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A 20.47-carat diamond ring is a top seller at Christie’s, New York

A 20.47-carat brilliant-cut, D-colour, type IIa diamond ring fetched $2.7 mn at Christie’s Sales of Magnificent Jewels in New York on June 12, 2018.

Today

Petra raises $170 mln to lower swelling debt

Petra Diamonds said its shareholders have approved a rights issue to raise about $170 million to help lower its debt, which was $622 million at the end of March.

15 june 2018

Stornoway Announces Board Appointment

Stornoway Diamond Corporation announced the appointment of Michele S. Darling to the Corporation’s Board of Directors.

15 june 2018

Mugabe will no longer give evidence on missing Marange diamond revenue – report

Zimbabwe former president Robert Mugabe will no longer appear before a parliamentary portfolio committee on mines to give oral evidence about Marange diamond revenue pillaged during his rule, according to media reports.

15 june 2018

Queen Mary’s diamond tiara is back for the Royal Wedding

Meghan Markle chose to wear Queen Mary’s Diamond Bandeau tiara for her wedding to Prince Harry on May 19, 2018. The tiara belongs to Queen Elizabeth II, who lent it to Meghan for her wedding day.

15 june 2018

Dominion Holds Off on Ekati Expansion

22 may 2018
(Rapaport News) - Dominion Diamond Mines has delayed a key extension to its Ekati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June 2016 because it determined that the main Ekati deposit could yield more ore than it had expected. Following that decision, Dominion said it would begin work on Jay in 2018, rather than its original target of 2017. However, the miner has pushed back the project again to study how it can increase Jay’s profitability, CBC News reported, citing a company official. 


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