December 22, 2023

Diamond output of sanctions-hit Alrosa down in 2023, stockpiling likely

Alrosa said on Friday that its 2023 output fell by 2.8% year on year to 34.6 million carats.

December 20, 2023

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Home to 90% of the world's diamond cutting and polishing industry, India is critical to the implementation of the ban.

December 19, 2023

Diamond sales slowly restart after efforts to halt price crash

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies.

December 19, 2023

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial diamonds.

December 17, 2023

India’s Modi says new diamond bourse in Gujarat to create 150,000 jobs

Surat, in Gujarat state, cuts and polishes 90% of the world's rough diamonds.

December 13, 2023

Petra Diamonds inks deal to sell idled Koffiefontein mine

Petra has signed a non-binding deal with an unnamed party for the potential sale of the South African diamond mine.

December 12, 2023

Anglo American’s falling shares fuel takeover rumours

Analysts say Anglo's current low valuation and diversified portfolio makes it an attractive target for potential buyers.

December 11, 2023

Lucapa fetches $17 million for four diamonds recovered from Lulo mine in Angola

The tender was conducted by Sodiam E.P in Luanda, and the Lulo parcel of 609 carats consisted of 4 Type IIa diamonds weighing 41 carats, 123 carats, 208 carats and…

December 8, 2023

Petra Diamonds says the worst is likely over

Petra's 20% increase in like-for-like prices for its latest tender of financial year 2024 supports its view that diamond prices have bottomed.

December 6, 2023

G7 to ban Russian diamonds, announce measures on price cap, assets

The group is expected to announce a direct ban as of Jan. 1.