November 16, 2011

Sun Drop Diamond Disappoints at $12.3 Mln

A 110.03 carats fancy vivid yellow VVS1 pear-shaped diamond that was the highlight item of Sotheby’s Magnificent Jewels auction sold for CHF 11.3 million ($12.3 million) last night. The exceptional…

November 15, 2011

GIA, GJEPC Sign Education Agreement

The GIA will run its education programs at the Indian Institute of Gem & Jewellery in cities across India. The IIGJ is an initiative of the GJEPC. A formal agreement…

November 13, 2011

Sparkling surge in Dubai’s diamond trading

The volume of diamonds traded in Dubai rose by more than half in the first six months of the year. A total of 206.1 million carats were traded, 57 per…

November 13, 2011

De Beers won’t touch Zimbabwe diamonds

Business Live reports De Beers high-quality diamond retail arm Forevermark will not sell any diamonds from Zimbabwe's controversial Chiadzwa and fields, CEO Stephen Lussier said at the launch of the…

November 11, 2011

Botswana paper says De Beers’ struggling Canada mines forced Oppenheimers to sell

Botswana Guardian argues the canny Oppenheimers seem to be getting out of the diamond business because its future looks bleak. De Beers is currently in financial straits occasioned by its…

November 10, 2011

Graff Diamonds said to plan $1 billion Hong Kong IPO

Bloomberg reports Graff Diamonds, the producer and retailer whose founder twice set records buying gems at auction, plans to raise about $1 billion in an initial public offering in Hong…

November 10, 2011

Zimbabwe minister admits smuggling is rife barely a week after diamond export ban is lifted

Mining Review reports the decision last week to allow Zimbabwe to resume diamond exports from the controversial Chiadzwa and Marange alluvial fields is being questioned, after the country's mines minister…

November 10, 2011

Angolan polished diamond output at only 20% of capacity

- The Angolan state diamond cutting company, Angola Polishing Diamonds (APD), is producing polished diamonds at a rate of only 20% of its design capacity. This was revealed here by…

November 10, 2011

Diavik mine power blowin’ in the wind

Diavik Diamond Mines (DDMI) wants to harness the wind to help extract diamonds from beneath the earth. The company — which operates the huge Diavik operation in the Canadian Arctic…

November 9, 2011

New couples and consumers in smaller cities driving China diamond sales

China Daily reports the fifth-largest diamond producer in the world said on Tuesday that China's demand for the precious stones will steadily increase in spite of rising prices. Empresa Nacional…