Petra gross diamond reserves down 14% to 33.33Mcts

Petra Diamonds’ gross diamond reserves decreased 14% to 33.33 million carats as of 30 June 2021 compared with 38.86 million carats, a year earlier.

Today

Vladimir Dyukarev, former COO of ALROSA passes away

Vladimir Dyukarev, a mining engineer, who committed most of his life to the country's diamond industry making his way up from a foreman at the Udachny Mining Division to the COO of ALROSA, passed away today at the age of 78.

Today

The third J-1 Jewellery Congress to be held in Moscow on September 26-28

The third J-1 Jewellery Congress will be held in Moscow’s Gostiny Dvor Conference Hall on September 26-28. The Congress will become a key educational and business platform for the jewellery industry and will set new vectors for its further development...

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Private investor mulls $500mln investment in two Angola gold mines

A Brazilian-Angolan national, Valdomiro Minoru Dondo, is set to invest $500 million to help jump-start gold mining in northern Angola. This comes three years after Luanda started issuing new licenses to explore precious metals.

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Katoro Gold makes progress in Tanzania, SA

Katoro Gold recorded significant progress across its project portfolio during the six months ended June 30 despite the challenges brought about by the COVID-19 pandemic.

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Lunar Festival Seals China’s Comeback

24 march 2021

(diamonds.net) - The Chinese New Year of 2020 could not have come at a worse time for the jewelry industry. The spread of the coronavirus across China — and beyond — was suddenly becoming a major threat to public health. Stores shut, and consumers canceled their travel plans. Retailers reported heavy sales slumps. Diamond suppliers, especially in India, feared their Far East clients would miss payments. Hong Kong, which relies on tourist business, suffered an almost instant hit as visitors stayed away, and has still not recovered. But the mainland, after tackling the virus early on and reopening its economy, has seen a rebound exceeding what many observers anticipated. With borders staying closed, domestic consumption has skyrocketed. The result was a far more positive lunar festival in 2021.