De Beers to hold sight 5 from mid-June

De Beers is set to conduct sight 5 from June 15 in Botswana, South Africa and Namibia, according to impeccable sources privy to the goings on.

Today

DPA rebrands to Natural Diamond Council

The Diamond Producers Association (DPA) has rebranded to the Natural Diamond Council (NDC) as it seeks to promote the desirability of natural diamonds and support the integrity of the diamond jewellery industry.

Today

DRC suspends board, management of state-owned diamond firm Miba

The board and management of the Democratic Republic of Congo (DRC)’s state-controlled diamond company, Bakwanga Mining (Miba SA) has been suspended, according to news reports.

Today

Christie’s schedules LIVE auction in Hong Kong for July 9

Christie’s Magnificent Jewels live auction scheduled for July 9 in Hong Kong will top bill a rare 12.11-carat intense blue/IF diamond ring.

Today

Antwerp Diamond Bourse president Korn steps down

The Antwerp Diamond Bourse announced that its president, Jacques Korn, is stepping down for personal reasons and will be replaced by current board member and vice-president, David Gotlib.

Today

Namdeb closure to hit country hard

23 september 2019
(neweralive.na) - Namdeb’s mooted closure by 2022 would leave Namibia poorer by billions, and efforts are being made to explore extending the flagship company’s lifespan. The onshore diamond mining company – owned 50/50 by the Namibian government and De Beers Group – is hanging onto its own existence by fingernails as on-land diamond reserves wear thinner. Original operations started in 1908 and, while diamonds themselves are said to be ‘forever’, mining them is finite. The company, in fact, had its eulogy already written in preparation of its pre-empted closure in 2012, but work by its engineers breathed life into its lungs so it may hang onto dear life for 10 more years.