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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

Alrosa to acquire one of the world’s largest diamond polishing firms

15 may 2018
(mining.com) - World’s top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country’s largest and one of the world’s biggest diamond cutting firms. Alrosa’s chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target’s price and so make an offer, Prime Business News Agency reported. It the deal goes through, the Russian diamond giant would become a stronger competitor to Anglo American’s De Beers, the world’s largest producer by value.

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