ALROSA unearths a yellow 17.4 ct diamond at its new Verkhne-Munskoye deposit

ALROSA has recovered a 17.44-carat diamond at the Verkhne-Munskoye deposit for the first time since the beginning of its operations.

Yesterday

Star Diamond provides update regarding option to JV with Rio Tinto Exploration Canada Inc.

Star Diamond Corporation announced that, following a review conducted by Star Diamond’s special committee with assistance from the special committee’s independent legal counsel, Star Diamond has notified Rio Tinto Exploration Canada Inc. (RTEC)...

Yesterday

Sergey Eroshkin appointed new CEO of Bourevestnik

Sergey Eroshkin will become the new CEO of the Bourevestnik Innovation Center, ALROSA subsidiary, effective from February 15, 2020.

Yesterday

Star Rays aspires to become India’s first carbon-neutral diamond company

Indian diamond manufacturer Star Rays may be the first India’s first carbon-neutral diamond company in the country, because of its commitment to sustainable business practices.

Yesterday

Young Indians embrace platinum as a symbol of modern love and self-expression

While traditionally a market for gold jewellery, India has developed a strong appetite for platinum over the past decade.

Yesterday

The Elite De Beers Diamond Buyers Club May Get Even Smaller

20 january 2020

(bloomberg.com) - De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers—a supposedly elite group that are now struggling to turn a profit. De Beers has signaled to its handpicked buyers that it may significantly reduce their number, possibly by the most since its monopoly ended at the beginning of the century, according to people familiar with the discussions. It’s also reconsidering the way that diamonds are allocated among the group, said the people, who asked not to be identified because the conversations were private.