May 21, 2019

De Beers diamond sales slump again in another warning sign

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

May 16, 2019

De Beers, Namibia to spend $468m on world’s first custom-built diamond searching ship

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.

May 15, 2019

UAE and China to strengthen gems and jade bilateral trade

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

May 14, 2019

Petra Diamonds fetches $15m for 425-carat legacy diamond

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.

May 14, 2019

Australian corporate watchdog goes after Merlin Diamonds

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…

May 8, 2019

Diamond tycoon fails in third UK bail attempt as assets frozen

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

May 8, 2019

Polished diamond prices drop in April — report

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.

May 6, 2019

Stornoway’s Renard team takes all at provincial rescue competition

The company's Renard mine rescue team won all the awards at the 57th Quebec Provincial Mines Rescue Competition.

May 2, 2019

As Canada’s Lucara Diamond seeks new mines, tech fuels growth

Lucara, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.

May 2, 2019

Mine versus lab: how green is your diamond?

Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study.