WDC urges extreme caution when exporting diamonds from CAR

The World Diamond Council (WDC) says the diamond industry should carry out enhanced due diligence when considering the purchase of goods believed to be emanating from the Central African Republic (CAR).

05 march 2021

BlueRock raises £1.5 mln to complete expansion project at Kareevlei

BlueRock Diamonds has raised £1.5 million through an oversubscribed subscription of 3,75 million new ordinary shares for 40 pence per share.

05 march 2021

Hong Kong’s jewellery retail sales dip 31.7% in January 2021

Due to the fourth wave of COVID-19 cases in Hong Kong, jewellery sales in the city dipped by 31.7 per cent in January 2021, but the pace of decline had eased slightly, as per the government data.

05 march 2021

Rio Tinto to see Board changes after forthcoming AGMs

Rio Tinto Chairman Simon Thompson has informed the Board that he will not seek re-election as a non-executive director at the 2022 Annual General Meetings of Rio Tinto plc and Rio Tinto. Sam Laidlaw, a senior independent director of Rio Tinto plc, and...

05 march 2021

RZM Murowa earmarks $450 mln to expand Zim operations

RZM Murowa (formerly Murowa Diamonds), a subsidiary of RioZim is set to invest $450 million to expand its operations in the Midlands Province, Zimbabwe, according to the state media.

04 march 2021

Luxury Giants Like Louis Vuitton Are Falling for Big Gems

18 february 2021
(New Your Times) - A handful of huge diamonds has arrived in the world of high jewelry that could alter the entire business. In January 2020 Louis Vuitton, the world’s most valuable luxury brand, revealed it had bought the second-largest rough diamond ever mined. It bought the 1,758-carat Sewelô for an undisclosed amount in collaboration with Lucara Diamond Corporation and HB Company. But it turns out the brand’s appetite for great big diamonds was just beginning. In November, it purchased a smaller, but still uncommonly large, rough diamond, the 549-carat Sethunya. The acquisitions are compelling evidence that Vuitton, the star of the sprawling LVMH Moët Hennessy Louis Vuitton luxury conglomerate founded by Bernard Arnault, is polishing its high jewelry credentials. And it is not alone.