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...


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.


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...


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...


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.


Opening Up About Lab-Grown

25 june 2021

( - Two philosophies have emerged regarding how the lab-grown market will develop. The first sees synthetics in the same space as natural stones, graded according to carat size, cut, color and clarity, and priced at a discount to the equivalent natural diamond. That is how the market has evolved organically. The second ideology is the one De Beers has touted in releasing its Lightbox line. It recognizes that synthetics have their place in the market, but maintains that they are inherently different from natural diamonds. Those taking this view say lab-grown products should be assessed via quality assurance rather than grading, and priced at a markup to what it costs to make them, disregarding the 4Cs. The heart of the debate revolves around what a diamond is and what gives it value. The answers to those questions call for different selling propositions. Are synthetics simply a price-point product? Or are there branding opportunities that transcend price?