September 27, 2018

First auction of coloured diamonds brings ALROSA $9m in sales

210 unique diamonds were sold in the first round. The bidding was very active, and most of the lots were sold for well above their starting price.

September 26, 2018

De Beers group and UN women announce programme to support more than 1,200 women entrepreneurs in Southern Africa

The partnership and programme aims to complement national efforts on job creation and economic empowerment of women by supporting women micro-entrepreneurs through capacity building that is customised to address their…

September 26, 2018

Congo leader vows elections to proceed on schedule in December

DRC President Joseph Kabila vowed delayed elections will take place as planned this year.

September 25, 2018

Trading in CARAT coins is launched on Hotbit digital asset exchange

Holders of the digital coin are able conduct currency transactions, as well as redeem their value in physical diamonds.

September 25, 2018

Christie’s to auction largest, finest pink diamond in its history

The top item at Christie’s Geneva Magnificent Jewels sale in November will be The Pink Legacy, an 18.96-carat fancy vivid pink diamond expected to fetch up to $50 million.

September 20, 2018

Mining industry’s adoption of blockchain not a question of if, but when — report

Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published…

September 19, 2018

Worldwide jewelry sales increase by 5% in Q2 – ALROSA present the results of its global luxury and jewelry market research

"Today, the shares of the Indian market are being redistributed among the stakeholders, with large retailers encroaching upon their smaller competitors. Nevertheless, despite all of the major players' efforts, most…

September 19, 2018

SYNTHdetect wins industry innovation of the year at JNA Awards

The International Institute of Diamond Grading & Research (IIDGR), a member of De Beers Group, is pleased to announce that its industry-first synthetic screening device, SYNTHdetect, was awarded Industry Innovation…

September 18, 2018

Botswana trims growth prospects, sees wider budget deficits

Botswana's economy is expected to expand by 4.5 percent this year.

September 17, 2018

Petra Diamonds CEO to leave following shares value dip, debt increase

Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.