November 20, 2023

Kremlin, facing diamond ban, says EU sanctions have ‘boomerang effect’

EU diplomatic sources said last week the proposal under discussion was to ban direct diamond imports from Russia from Jan. 1.

November 20, 2023

Lucapa puts Merlin feasibility study on back burner

The diamond miner will focus on assessing a smaller scale, lower cost path to mine development amid weak market conditions.

November 17, 2023

EU proposes to ban Russian diamonds from start of 2024

The proposal is part of a new sanctions package to curb Russia's ability to finance its invasion of Ukraine.

November 15, 2023

EU Commission proposes Russian diamond ban, tightening of oil price cap

The sanctions package also contains import bans on a number of metals.

November 14, 2023

Russia: World market can’t make up for sanctions on supply of Russian diamonds

The G7 has been weighing various proposals on how to track the origin of diamonds coming into Western markets.

November 13, 2023

De Beers keeps production target despite supply glut

Global demand for diamonds has fallen to levels not seen since the pandemic.

November 12, 2023

The diamond world takes radical steps to stop a pricing plunge

The speed and severity of the collapse in diamond prices caught many by surprise.

November 8, 2023

Lucapa finds Angola mine’s second-largest diamond

The find of the 235-carat type IIa diamond at Lulo comes barely a week after Lucapa dug up a 208-carat rock at the same mine.

November 6, 2023

Botswana conducts due diligence on HB Antwerp stake, president says

At the height of talks for a new sales contract with De Beers in March, Botswana announced a deal to become a shareholder in HB Antwerp.

November 3, 2023

In diamond centre Antwerp, Russian gems are already shunned

Major Western jewellers, from Tiffany's to Cartier and Van Cleef & Arpels have all been keen to distance themselves from Russia's lucrative diamond trade.