Angolan diamond cooperatives resume exploration

Angola has allowed 16 diamond exploration cooperatives to resume their operations that were halted last September during the country’s "Operation Transparency", according to local news reports.

Yesterday

Petra Diamonds may take 5-10 years to clear Cullinan debt – report

Petra Diamonds, which acquired the Cullinan mine from De Beers in 2008, said it will take between five and 10 years from the opening of the new section to clear the debts related to the South African mine.

Yesterday

No need for gemologists at DTC Botswana, Okavango Diamond – official

Botswana does not need gemologists at Diamond Trading Company Botswana (DTCB) or Okavango Diamond Company (ODC) as they are not involved in polishing and cutting of diamonds, a government official has said.    

Yesterday

GJEPC presents The Artisan Jewellery Design Awards 2019

The Gem&Jewellery Export Promotion Council (GJEPC) presented The Artisan Jewellery Design Awards 2019 powered by GIA (Gemological Institute of America) and co-partnered by the DPA (Diamond Producers Association) on Feb 13, the...

Yesterday

‘Qatar Show’ embraces evolution and growth for the 2019 edition

Organisers of the Qatar Show have announced the 16th edition of the exhibition, which will be held between 20 and 25 February at the Doha Exhibition and Convention Center (DECC).

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.