June 21, 2022

Russia eyes new rules on state’s gold, gem sales amid war

The Finance Ministry proposed this week to put a portion of the country’s gold and gems into a special reserve that can be accessed in times of war.

June 20, 2022

Civil society group flays diamond watchdog over Russia stalemate

The United States and Britain have imposed sanctions on Russia's Alrosa, the world's largest producer of rough diamonds, which accounted for around 30% of global output last year, and is…

June 16, 2022

Top producer Russia thwarts move to redefine ‘conflict diamonds’

The rift in the Kimberley Process, which certifies rough diamond exports, risks paralyzing the body which makes decisions by consensus.

June 14, 2022

Gem Diamonds finds 245-carat diamond at Letseng

The white diamond, found over the weekend, is third one over 100 carats recovered this year at the company's mine in Lesotho.

June 13, 2022

Gem Diamonds unearths 245-carat stone in Lesotho

It is the third diamond of over 100 carats recovered from the Letšeng mine within the past three weeks.

June 9, 2022

Six people killed in Congo diamond mine cave-in

Workers had been tunnelling underground at a mine near the provincial capital Tshikapa when an accident occurred.

June 8, 2022

Alrosa nixes dividend as economic sanctions bite

The company is subject to stinging economic sanctions levied by the West against Russia for its war in Ukraine.

June 7, 2022

De Beers rises small diamonds price amid shortage

The world’s top diamond producer by value applied a 5% to 7% price increase at the sale held this week in Botswana.

June 2, 2022

Jewelers’ gold sourcing more challenging in times of war

With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewelry and watches are finding it more difficult to secure raw materials.

June 2, 2022

Gem Diamonds unearths 125-carat diamond in Lesotho

The white diamond is only the second one over 100 carats recovered this year at Letšeng, the world’s highest dollar per carat mine.