Rio Tinto welcomes Joint Standing Committee’s report on Northern Australia

Following its inquiry into the destruction of rock shelters at Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people (PKKP) in the Pilbara region of Western Australia, Rio Tinto welcomes the final report of the Joint Standing...


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.


End of duty-free 'will cost billions': Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard

19 november 2020

( - Eleven top luxury brands, including Gucci, L'Oreal and Tiffany, have warned that the end of duty-free shopping will cost billions and hit the UK economy at the 'worst possible time'. Chancellor Rishi Sunak is ending VAT refunds for international visitors to British shops from January 1. It is estimated the move could lead to up to 138,000 job losses and cost the economy £3.5billion. British holidaymakers will also be hit by extra taxes at the till as savings for travellers leaving the UK will be restricted to alcohol and tobacco.