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.

Yesterday

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.

Yesterday

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.

Yesterday

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.

Yesterday

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.

Yesterday

FTC Sends Warning Letters to Companies Regarding Diamond Ad Disclosures

04 april 2019
(ftc.gov) - Federal Trade Commission staff sent eight letters to jewelry marketers warning them that some of their online advertisements of jewelry made with simulated or laboratory-created diamonds may deceive consumers, in violation of the FTC Act. The letters note that in July 2018, the FTC issued updated Guides for the Jewelry, Precious Metals, and Pewter Industries that provide marketers with information on how to make non-deceptive representations about jewelry and related products, including mined, lab-created, and simulated diamonds. Failure to follow the Guides, the staff warns, may result in enforcement actions if the FTC determines the companies engaged in unfair or deceptive acts or practices. Such actions could result in civil penalties if the company engaged in practices knowing that the Commission has already deemed them deceptive in earlier litigation.