The VIIIth Ecological Forum: clean business means clean air

Despite the fact that greenhouse gas emissions in Russia have halved over the past three decades, the country’s business and government authorities still have a lot of work to do within the National Ecology Project. This was stated during the plenary...

18 october 2019

Lulo diamonds sell for $2.6mln

Lucapa Diamond’s 40%-owned Lulo alluvial mine in Angola, has sold 1,736 carats of diamonds for $2.6 million, representing an average price per carat of $1,530.

18 october 2019

Firestone hires diesel generator units to keep mine's processing plant running

Firestone Diamonds said its Liqhobong mine, in Lesotho remains without sufficient power to operate the processing plant despite efforts over the past week to identify and to resolve the problem.

18 october 2019

GJEPC hosts ‘India Diamond Week’ in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) organized the India Diamond Week from 15th to 17th October 2019, which is aimed at creating an annual trading platform to increase communication amongst diamantaire,  and promoting...

18 october 2019

BlueRock achieves record quarterly grades at SA mine

BlueRock Diamonds, which owns the Kareevlei diamond mine, in South Africa has achieved a grade of 4.3 carats per hundred tonnes (cpht) in the third quarter, compared with a grade of 3.13 cpht in the third quarter of last year.

18 october 2019

Exclusive: Banks Face New Challenges In Italian Diamond Scandal

04 july 2019
(One America News Network / Reuters) - A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. The allegations, some previously unreported, are laid out in documents used by prosecutors when they sought a magistrate’s order seizing assets from the banks and two diamond brokers. Reuters viewed the documents, which also included excerpts of wire taps and witness statements. The allegations relate to suspected crimes and do not necessarily mean that prosecutors will charge the companies and their employees when their investigation, which has been running since 2016, is concluded. The number of bank officials under suspicion, and the allegations they may face if they are charged, however, are widening.