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

The Great Diamond Shortage That Never Was Is Likely Coming Soon

12 april 2019
(Bloomberg) - For more than 15 years, the diamond industry has been telling the world about a looming shortage of gems. Instead, demand has been stubbornly underwhelming, and the miners have done a wonderful job of digging more and more stones. But the pain may soon be over for an industry that’s being squeezed by oversupply. In two separate reports this week, analysts set out forecasts of a tightening market in the next few years, with diamond supply falling into deficit in or around 2021.