March 15, 2018

Russian diamond company Alrosa posts 28% profit fall

The average price of its gem-quality diamonds fell by 9% in 2017, it said, citing "changes in the product mix".

March 14, 2018

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

March 13, 2018

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

March 12, 2018

Newfield acquires Stellar Diamonds for $23.6 million

Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to…

March 9, 2018

South African diamond provides new clues on Earth’s internal processes

A mineral usually found at depths of 700 km found ensconced within diamond near Earth’s surface for the first time.

March 7, 2018

Beny Steinmetz’s mining firm BSGR enters administration to protect itself

As well as facing legal action, BSGR, which denies any wrong-doing, is suing financier George Soros for $10 billion in damages over lost contracts.

March 7, 2018

Gem Diamonds on fire, finds sixth giant rock this year

Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.

March 6, 2018

Diamond-backed raffle for “world’s most expensive dinner” canceled

The experience would include $17,000 diamond chopsticks and an 18-course dinner prepared by the Michelin-starred team from Jaan.

March 6, 2018

Villagers denounce irregular operations by the Zimbabwe Consolidated Diamond Company

They say diamonds have become a curse instead of a blessing for those living in the Mutare West region.

March 6, 2018

ALROSA rough diamond reserves grew to almost 1.2 billion carats in 2017

Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year.