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.

22 february 2019

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.

22 february 2019

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.

22 february 2019

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.

22 february 2019

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...

22 february 2019

Recession threat has retailers thinking twice about big decisions

12 february 2019
(CNBC) - What does the U.S. economy have in store for retailers in 2019? For many, it looks to be a waiting game. Businesses are waiting for economic data and holiday-quarter earnings to come out before they make decisions on how much and where to invest. They're waiting to see if the economy is slipping into a recession. Waiting to see if global trade tensions rise or ease. And waiting to see if consumers pull back on discretionary spending should their tax refunds shrink. And while these companies wait, some are seemingly holding off on big investments.