Petra on a roll, recovers another big stone at Cullinan

Petra Diamonds has recovered a 209.9 carat D colour Type II gem quality diamond at its Cullinan diamond mine, in South Africa.

19 april 2019

International Diamond Council elects new leadership

The International Diamond Council (IDC) has elected Julien Drybooms as its new Chairman, while Pol van der Steen is the new Vice-Chairman.

19 april 2019

Botswana unveils oval-shaped 20-carat blue diamond

Botswana's state-owned Okavango Diamond Company (ODC) has unveiled a rare 20.46 carats blue diamond named "The Okavango Blue" in honour of the Okavango Delta, the country's wildlife-rich world heritage site.

19 april 2019

Four up for diamond ore theft in Marange

Four suspected armed robbers facing accusations of stealing diamond ore belonging to the Zimbabwe Consolidated Diamond Company (ZCDC) in Marange on March 24 last year, were remanded in custody to April 17 for trial.

19 april 2019

Stornoway announced changes to senior management

Stornoway Diamond Corporation announced the appointment of Dino Rambidis as Chief Financial Officer of Stornoway, effective immediately, replacing Orin Baranowsky.

19 april 2019

Online sales boost luxury goods group Richemont’s earnings

30 january 2019
(The BusinessDay) - Johann Rupert’s Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost. The Swiss-based group, which owns, among others, the Cartier and Van Cleef & Arpels brands, said YNAP’s contribution was the main reason sales were up 25% to €3.91bn for the third quarter to end-December. The contribution of Richemont’s online operation offset a somewhat sluggish retail operation whose sales rose a modest 7% to €2bn. Sales for its wholesale operations only increased 1% to €1.1bn. By comparison, online sales surged from €59m to €694m. Prior to the acquisition of YNAP, the group’s online sales contributed only 1% to total sales, but now make up close to 18%.