‘Botswana Diamonds on track to become diamond producer by mid-2019’

Botswana Diamonds said it is on course to commence bulk sampling and to produce diamonds at the Thorny River project, in South Africa by mid-year.

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Hong Kong company awarded Guinness World Record at Baselworld

Coronet was recognised by the Guinness World Records for its ‘Mudan’ watch which was unveiled at Baselworld 2019, the prestigious Swiss watch and jewellery trade fair.

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Worldwide jewelry sales rise by 4% in 2018 - ALROSA

Global sales of diamond jewelry grew by 4% in 2018 compared with last year and amounted to $85.9 billion.

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Zim commissions diamond exploration project in Masvingo Province

Zimbabwe has commissioned a diamond exploration project in Chivi and Mwenezi districts in Masvingo Province to establish the extent of diamond deposit in the area, a local daily reports.

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RAPAPORT organises melee auction in Belgium

Rapaport Auctions is organizing a melee auction in Belgium from March 25-27, AWDC reported.  

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Diamond Scam Probe Reopens Scandal Italian Banks Want to Forget

14 march 2019
(Bloomberg) - In 2014, Massimo Balestra received a call from an employee at his bank, offering a risk-free investment “as secure as a wall safe.” The resident of a small northern Italian town ended up spending 6,945 euros ($7,876) on a diamond that he says he hasn’t seen since. Balestra is one of almost 100,000 Italians who bought so called “investment diamonds” at the urging of their banks in a widespread arrangement that’s now the target of a criminal investigation by the country’s financial police, according to people with knowledge of the matter. Investigators allege that Italy’s biggest banks hooked up their clients with diamond brokers who sold them stones for as much as double their market price.