Frenchman jailed for five years in Brussels diamond heist

A Frenchman was sentenced Thursday in Belgium to five years in prison for his role in a spectacular $50 million diamond heist at Brussels airport in 2013. Smiling, Marc Bertoldi, 48, replied “thanks, goodbye” after the presiding judge told him he had one month to appeal his jail sentence and a 6,000 euros ($6,800) fine. … Read more

Gem Diamonds finally sells its failed Botswana mine

GEM diamonds

The miner has sold Ghaghoo for a fraction of what it cost to build as it fails yet again to diversify away from its Letšeng mine in Lesotho Gem Diamonds has sold its Ghaghoo operation for a fraction of what it cost to build what was Botswana’s first underground diamond mine, as it failed yet … Read more

De Beers Can Do More, Botswana Group Says

Keebine Botswana

A Botswana employers’ advocacy group has called out De Beers for failing to provide substantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry have unfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang Keebine, president of Business Botswana, said in a speech during the fifth regional High Level Consultative Conference (HLCC) in … Read more

HRD Antwerp opens new drop-off point in Hatton Garden

HRD Antwerp has expanded into the UK market with the opening of a new drop-off point in London’s jewellery quarter. According to the diamond certification firm, the supply if lab-grown diamonds is ever increasing, and this is resulting in jewellers unknowingly selling jewellery which features a mix of natural and man-made stones. To help combat … Read more