Diamond production in Surat begins in a phased manner

Diamond cutting units in Surat have been allowed greater flexibility to operate from 31 July Saturday on condition that they will adhere to a set of norms that include mandatory Covid-19 tests for traders and staff, as per media reports.

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De Beers H1 revenue more than halves as Covid-19 continues to wreak havoc

De Beers’ revenue dropped by 54% to $1.2 billion in the first half of 2020 compared with $2.6 billion, a year earlier, according to Anglo American.

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Lucapa’s Lulo earns $3.7m from latest tender

Lucapa Diamond has sold 2,625 carats from its 40%-owned Lulo alluvial diamond mine, in Angola for $3.7 million, representing an average price of $1,400 carat.

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Just Diamonds offers unique software to retailers

Just Diamonds, a Birmingham-based CMJ supplier of certified diamonds with unique buying software, has reported record results in its fourth year of trading driven by new customers, with turnover up 9.5 percent year-on-year in 2018/19.

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WGC releases Global Gold Demand Trends for Q2 and H1 2020

According to the World Gold Council’s Report released recently, the following are the highlights of the Gold Demand Trends for Q2 and H1 2020.

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Deep Sea Diamonds

31 july 2020

(idexonline.com) - "There's diamonds in them thar oceans." The original quote, "There's gold in them thar hills", heralded the 1848 Gold Rush and appears in Mark Twain's 1892 novel The American Claimant. I've taken the liberty of updating it to reflect the prospect of a new mineral dash. This time for underwater gems. We've been digging diamonds out of the ground for centuries now, but known reserves won't last forever. And there's good evidence that many millions of carats are lying under the seabed, just waiting to be sucked up and sold. Digging for marine diamonds has become a reality in the last couple of decades, thanks to enormous advances in technology.