Rio Tinto lines up tender of Australian, Canadian diamonds

Rio Tinto says a selection of rough diamonds from its Argyle mine, in Australia and the Diavik mine, in Canada will be tendered to diamond specialists in October and November.

Today

WDC holds its 2020 Annual General Meeting

The members of the World Diamond Council (WDC) held their Annual General Meeting on October 19, 2020 by way of a videoconference.

Today

ZCDC resumes rough diamond sales as it struggles to pay workers

The Zimbabwe Consolidated Diamond Company (ZCDC) has resumed rough diamond sales following interruptions caused by global travel restrictions to curb the spread of the coronavirus.

Today

ALROSA extends long-term supply contracts with its clients

To support its clients amid the persisting market uncertainty, ALROSA has decided to extend the existing long-term rough diamond supply contracts through the end of Q1 2021.

Today

Angola expects diamond hub to open by end of 2021

Angola is expecting the country's first Diamond Exchange in Angola to be operation by the end of 2021, according to the local media. The minister of Mineral Resources and Petroleum, Diamantino Azevedo was quoted by Angop news agency as saying to...

Yesterday

How Will A Stronger Chinese Yuan Affect Luxury?

14 october 2020

(jingdaily.com) - In the 1960s, France’s then Minister of Finance, Valéry Giscard d’Estaing, said that the US dollar gave America an “exorbitant privilege.” Unfortunately, the Golden Age of US currency is nearing an end. These days, analysts discuss “the new era of weakness” for American currency. Yet, it is worth noting how as the world focused on the depreciation of the dollar and the rise of the euro, which was “becoming the go-to currency for safety and liquidity,” the Chinese yuan has steadily gained in notoriety and power.