Botswana Diamonds completes nine-hole drilling on Thorny River

Botswana Diamonds has completed its nine-hole drilling programme on the Thorny River property in South Africa. It said the objective of the hole drilling was to see if two kimberlite blows were one contiguous orebody, thus increasing the overall resource...

Today

Lifeline for small-scale chrome miners in Zim

Zimbabwe Zhongxin Smelting Company, a joint venture between a Chinese firm and the Zimbabwe Defence Forces, is constructing a $60 million smelting plant in Masvingo.

Today

Out of the deep blue: Buyers at Christie’s will have a chance to bid for Rolex Experimental Deep Sea Special N°1

Developed as a prototype for perfecting the Rolex diving watch concept, this Rolex Deep Sea Special N°1 was attached to the hull of Auguste Piccard’s bathyscaphe Trieste for the inaugural deep-sea trial to a depth of 3,150 meters in the Mediterranean...

Yesterday

Lucara unveils 1,175-ct rough diamond in New York – report

Lucara Diamond and manufacturer HB Antwerp unveiled a 1,175-carat diamond in New York City in a bid to attract investors. Reuters reports that the stone recovered at the Karowe mine, in Botswana last June would be on display for a week at the Whitby...

Yesterday

Asset-backed cryptocurrency gains momentum in China

Diamonds have not been a favourite with Chinese investors in the past because they tend to lose their resale value. But thanks to the emergence of cryptocurrency, this attitude towards diamonds as an unviable investment vehicle has changed.

Yesterday

How to solve the diamond industry’s great rift?

21 march 2021

(professionaljeweller.com) - As the diamond industry begins to get back on its feet and look to a post-pandemic world, an internal issue is on the agenda that is threatening to boil over and requires urgent attention. In the 1980s and 1990s it was plagued by the bad press that came with the conflict or blood diamond furore. Large strides had been made by the end of the century, with the estimated portion of the market that conflict stones accounted for reduced from over 20% to a reported 1% in 2004. Despite this success, the industry has never completely shaken off the reputation it gained during these years. Growing consumer demand for provably responsible business practices in recent years has seen the spotlight once more fall on providers of diamonds and diamond jewellery.