Inaugural Kruger Diamond Traders Tender in Dubai welcomes high-ranking DMCC officials

Kruger Diamond Traders DMCC inaugurated its first tender on 24th September 2022. The tender has received an overwhelming response from several clients based across all geographies. Over 45,000 carats are being currently offered for viewings that end...

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Christie's presents 'The Fortune Pink' at auction - Geneva, 8 November 2022

Christie’s has announced The Fortune Pink (estimate: US$ 25,000,000-35,000,000), an 18.18 carat pear-shaped fancy vivid pink diamond which will lead the Geneva Magnificent Jewels sale on 8 November 2022, as part of Christie’s Luxury Week.

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Osino acquires minority interests in Namibia gold project

Osino Resources has completed acquisitions of two remaining minority interests in the mineral properties comprising the Twin Hills gold project, in Namibia.

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Nungu Diamonds faces liquidation

South Africa’s Nungu Diamonds is facing possible liquidation after a breach of the credit agreement of R1.6 million it had with financers Anglo American Zimele, according to local media reports.

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Glencore mulls loans to boost output at Zambia's Mopani copper mine – report

Global miner Glencore has proposed a $200-million loan to defray for running costs of Mopani Copper Mines, which is owned by Zambia's State-owned mining company ZCCM-IH. Under the proposal, ZCCM-IH is also expected to contribute to the loan.

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Russia’s Secret Gem Sales Are Dividing the Diamond World

19 september 2022

(bloomberg.com) - The secretive sale of Russian diamonds, worth hundreds of millions of dollars every month, is fracturing the global trade that stretches from cutting factories in Mumbai to luxury stores on New York’s Fifth Avenue. Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa PJSC was hit with US sanctions. But there’s a handful of Indian and Belgian buyers who are snapping up large volumes at lucrative terms, getting to pick and choose the diamonds they need while others stay away. The deals are happening quietly, even for the famously secretive diamond world.