June 15, 2017

Gemfields beats own ruby sales record at Singapore auction

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

June 14, 2017

China’s Fosun spices up battle for Gemfields with 10% bid premium

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

June 13, 2017

De Beers to host first auction for third-party exceptional polished diamonds

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the…

June 12, 2017

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

June 8, 2017

ALROSA’s revenue from diamond sales up 33% up to $472.1 million

ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.

June 8, 2017

EU regulation on responsible mining will be ineffective

The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.

June 7, 2017

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

June 6, 2017

IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery

The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones…

June 2, 2017

Top diamond miner’s 36-year-old chief to prove himself with cuts

Son of Putin ally to focus on reduced costs in new role as CEO

June 2, 2017

De Beers South Africa takes state to court over export exemption

Exemption license for rough diamonds was reportedly denied