An exclusive diamond recovered by AGD DIAMONDS is named after Boris Popov

A unique diamond recovered by AGD DIAMONDS at the Grib Mine in April 2020 was named after Boris Popov, the statesman who made a significant contribution to the discovery and development of the Arkhangelsk diamondiferous province.

10 july 2020

Covid-19 pandemic slows Lucapa Q2 output in Angola

Lucapa Diamond’s second quarter output at its 40%-owned Lulo alluvial project, in Angola eased 24% to 2,944 carats compared to 3,868 carats, a year earlier.

10 july 2020

ALROSA's sales in June “were expectedly low”

The diamond miner’s total sales of rough and polished diamonds in June amounted to $ 31.3 million, including $ 24.8 million in rough sales and $ 6.5 million in polished sales, according to its trading update released on Friday.

10 july 2020

Diamond Fields amends cooperation agreement with TMH over Madagascar project

Diamond Fields Resources (DFR) has amended its cooperation agreement with TMH Acquisition (TMH), a special purpose vehicle established by Denham Mining to advance the company's Beravina project in Madagascar.

10 july 2020

Severalmaz resumes operations at processing plant

Severalmaz, a subsidiary of ALROSA Group, resumed operations at its processing plant on the Lomonosov diamond field after a temporary shutdown. The ore processing facility, idle since mid-May, was restarted on July 8 and will continue operation until...

10 july 2020

The New Reality Of Diamonds

26 june 2020

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Image credit: mohamed Hassan (Pixabay)

(forbes.com) - The $80-billion global diamond industry has been a tradition-bound business reluctant to change until recently. The advent of e-commerce and price transparency and the introduction of new products such as lab-grown diamonds are helping to transform the industry. The diamond industry’s business structure, which had worked well for mining companies, intermediaries, wholesalers and retailers, was bound to be disrupted. E-commerce was the first body blow to the status quo, as more and more consumers, especially younger ones, began buying diamonds online. Today, millennials and Gen Z customers make up the bulk of online sales, driving revenue on new e-commerce jewelry platforms.