“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...


Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

18 january 2021

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

Anjin ‘grabs most lucrative diamond claim’ in Marange – report


Anjin Investments has allegedly taken control of the most lucrative diamond claim in Marange from the state-owned Zimbabwe Consolidated Diamond Company (ZCDC). Anjin is a joint venture between China’s Anhui Foreign Economic Construction Company (AFECC) and Matt Bronze, an investment vehicle controlled by Zimbabwe’s military.

Geneva court finds Israeli tycoon Steinmetz guilty sentencing to 5 years in jail


Israeli mining tycoon Beny Steinmetz was found guilty of bribing Guinea officials close to former president Lansana Conte, to give him access to an iron-ore mine for a mere US$200m, now valued at US$5bnb, a Geneva judge ruled, sentencing Steinmetz to five years in jail and a US$56.6 million fine.

Geological exploration going on at Luaxe in Angola


Guided by Decree 192-A / 20 issued by the President of Angola on 23 July 2020, the local executive authorities gave their permission to go on with exploration work at the Luaxe Diamond Field to increase government revenues, create jobs and promote national development.

Diamond industry, prices continue to strengthen – Lucapa


Lucapa Diamond, which mines in Angola and Lesotho, says the consumption and strong demand that saw the diamond industry begin its recovery in the third quarter of 2020 and during the festive period, has continued into 2021.

Botswana Diamonds raises £363k to fund exploration activities


Botswana Diamonds arranged a placing with existing and new investors to raise £363,000 through the issue of 60,5 million new ordinary shares for 0.6p each.

The diamond jewelry is the most highly desired luxury good


Natural Diamond Council conducted broad diamond desirability research in the final quarter of 2020 among 5,000 respondents between the ages of 18 – 39. The analysis shows diamond jewelry leading as the most highly desired, and tangible luxury good.

Rio Tinto’s diamond production down 14% in 2020

22 january 2021

Rio Tinto’s annual diamond production dipped 14% to 14.7 mn carats for the year 2020, according to the miner. The output at Argyle, fully owned by Rio Tinto, dropped 16% to 10.9 mn carats as the mining company prepared for its shutdown.

In 2020, ALROSA’s diamond production reached 30 million carats, revenue - $ 2 802 million

22 january 2021

ALROSA's statement regarding its Q4 and 12M 2020 operating results released on Thursday said that the company’s diamond production in Q4 2020 reached 7.1 million carats, while sales went up to 17 million carats compared with the previous quarter. For 12 months of 2020, diamond production amounted to 30 million carats, sales - 32.1 million carats.

Petra unearths 299 ct diamond at Cullinan mine

22 january 2021

Petra Diamonds has produced a 299 carat Type IIa white gem-quality diamond at its Cullinan mine in South Africa. It said the diamond was recovered this month and it is expected to be sold during the company's next tender in February.

Richemont announces trading update for 3Q 2020

22 january 2021

Richemont SA announced trading update for the third quarter ended 31 December 2020. Sales in the quarter increased by 1% at actual exchange rates and by 5% at constant exchange rates compared to the prior year period, in a continuously volatile environment.

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