Weak demand takes shine off Petra Diamonds revenue

The advantage is that the diamond can be 3D printed in very complex shapes, unlike mined or manufactured diamonds.

The industry is still undecided in how to present diamonds to consumers following the wider-scale emergence of man-made stones in recent years.

De Beers’ diamond sales plunged to the lowest since 2017 in the company’s latest offering, underlining a slump in the industry worldwide.

The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.

The Dubai Multi Commodities Centre and the China Gems and Jade Exchange signed a memorandum of understanding to create new trading opportunities.

The exceptional D colour Type IIa gem was recovered in March from the company’s iconic Cullinan mine, the same that yielded the biggest diamond ever in 1905.

ASIC has for months been probing how Merlin Diamonds has loaned A$13 million of investor money to a private company, AXIS Consultants, which has long been associated with the miner's chairman and his family.

Fugitive diamond merchant Nirav Modi’s third attempt to get bail has been denied by a UK court.

According to Rapaport, the price of 1-carat diamonds slid by 1% year-to-date and the price of 3-carat diamonds fell by 6.1% year-to-date.