"Diamonds Across Time" is now available for purchase online!

"Diamonds Across Time," the World Diamond Museum's first book in the series of Facets of Mankind publications, is now available for purchase online. The book was compiled and edited by the World Diamond Museum’s chief curator and world...

Today

Hong Kong’s jewellery and luxury goods retail sales dip 26.6 % y-o-y in October

As per the figures announced by Census and Statistics Department on December 1, 2020, Hong Kong's retail sales continued to decline in October. However, the figures indicated that the dip was at a much softer pace.

Today

Gem Diamonds recovers 179ct diamond at Lesotho mine

Gem Diamonds says it recovered a 179 carat high quality white Type I diamond at its Letšeng mine, in Lesotho, last week. It tweeted that the latest recovery was the company’s 16th diamond of over 100 carats unearthed at Letšeng this year.

Today

Diamcor Q2 revenue dips to $339k

Diamcor Mining sold 2,426.63 carats of rough diamonds from its Krone-Endora at Venetia project, in South Africa generating revenue of $339,280 in the second quarter compared to $730,692, a year earlier.

Today

De Beers outlines ambitious plans for next decade

De Beers has announced 12 ambitious sustainability goals for the coming decade, which will see it ethically source diamonds, achieve gender parity throughout its workforce and being carbon neutral within its operations by 2030.

Yesterday

Why Lucara’s New Deal Might Change the Diamond Market

15 september 2020

(jckonline.com) - On July 15, Lucara Diamond, owner of the Karowe mine in Botswana, announced it had forged a “groundbreaking” deal with Antwerp Belgium’s HB Group. The deal calls for Lucara to sell all its “special” (more than 10.8 ct.) diamonds to HB through the end of the year. That’s a big deal for HB, as Karowe has unearthed a lot of very special specials, including the 1,109 ct. Lesedi La Rona. But it’s also a big deal for Lucara, which derives 70% of its income from larger stones. But the interesting thing is how this deal is structured. It calls for HB to initially pay Lucara an estimate of the diamond’s eventual polished price—determined through “state-of-the-art scanning and planning technology”—minus HB’s manufacturing costs and an unspecified commission, which it’s also called a “fee.” HB will pay Lucara that initial estimate within 60 days of receiving the stone—a rare instance of a diamond miner extending credit.