Trust between industry and indigenous communities - from myth to reality

On January 1, 2021, the diversified mining giant Rio Tinto officially changed its CEO. Jakob Stausholm took up this high position. The unplanned rotation was caused by the destruction of an ancient Aboriginal sacred cave in the Juukan Gorge. Most of...


Indian diamond industry in 2020

It’s been a tough year for all and sundry. And would be an understatement to say the year 2020 was not exactly the best of time for the Indian diamond industry as well. But, it is a known fact that the diamond industry has weathered many a storm during...

11 january 2021

Will LVMH De-Americanize Tiffany?

( - Key Takeaways: Tiffany and LVMH may seem like a match made in heaven since both companies belong to “The Old Guard” of luxury, have a people-centric approach, and understand how to listen to their customers, but there are cultural issues at play...


New Book Reports Favorable Forecast for Luxury

( - What’s in store for the luxury sector over the next decade? Industry analyst, marketer and author Erwan Rambourg offers his predictions.


Convenient death of inconvenient environmentalist

On January 11, as a result of a tragic accident Kurt Willy Oddekalv, the world renowned ecologist and activist, died. He was the founder and head of the Norwegian Environmental Protection Organisation (Norges Miljøvern Forbund) and the environmental...

15 january 2021

Lucapa unearths another +100ct diamond from Lulo


Lucapa Diamond has recovered another +100 carat diamond at its 40%-owned Lulo alluvial mine in Angola. It said the 104-carat D-colour white stone was unearthed from Mining Block 46 (MB46).

Luk Fook’s jewellery sales improve in Q3; eCommerce sales outstanding


Hong Kong jewellery retailer Luk Fook Holdings (International) Ltd saw continued improvement in sales in the third quarter of the fiscal year 2021, thanks to sustained economic revival in China. The retail sales from October 1 to December 31, 2020, were down 29 per cent from year-ago figures but reflected a slower rate of decrease from a drop of 55 per cent in the second quarter.

AGD DIAMONDS unearthed first large diamond in 2021


On January 16 this year, the Grib Mining and Processing Division of AGD DIAMONDS unearthed a gem-quality diamond weighing 51.57 carats.

Lucara unearths 341ct diamond at Karowe mine


Lucara Diamond has recovered an unbroken 341-carat top white gem-quality diamond from its wholly-owned Karowe Diamond Mine in Botswana. It said the diamond was recovered over the holiday period from the milling of ore sourced from the southwestern quadrant of the South Lobe M/PK(S) unit.

Mountain Province Diamonds announces full year 2020 production results


Mountain Province Diamonds Inc. announced full year production and sales results from the Gahcho Kué Diamond Mine.

De Beers to drop some of its long-term rough buyers


De Beers has reportedly dropped some of its long-term diamond buyers in a bid to supply stones to buyers who can add the most value to the rough stones. Bloomberg quoted unnamed sources as saying that De Beers had told some of its customers known as sightholders that they will lose their right to buy rough diamonds.

Signet Jewelers reports strong fiscal 2021 Holiday Season sales


Signet Jewelers Limited, the world's largest retailer of diamond jewelry announced its preliminary sales for the 9 weeks ended (Holiday Season) January 2, 2021.

Gem Diamonds' Letšeng mine to remain fully operational despite new Covid-19 lockdown

15 january 2021

Gem Diamonds says its Letšeng mine in Lesotho will remain fully operational following the announcement of new Covid-19 lockdown restrictions. It said in a brief statement that Letšeng would continue to implement measures for the regular testing and protection of all of its mining staff and contractors as required by law.

Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...


Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020