AGD DIAMONDS processes the 25 millionth ton of ore

AGD DIAMONDS processed its milestone 25 millionth ton of ore at its ore processing plant of the Grib Mining and Processing Division. The company said its mining operations were proceeding in full accordance with the production targets.

Today

Wonder Technologies introduces LG WonderDiamond

Russian Wonder Technologies, which specialises in LG diamonds, has launched «WonderDiamond» at half the price of natural stones.

Today

De Beers: We are not negotiating with Endiama for Angola return

De Beers has refuted reports that it is currently negotiating with Angola’s Endiama for a possible return to the southern African country.

Today

Botswana Diamonds raises £250k to finance exploration activities in southern Africa

Botswana Diamonds has issued about 42 million new ordinary shares at a placing price of 0.6p per share to raise £250,000.

Today

Mountain Province Diamonds announced 4Q and full year 2019 production and sale results

Mountain Province Diamonds Inc. announced production and sales results for the fourth quarter ended December 31, 2019 ("the Quarter" or "Q4 2019") from the Gahcho Kué Diamond Mine.

Today

Why Luxury Jewelry Experts Prefer Natural Diamonds

Today

(forbes.com) - What is a diamond worth? While you’ll get an emotional answer from someone who proudly wears and treasures their grandmother’s engagement ring, a single mother who sorts diamonds to support her family will offer other opinions. And, whereas a diamond dealer will deliver a market-based assessment, a luxury jewelry designer is likely to have a more poetic view. All of these people, however, will doubtless agree that a diamond’s value transcends mere economic classifications.

Can Chinese Millennials and Gen Zers Warm the Freezing Global Diamond Industry?

Yesterday

(jingdaily.com) - The mining giant De Beers Group’s 17 percent revenue slump in 2019 is a warning of a freezing global diamond industry. The crisis triggered by floundering rough diamond prices is forcing the former monopoly to focus on polished diamonds. To deal with the pressure from the wholesale market, De Beers will pour resources into improving retail performance, budgeting even higher than last year’s $170 million on marketing. The two targets are China and the U.S.

Why Luxury Brands Should Celebrate the Preowned Boom

24 january 2020

(bcg.com) - Luxury goods manufacturers have much to gain by encouraging and participating in the fast-growing luxury resale market. Although many manufacturers once viewed this market as an unattractive niche, a recent BCG survey reveals that it has found new life through the online channel and now offers a powerful opportunity for luxury brands to boost their image and grow their customer base.

Jeweler De Grisogono Allegedly Funded by Shell Companies Laundering Angolan Government Money

23 january 2020

(jckonline.com) - Swiss fine jewelry brand de Grisogono has allegedly been a part of a complicated, long-running money-laundering scheme that’s redirected Angolan government funds into shell companies owned by one family. According to the International Consortium of Investigative Journalists, which shared more than 700,000 supporting documents it obtained with The New York Times, Isabel dos Santos—Africa’s richest woman and the daughter of Angola’s former president, José Eduardo dos Santos—and her husband, Sindika Dokolo, funded de Grisogono and roughly 400 other companies through a series shell companies based in Luxembourg, Malta, and the Netherlands. These companies fleeced the people of poverty-stricken Angola of more than a billion dollars over several years.

The Greatest Story Ever Sold

22 january 2020

(mgretailer.com) - Throughout history, a few extraordinary advertising campaigns literally changed society. These tales have been told—and sold—to the masses and changed the course of human events.

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