Gemfields Hit by Shock 15% Export Tax on Emeralds
Gemfields is reeling from the shock imposition of a 15 per cent export duty on the emeralds it mines in Zambia.
Archives: News
Gold Surge Pushes up Rolex Prices
Rolex has increased the cost of some watches by up to 8 per cent in response to surging gold prices.
Jennifer Lopez settles divorce with $5M green diamond ring from Ben Affleck
Jennifer Lopez settles divorce with $5M green diamond ring
ALROSA Predicts Rising Demand and Diamond Prices in 2025
The high demand for jewelry and a decline of up to 20% in global diamond mining volumes compared to levels recorded 5-6 years ago will drive the industry’s growth, according to Sergey Takhiev
De Beers sitting on largest diamond inventory since 2008, FT reports
De Beers has reportedly built up its largest stockpile of diamonds since the 2008 financial crisis, with an inventory valued now at roughly $2 billion, according the Financial Times.
Tiffany Buys Back Titanic Watch for Record $1.97m
Tiffany & Co paid a record $1.97m for a gold pocket watch it made in 1912, and which was gifted to the captain of a ship that rescued more than 700 passengers and crew from the Titanic.
Yellow Diamond Toi et Moi Fetches US $240,000
A “toi et moi” ring featuring a 3.61 carat fancy vivid yellow, internally flawless, pear-shaped diamond sold for $254,000 at the Phillips New York Jewels Auction.
Lucara names two largest diamonds found in 2024
Lucara Diamond has unveiled the names chosen of the two largest diamonds recovered this year at its prolific Karowe mine in Botswana.
Burgundy Sales “Bode Well for Recovering Diamond Market”
Burgundy Diamond Mines reported an increase in prices but a dip in revenue from its Ekati mine, in Canada, during Q4.
Botswana Diamonds uncovers new kimberlite targets using AI
Botswana Diamonds chairperson John Teeling comments that these discoveries, in a few short months, are a major step forward in mineral exploration.