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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

US Jobless Down But Static Wages Preventing Widespread Spending

13 june 2018
(idexonline.com) - With an official unemployment rate a shade under 4%, one might expect the American consumer to be feeling comfortable about spending more of his hard-earned cash. They should also feel that they are benefiting from the strength of the US economy. While diamantaires – including not a few with whom I spoke at the Carat+ show in Antwerp this week – say the US market is solid generally and strong in pockets, none of them said it was storming ahead. According to a new poll I saw, just 12% of Americans said that they feel they are enjoying the benefits of the economy, while another 32% said they had received some benefit from the economy, according to the Monmouth University Polling Institute. Most, however, said that their families are still struggling.

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