Catoca denies polluting DRC rivers that killed 12 people

Sociedade Mineira de Catoca which produces 75% of Angola’s diamonds, has denied leaking heavy metals from its mine in the northern part of the country.

Today

Ethereal Green Diamond produces the world’s largest LGD

Ethereal Green Diamond is the manufacturer and global supplier of lab-grown diamonds headquartered in India. Ethereal Green Diamond has produced the world’s largest certified lab-grown diamond, the 14.60-carat ‘Freedom of India’.

Today

Exclusive diamond rings at Bruun Rasmussen Auctioneers

A yellow diamond ring of no less than 6.49 ct. is up for auction at Bruun Rasmussen 23 September together with the iconic diamond and emerald covered ring by Cartier.

Today

Platinum-group metals price hit due to stagnant auto production

The shortage of semiconductors is negatively affecting the price of platinum-group metals as investors brace for a long-lasting hit to car production.

Today

Zimbabwe security forces arrest 72 illegal diamond miners

Zimbabwe Republic Police and the Zimbabwe National Army (ZNA) arrested at least 72 illegal diamond miners in a joint operation to remove hundreds of artisanal miners who invaded the Charleswood Estate in Chimanimani in search of alluvial diamonds...

Today

Polished Diamond Prices Edge Down in April

28 may 2020
expert_28052020_proposal.jpg
Image credit: GeorgeB2 (Pixabay)

(edahngolan.com) - Conventional wisdom holds that trading in the diamond industry should have come to a complete stop in April. This is largely true, but there are some exceptions. Polished diamond trading has continued, though at a much reduced level. Prices naturally declined, down a low single digit. Month over month, polished diamond prices fell an estimated 1.7% in April. This is impressively steady compared to price changes during normal times. And much better than wheat (-4.7%), coffee (-11.9%), or oil (-7.2%). The worst of COVID-19 seems to be behind us. Stores around the world are starting to re-open, led by China and Hong Kong. Cautiously, consumers will return as well. Although unemployment is sky high, weddings will be held and bridal jewelry will be purchased.