Botswana Diamonds completes nine-hole drilling on Thorny River

Botswana Diamonds has completed its nine-hole drilling programme on the Thorny River property in South Africa. It said the objective of the hole drilling was to see if two kimberlite blows were one contiguous orebody, thus increasing the overall resource...

Today

Lifeline for small-scale chrome miners in Zim

Zimbabwe Zhongxin Smelting Company, a joint venture between a Chinese firm and the Zimbabwe Defence Forces, is constructing a $60 million smelting plant in Masvingo.

Today

Out of the deep blue: Buyers at Christie’s will have a chance to bid for Rolex Experimental Deep Sea Special N°1

Developed as a prototype for perfecting the Rolex diving watch concept, this Rolex Deep Sea Special N°1 was attached to the hull of Auguste Piccard’s bathyscaphe Trieste for the inaugural deep-sea trial to a depth of 3,150 meters in the Mediterranean...

Yesterday

Lucara unveils 1,175-ct rough diamond in New York – report

Lucara Diamond and manufacturer HB Antwerp unveiled a 1,175-carat diamond in New York City in a bid to attract investors. Reuters reports that the stone recovered at the Karowe mine, in Botswana last June would be on display for a week at the Whitby...

Yesterday

Asset-backed cryptocurrency gains momentum in China

Diamonds have not been a favourite with Chinese investors in the past because they tend to lose their resale value. But thanks to the emergence of cryptocurrency, this attitude towards diamonds as an unviable investment vehicle has changed.

Yesterday

De Beers VP Says Slowdown in Smalls is Largely Cyclical, Not Due to Impact of Lab-grown Diamonds

20 march 2019
(gjepc.org) - The segment of the diamond industry dealing in lower-priced and smaller-sized stones has gone through a rather difficult phase over the last few months. While the most recent sales figures released by De Beers and Alrosa, as well as the trading statistics from AWDC, indicate that there could be some signs of a turnaround, however weak, the market is still far below the levels of a year ago. What were the reasons for the slowdown? Are they reflecting the start of a longer-term shift in the industry brought about by the growth of synthetics or lab-grown diamonds? Will the market for small natural diamonds regain some sort of stable equilibrium?