November 2, 2022

Vivid pink diamond could go for $35 million at Christie’s auction

The largest vivid pink diamond sold at Christie's was the 18.96-carat Winston Pink Legacy, which got $50.4 million in 2018.

November 2, 2022

Gemfields to auction 37,555-gram emerald cluster

The Kafubu Cluster is likely to set a record for the world’s most expensive single emerald sold in auction.

November 2, 2022

Gem Diamonds lowers 2022 guidance despite solid Q3

Output was hurt by a two-day halt in Lesotho during the country's general elections, as well as by an equipment breakdown, now repaired.

November 2, 2022

Diamonds trade watchdog mulls fate of Russian gems

The Kimberley Process is expected to decide this week whether Russian diamonds should be declared conflict gems.

November 1, 2022

Debswana posts 37.5% jump in 9-month diamond sales

However, De Beers sees the risk of the market slowing down in the coming months due to a deterioration in global economic conditions.

October 27, 2022

Higher-grade ore boosts De Beers diamond output

Production of rough diamonds climbed 4% to 9.6 million carats in the third quarter of the year, compared to the same period of 2021.

October 27, 2022

Anglo American Q3 production flat as copper’s drop offsets upbeat coal output

Anglo American's quarterly output grew 16% from the previous three months led by the robust coal and diamond operations.

October 21, 2022

De Beers to offer sweeter terms as diamond market shows strain

De Beers has told customers in a memo that it would be doubling the size of its so-called buyback process.

October 21, 2022

Rare pink diamond of 170 carats to go on sale this month

The 170-carat “Lulo Rose” may be the largest recovered in the last three centuries, Lucapa Diamond said in July.

October 21, 2022

South Africa’s Treasury to trim budget deficits further on mining royalties

Barclays' economist Michael Kafe said revenues were on track to exceed budgeted estimates and part of the windfall would be allocated to the public wage bill.