Russia’s major diamond mining firms including Alrosa have urged India to amend consumer laws on synthetic diamonds so that there is clarity on the quantity of synthetic diamonds entering the country and how they are being used. Industry executives said that around 5 million carats of synthetic diamonds are produced globally, and the volume is … Read more

Debmarine Namibia invests in custom diamond vessel

SS Najuma

The vessel, which has an expected total capital cost of US$468 million, will be the seventh in Debmarine’s fleet. It is expected to start production in 2022 with the capacity to add 500,000 carats of annual production, a 35% increase above current levels. De Beers CEO Bruce Cleaver said some of the highest quality diamonds … Read more