Another diamond auction held by Russia’s Ministry of Finance added $3.5 million to the country’s treasury

The Ministry of Finance of the Russian Federation held another auction for the sale of natural diamonds weighing up to 10.8 carats from the State Fund of Russia on Wednesday, as a result of which the country’s treasury raked in $3,542,092.62.

Yesterday

AGD Diamonds celebrated 23 years since discovery of Grib diamond deposit

Last Tuesday, AGD Diamonds, a Russian diamond company, celebrated 23 years since the discovery of the Grib diamond deposit, the fourth largest diamond deposit in Russia and the seventh in the world.

Yesterday

Over 5,000 cts for first Mothae run of mine sale in Antwerp – Lucapa

Lucapa Diamond, which has a 70 percent stake in Lesotho’s Mothae, said more than 5,000 carats will be placed under the hammer at its first run of mine sale in Antwerp.

Yesterday

HKTDC’s Twin Shows: World's largest jewellery marketplace opens next week

Two major jewellery shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week.

Yesterday

FCRF: Fancy color prices will rise as supply wanes

One of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last...

Yesterday

Martin Rapaport Slaps De Beers—And De Beers Slaps Back

20 june 2018

(jckonline.com) - Martin Rapaport has made a number of fiery denunciations about lab-grown diamonds, so when I heard that he spent his annual JCK Las Vegas breakfast speech lambasting De Beers, I thought he had taken the company to task for Lightbox. But no, he only touched on that topic—and hailed De Beers’ approach as “brilliant”—and was angry about a different, if still important, issue: De Beers’ reluctance to let retailers and manufacturers identify the source of De Beers–mined goods as from the company. (The speech can be watched here and is also embedded at the end of the post.)