August 11, 2011

U.S. Marshals to auction 43.51Ct flawless FI yellow diamond

A 43.51-carat fancy intense yellow diamond that was forfeited to the U.S. government will be auctioned next month. The diamond is a modified rectangular brilliant cut and internally flawless.

August 10, 2011

Lucara litigation update: Judge dismisses claims against African Diamonds

As has previously been reported by Lucara Diamond, in April 2010, legal proceedings were initiated against African Diamonds Plc, Lucara's wholly-owned subsidiary, by two former directors of African Diamonds claiming…

August 10, 2011

Elizabeth Taylor’s Famed Jewelry and Art Collection for Sale

Renowned auction house Christie’s has announced a new exhibition and sale dedicated to the collection of late British-American actress Elizabeth Taylor in […]

August 10, 2011

Mumbai market unaffected by Mahendra brothers tax raid

A raid by income tax authorities took place early Monday morning, on several premises of the Mahendra Brothers group in India.

August 10, 2011

Gem Diamonds to hand over 4 boreholes to GKGR residents

Gem Diamonds Ltd: * To hand over 4 boreholes to residents of the central kalahari game reserve to provide them with water

August 10, 2011

As gold dashes past $1,700, $2,000/oz viewed as a possibility

In what is starting to look like a mad dash, the price of gold rose to a new all-time high of $1,770 an once, temporarily passing the price of platinum.…

August 9, 2011

Diamond industry shifts focus from US markets

After having sleepless nights during the global economic slowdown in 2008, the Surat diamond industry seems to have played safe as far as the US, the biggest diamond jewellery market,…

August 9, 2011

Mugabe threatens western firms in Heroes Day speech

As the country marked Heroes Day, Robert Mugabe used the occasion to make fresh threats to punish foreign owned companies from Western countries that have imposed targeted sanctions on him…

August 9, 2011

Blue Nile Posts Record Q2 Revenues, Amid Rising Costs

Online diamond jewelry retailer Blue Nile reported record second quarter sales, posting a 5.1% increase in net sales to $80.5 million. Net income totaled $2.8 million.

August 9, 2011

NJN: Adwar, Unique Facing Off In Federal Court

Adwar Casting Co. Ltd. has slapped manufacturer Unique Settings of New York and six others with a $13.5 million federal copyright infringement lawsuit, alleging the company is making and distributing…