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

Producing diamonds in a lab is becoming a sustainable alternative to mining

09 june 2021
(runnermag.ca) - Synthetic diamonds are paving the way for a greener and more ethical jewelry industry. Scrolling through Instagram these past couple of days, I have been seeing lots of people I know getting engaged — couples excited for their future posting pictures of their rings with large diamonds. When I saw the rings, it made me think of where the diamonds came from and the process involved. Pandora, the jewelry company, announced earlier this month that their company is switching to selling lab-produced diamonds. More companies such as De Beers are slowly making the switch to lab-produced diamonds because they are less environmentally harmful and don’t contribute to industries that export blood diamonds, which are diamonds mined in war zones which are sold to fund armed conflicts. Even Signet Jewelers, the world’s largest retailer of diamond jewelry, is expanding its line of lab-produced products.