De Beers rough sales slide again

Anglo American said the value of rough diamonds sold by De Beers dropped to $475 million during the eighth cycle of 2018 compared to $503 million recorded in the seventh cycle.

Today

Rio Tinto’s diamond production dips in Q3 2018

Rio Tinto has announced that production in its Argyle Mines (100%) and Diavik Mine (60%) have dipped during the third quarter of 2018. Argyle witnessed a 19% dip in carat production y-o-y.

Today

GJEPC Jaipur hosts exporter interaction with bank and customs officials

The Jaipur regional office of The Gem & Jewellery Export Promotion Council (GJEPC) hosted an "Industry Interaction with Banks" on Friday, October 12 as part of its event series ‘The Dialogue - A New Beginning’, says a report in gjepc.org...

Yesterday

Angola denies abusing illegal foreign diamond miners

Angola has refuted reports that its security forces failed to observe human rights when they conducted an operation to drive out foreign illegal artisanal diamond miners in the Lunda Norte province bordering the Democratic Republic of Congo.

Yesterday

Gem Diamonds recovers 357 ct light brown stone from Letšeng

Gem Diamonds said it has recovered a 357 carat light brown ‘high quality’ diamond from its 75 percent-owned Letšeng mine in Lesotho.

Yesterday

Are Diamonds a Good Investment?

11 october 2018
(sendcockpit.com) - The topic of buying diamonds as an investment has recently become a commonly debated issue. A fixed price per gram, such as the universal world price for an ounce of gold, for example, does not exist for any diamonds, whether colourless diamonds or Natural Fancy Coloured Diamonds. Each stone is unique, and no two stones are exactly the same. A diamond’s value is determined by several factors, the best known being the 4Cs: Carat, Colour, Clarity and Cut. Even the smallest differences can have an enormous impact on price. The term “investment diamonds” is used more and more often; however, because diamonds yield neither interest nor dividends, they are not a typical investment. Supply and demand also affect the price of diamonds, so although diamond prices are stable over a long period, a drop in demand can cause prices to fall. For rare colours like pink, blue, green or red, prices have increased significantly for stones of all sizes. In recent years, record-breaking prices have been paid for larger stones in these colours at the famous Sotheby’s and Christie’s auctions. Despite these record prices, however, caution is still advised because often times, those high prices were paid by professional traders who specialize in the sale of such stones. In addition, several “important” stones recently failed to attract buyers at auction.