Gemfair signs MOU to advance ASM standards in West Africa

De Beers’ GemFair has signed a Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Mano River Union (MRU) to enhance practices the artisanal and small-scale diamond mining (ASM)...

Today

Fura concludes ruby transaction in Mozambique

Fura Gems has completed the acquisition of interests in two ruby licences/concessions in Mozambique securing a 70% interest in one mining licence and 80% in the other by way of buying shares.

Today

Angola seizes 462 diamonds in Lunda-Norte under ‘Operation Transparency’

Angola seized 462 diamonds under ‘Operation Transparency’ in the last two months, in Lunda-Norte Province, according to the state media.

Yesterday

Jewellery & Gem WORLD Hong Kong 2020 moved to November 9-13

Jewellery & Gem WORLD Hong Kong (JGW), organised by Informa Markets – Jewellery, has been rescheduled for November 9 to 13, 2020 at the AsiaWorld-Expo (AWE).

Yesterday

Namibian police nab three men with six rough diamonds

Three men were last week arrested by the Namibian police after they were allegedly found in possession of six rough diamonds in Windhoek, according to the local media.

Yesterday

Recession in diamond industry to hit diamond miner’s biz

16 october 2019
(indiatimes.com) - Prevailing recession in Surat’s diamond industry has affected the world’s largest diamond mining company, De Beers’ fortune too. The company is staring at huge losses due to lower sales in the last four sale sights. For the year to date, De Beers’ rough diamond sales are down 27% with diamantaires in India deferring more than 50% goods to reduce production in factories. For the first time, De Beers is expected to close the financial year with huge losses.