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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

Diamond Industry & Analysts React to De Beers Synthetic Diamond Adventure

04 june 2018

(thediamondloupe.com) - “We are not planning to change our strategy, integrate in the new market (synthetic product market) and launch our own synthetic production, or sell lab-grown diamonds. It is obvious that ALROSA as a diamond producer and one of the founders of Diamond Producers Association (DPA) hopes that this initiative will lead to differentiation of diamonds and synthetic stones, underlining the status of synthetics as a distinct low-price product. However, we can’t deny that there is a chance that it will increase the demand for synthetic stones and cause the devaluation of a diamond as a notion.” Sergey Ivanov, CEO - ALROSA, quoted by Interfax news agency.

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