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  • Monday 24 September, 2012 Archduke Joseph Diamond for sale.
  • Friday 21 September, 2012 Diamond bourse sets up in Botswana
  • Friday 14 September, 2012 Indian Diamond Dealers Diverted $5.4 Billion Bank Funds To Real Estate

Archduke Joseph Diamond for sale.

Archduke Joseph Diamond

Archduke Joseph Diamond will be offered at auction in Geneva in November 2012.

One of the most famous diamonds in the world, the impressive 76.02 carat. D colour, internally flawless diamond. Traces its origin is to Golconda mines in India where some of the best diamond crystals are found.

The Diamond is expected to fetch well over $15 million when it hits the auction block.

Monday 24 September, 2012

Diamond bourse sets up in Botswana

Botswana Diamond Bourse

Botswana now boasts diamond production, cutting and polishing, jewellery manufacturing and finally rough diamond trade.



The bourse will provide a platform for producers, brokers, valuers and traders, with new tenants having already taken up residence in the building,  adding to the diamond industry chain.

This will make Botswana a vibrant market for diamonds. It is expected that government will market its allocation of Debswana production through the new bourse.

The DTP is a private initiative funded by Safdico, a Diamond Trading Company.
 

Friday 21 September, 2012

Indian Diamond Dealers Diverted $5.4 Billion Bank Funds To Real Estate

The Indian diamond industry’s liquidity crisis – said to be the worst in 50 years – is claimed to be self made as big and medium diamond firms have diverted $5.4 billion in bank finance for diamond operations into real estate, according to a report published in The Times of India.

 

Some diamond firms reportedly used finance obtained from several high-street lenders to dress up past losses on their books.

With real estate prices now falling, these firms are now caught in a crunch. The situation is compounded by speculative buying of rough diamonds over the past two years. Rough diamond prices also declining.

Friday 14 September, 2012

latest news

Monday 12 June, 2017

GEM DIAMONDS FINDS TWO LARGE ROCKS AT FLAGSHIP MINE IN LESOTHO

Africa focused Gem Diamonds has discovered two diamonds bigger than 100 carats at its Letšeng mine in Lesotho, which should help the company boost revenue and investors confidence.

Tuesday 6 June, 2017

KIMBERLEY DIAMONDS CLOSES ITS LAST MINE

Controversial Australia-based miner Kimberley Diamonds has put its last remaining diamond mine into administration after it failed to secure fresh funding.

Monday 5 June, 2017

DE BEERS GOES TO COURT OVER SOUTH AFRICA EXPORT LEVY

De Beers Consolidated Mines (DBCM) is reportedly appealing to the Pretoria High Court in South Africa to set aside a decision by the South African Minister of Minerals Mosebenzi Zwane requiring DBCM to pay a levy on diamonds exported from South Africa to Botswana for the purpose of aggregation.

Thursday 18 May, 2017

DE BEERS TAPS INTO POLISHED DIAMONDS MARKET WITH FIRST-TIME AUCTION

Anglo American’s De Beers, the world’s largest rough diamond producer by value, has decided to begin selling its own polished diamonds in auctions for the first time in its history.

Wednesday 17 May, 2017

SOTHEBY'S SELLS THE APOLLO AND ARTEMIS DIAMONDS FOR £44.9 MILLION

Wednesday 10 May, 2017

US WOBBLE TAKES SHINE OFF PANDORA SALES

Pandora reported strong growth in the first quarter, but US store closures and sluggish mall traffic dented its performance stateside.

Sunday 7 May, 2017

IMPORTANT ADVICE ON HOW TO SELL YOUR DIAMONDS

If you are you considering selling your diamond, but feel as though you have no idea how or where to begin with the process?