Botswana Diamonds raises £250k to fund exploration, progress SA bulk sampling

Botswana Diamonds has raised £250,000 before expenses through the placing of 50 million new ordinary shares to fund its operations in in Botswana and South Africa.

19 july 2019

China reports a 3.5% rise in 1H jewellery sales

China’s the National Bureau of Statistics has revealed that jewellery sales in China rose 3.5 per cent year on year during the first half of 2019.

19 july 2019

De Beers lowers production guidance as Q2 output drops 14% to 7.7Mcts

Anglo American has revised downwards the production guidance of De Beers for the year to about 31 million carats from the previous range of 31-33 million carats, in response to weaker trading conditions.

19 july 2019

Synthetic diamonds do not inspire jewelers – CEO of De Beers Jewellers

Synthetic diamonds, unlike natural, do not inspire jewelers to creativity, says François Delage, CEO of De Beers Jewellers.

19 july 2019

ZCDC mulls lifestyle audit of employees following diamond robberies

The Zimbabwe Consolidated Diamond Company (ZCDC) is set to audit the lifestyle of its employees following diamond robberies in Marange, a local weekly reports.

19 july 2019

Las Vegas 2019: Guts without Glory

24 june 2019
( - When hit, we instinctively flinch. Close our eyes for a moment, crunch, and maybe turn sideways a little. But in a fight, that is the wrong thing to do. You’ll get hit, suffer and lose. Guts without glory. Every boxer knows that when a fist is heading in your direction, the smart thing to do is hit right back. It throws off your opponent, who is usually pretty open at that point, and this has a great psychological impact. In a fight, your goal is more than to remain standing. You want to win. No matter what, even of the cost is an occasional blow. To win, you may need to suffer some pain, so hit back, don’t stop attacking, don’t flinch. The diamond industry used to be a prize winner. It was young, feisty, fast, hungry, well financed, and had the ultimate sponsor. But at more than 100 years old, it’s a little tired, has less energy, bouncing back is tougher, the slower response time does not allow it  to hit back when a blow is sent in its direction. Is the diamond industry an aging fighter losing its stand? A few recent events, including the just concluded trade shows in Las Vegas, may provide an answer.