ALROSA reports its May 2021 diamond sales results

ALROSA reported preliminary rough and polished sales results for May 2021. ALROSA sales of rough and polished diamonds in May totaled $365 million, including proceeds from rough diamond sales of $346 million, and polished diamond sales of $19 million...

11 june 2021

Botswana Diamonds’ Thorny River discovery advances towards resource assessment

The AIM and BSE listed diamond explorer, Botswana Diamonds says it has advanced towards resource assessment at its Thorny River diamond project, in South Africa.

11 june 2021

Chow Tai Fook’s profit up by 107% in FY2021

Chow Tai Fook Jewellery Group’s annual results for the fiscal year 2021 showed the company’s profit grew by 107.7 per cent to $775.83 mn. This was a considerable improvement from a loss of 36.6 per cent in FY2020.

11 june 2021

World’s first regulator-approved diamond coin launched

New diamond coin is pitching itself as an alternative commodity for investors to purchase instead of gold bullion. International Gemological Institute (IGI), which provides grading for gems and jewellery grading, has joined hand with Diamond...

11 june 2021

Namibia blocks Namdia proposal to appoint a diamond evaluator

Namibia’s mines ministry has blocked the state-owned Namib Desert Diamonds (Namdia) chief executive Kennedy Hamutenya’s proposal to appoint his sales manager to replace C-Sixty Investment as the company’s diamond valuator.

10 june 2021

Bernard Arnault Is Now the World’s Richest Person. Thanks China?

08 june 2021

( - What Happened: Move over, Jeff Bezos; there’s a bigger billionaire in town. On May 24, Forbes named fashion tycoon Bernard Arnault the world’s richest person with an estimated net worth of $186.3 billion, beating out the Amazon founder by $300 million. Tied over the weekend, the chief executive of LVMH saw his personal stake jump more than $600 million after the group’s stock rose 0.4 percent on Monday morning. This, plus strong comebacks from star brands Louis Vuitton and Dior, helped Arnault’s fortune surge over $110 billion since March 2020.