Japan's diamond market: spring, summer, autumn, winter and … spring again?

Several decades ago, Japan was one of the world's major diamond jewellery consumers, along with the United States. That said, there was virtually no diamond market in the country until the middle of the 20th century. The question arises as to how...

26 october 2020

Angola liberalizes mining industry

Angola is experiencing a new moment in its political history, with governance now led by the new President of the republic, João Manuel Gonçalves Lourenço, who replaced José Eduardo dos Santos, who led the country's destinies for 38 years. The new...

19 october 2020

Only four of the eighteen suspects are to stand trial for the diamond heist in Brussels

Only four of the eighteen suspects initially charged with the much-publicized diamond robbery at the Brussels International Airport will stand trial, the Prosecutor General of the Belgian capital announced.

Today

The Importance of Being Tiffany

(diamonds.net) - There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress...

Yesterday

Nornickel Announces Comprehensive Support Programme for Taimyr’s Indigenous Peoples

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has signed cooperation agreements with three organizations representing the indigenous peoples of the Taimyr Peninsula. These organizations...

28 october 2020

Tiffany and LVMH modify merger price

Today

LVMH Moët Hennessy Louis Vuitton (LVMH), the world’s leading luxury products group, and Tiffany & Co. (Tiffany), the global luxury jeweler, announced on Thursday that they have concluded an agreement modifying certain terms of their initial merger agreement to reflect a purchase price of $131.50 in cash and to reduce closing conditionality.

Africa to act on challenges posed by synthetic diamonds – ADPA

Today

African Diamond Producers Association (ADPA) says the natural diamond industry should do more to address the challenges caused by synthetics on the diamond pipeline.

Diamond Exchange may be born as early as 2021

Today

The Minister of Mineral Resources, Oil and Gas, admitted that Angola may have a diamond exchange by the end of 2021.

Trustco secures $85.8mln for development, expansion of Sierra Leone diamond mine

Today

Namibia’s Trustco Resources has secured a debt facility of $50 million and an export credit facility of $35.8 million for the development and expansion of the resources segment, with the emphasis on its diamond mining asset in Sierra Leone, Meya Mining.

Yoram Dvash not to run for IDE President for third term in December; Dvash to concentrate on his role as WFDB President

Today

Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced on Wednesday that he will not stand for a third term in elections in December 2020.

WGC: Global gold demand dips 19%; but strong growth in investment demand in Q3

Today

Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic.

Petra boosts Q1 revenue as production dips on mothballed Williamson mine

Yesterday

Petra Diamonds' first-quarter revenue for the fiscal year 2021 jumped 33% to $82 million compared with $61.6 million, a year earlier mainly due to the release of inventory carried over from the fourth quarter of the fiscal year 2020.

Rio wants court approval to sell partner's share of diamonds

Yesterday

Rio Tinto has approached the court to get a green light to sell its partner's share of diamonds from the Diavik mine in Canada. Rio, the parent company of Diavik Diamond Mines Inc. (DDMI), which has a majority stake of 60% in the Diavik Diamond Mine, claimed that it is owed C$119.5-million and about C$2.4-million in fees by Dominion Diamond that holds a 40% stake in the mine.

Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020