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

Customs dept cracks down on 'rough diamonds', industry cries foul

06 august 2019
(economictimes.indiatimes.com) – A packet of stones bearing the label ‘rough diamonds’ recently found its way to the customs department in Mumbai. It was part of a consignment for a city-based diamantaire, one of many similar packages. The accompanying shipping bill pegged its value as high as any high-yielding, rough-cut diamond lode. But the stones in this particular packet were quartz--they weren’t diamonds. It wasn’t a packing error, or a case of wrongful disclosure. What it represented, according to the customs department, was evidence of a scam that’s been brewing in the Indian diamond industry over the past few years.