DDE sold the most expensive rough stone on its tender floor

DMCC – the world’s flagship free zone and government of Dubai authority on commodities trade and enterprise – announced that an exceptional 100+ carat rough diamond was successfully sold for USD 5.218 million (USD 44,004 per carat) in a record...


China's diamond import sustains growth momentum in Q3 of 2021

With the rapid recovery of China's retail jewellery market, the diamond imports of the country have maintained a sustained growth momentum in the first three quarters of 2021.


Namdeb eyes extension of land-based operations to 2042

Namdeb Diamond Corporation, a 50/50 joint venture between De Beers and the Namibian government, has approved a new long-term business plan that will extend the current life-of-mine of its land-based operations to 2042.


Angola to convene first international diamond conference

Angola’s mineral resources ministry will convene its first international diamond conference from November 25 to 27 in Saurimo, the capital of the Lunda Sul province.


Seligdar announces operating results for the first nine months of 2021

Gold production by the holding companies for the reporting period amounted to 5,420 kg. This indicator includes placer gold, the production of which was not taken into account in the figures for 9 months of 2020. The production of ore gold amounted to...


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.