more Language English 06:59 Researchers Create LGD In 150 Minutes The words of Botswana's President Masisi during his opening address of AWDC's Facets conference in Gaborone last year, when he described Lab-Grown Diamonds (LGD) as "microwave diamonds" come to mind as news came that South Korean scientist claim to have produced a synthetic diamond in little over two hours, using a new method that omits the need to mimic the immense pressure needed to form a diamond artificially. LGD production processes to date still require a significant amount of time to produce a diamond. Technology ..read more

Read more Language English Yesterday 22:01 Petra Diamonds Soars with $8.2m Blue Diamond Sale Petra Diamonds recently made headlines with the sale of an exceptional US$8.2 million blue diamond, propelling its fifth tender of FY 2024 to new heights. Despite selling fewer carats, Petra achieved higher prices, with an average of US$136 per carat on sales of 362,000 carats, totaling US$49 million. Rough Market ..read more

Read more Language English Yesterday 18:52 Gem Diamonds Q1 Reports and Recoveries Gem Diamonds, who owns 70% of the Letšeng mine in Lesotho, has released its Q1 2024 Trading Update, which showcases robust operational and sales performances from January 1st to March 31st, 2024.   Key Highlights from Q1:  Rough Market ..read more

Read more Language English Yesterday 10:31 De Beers' Fate Uncertain as BHP Considers Anglo American Takeover According to Reuters, Australian mining giant BHP is contemplating a potential takeover of London-listed Anglo American, parent company of De Beers, news that is confirmed by Anglo American in a statement saying the bid is being reviewed. Finance and TradeRough Market ..read more

Read more Language English 2 days ago 11:28 3 Diamonds Fetch $10.5 Million at Lucapa Tender ASX-listed Lucapa Diamond Company announced that three exceptional diamonds achieved US$10.5 million at the first tender of Lulo diamonds for 2024. Rough Market ..read more

Read more Language English 2 days ago 07:27 GJEPC Reports -25% Polished Export Drop India's Gem and Jewellery Export Promotion Council (GJEPC) reports the overal exports of polished diamonds in FY2024 dropped 25.23% to nearly US$16bn from US$22bn in the previous financial year. GJEPC cites a slowdown in the US market due to high interest rates and slower than anticipated post-covid market conditions in China. LGD exports decreased 13.79% to US$1.4bn compared to US$1.6bn a year earlier.  (photo Envato Elements) Finance and TradePolished ..read more

Read more Language English 13:09 Petra Sells 50 Percent of Williamson Mine Stake for $15M Petra Diamonds announced last week that Taifa Mining and Civils Limited, will be buying 50 per cent less one share of the Petra’s shareholding in Williamson Diamonds Limited (WDL). Tiafa Mining has been serving as the long-term technical services contractor at the Williamson Mine for over 20 years in coordination with Petra but have now stepped up their role as an equity stakeholder in the project. Mining and Exploration ..read more

Read more Language English Yesterday 10:56 NDC Brokers Partnership with 8 Key Leaders in Diamond Manufacturing The Natural Diamond Council announced a major partnership with eight of the world’s most influential diamantaires. For the first time since the inception of the NDC (formerly the Diamond Producers Association), a collective agreement has been reached with a significant number of major businesses in the natural diamond value chain. World News ..read more