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News
Sotheby’s Sets $37M Price Tag for Infinite Blue Diamond
4+ week, 19+ hour ago (158+ words) Sotheby’s will offer an 11.28-carat blue diamond in a single-lot Hong Kong auction, where it is expected to fetch up to $37 million. The October 5 sale of the radiant-cut, fancy-vivid blue diamond, called the Infinite Blue, will kick off the fall…...
GIA and Swiss Lab Confirm New Tourmaline Originates from Ethiopia
1+ week, 8+ hour ago (267+ words) The Gemological Institute of America (GIA) and the Gübelin Gem Lab in Switzerland have both confirmed Ethiopia as the source of a new copper-bearing tourmaline. Separate investigations the labs conducted, in addition to established references and analytical data, verified the…...
De Beers Still Has ‘More Than One’ Bidder, Anglo Says
1+ mon, 3+ day ago (373+ words) Anglo American is not in exclusive talks with any individual bidder for De Beers, the parent company’s CEO said Thursday in interviews with business media. Duncan Wanblad’s comments follow reports that the mining conglomerate is discussing a $1 billion sale of…...
Rio Tinto Processes Diamonds from Shuttered Diavik
1+ mon, 2+ week ago (154+ words) Australia-based miner Rio Tinto has recovered diamonds from the remaining ore at its Canadian Diavik mine following its closure. The company retrieved 33,000 carats in the second quarter that ended June 30, it reported last week. The Diavik mine closed in March…...
Consortium led by Gareth Penny is the top bidder to acquire De Beers, reports say
1+ mon, 2+ week ago (334+ words) Anglo American chose a consortium led by Gareth Penny, former De Beers CEO, as the top candidate to buy the company, Moeti Mohwasa, Botswana’s minister for state president, defense and security announced today. “Anglo American ran a competitive process involving…...
Why Botswana Goes to JCK Las Vegas
2+ mon, 3+ week ago (95+ words) Botswana has a problem: US consumers don’t know diamonds come from there. They might not even know where it is. That’s why the African nation has exhibited at three consecutive JCK Las Vegas shows, aiming to inform both the industry…...
A New Diamond Narrative for Sierra Leone
3+ mon, 5+ day ago (155+ words) < BACK TO MAGAZINE The most heartbreaking was the continued poverty that you see, and the desperate need of diamond dealers to have the narrative changed so that consumers and manufacturers appreciate Sierra Leone diamonds for what they are — magnificent rough…...
De Beers and Botswana Appoint Diamonds for Development Fund Chair
3+ mon, 5+ day ago (154+ words) De Beers and the government of Botswana have named Akinwumi Adesina as the chair of the Diamonds for Development Fund. In his new role, Adesina will oversee the fund’s efforts to support Botswana’s long-term economic goals. The miner and the…...
Petra to Close Finsch Mine, Lay Off More Workers
3+ mon, 6+ day ago (357+ words) Petra Diamonds will shutter its Finsch mine and dismiss a number of employees to tighten its spending and focus on the higher-value Cullinan deposit amid the prolonged industry downturn. “We are faced with an unprecedentedly weak diamond market, due to…...
Angola to Reduce Supply of Small Diamonds
3+ mon, 6+ day ago (596+ words) You can accept all cookies, configure them orcontinue only with the required cookies. Angola will limit output of small rough in the coming months, aiming to avoid flooding the market, state-owned diamond miner Endiama has said. Angola is the world’s…...