Botswana’s state-owned diamond marketing company will increase its borrowing to fund additional rough purchases. Finance Minister Peggy Serame said last Thursday (29 August) that the government had arranged a $300m credit facility, with the Standard Chartered Bank for the Okavango Diamond Company (ODC). It hopes to capitalize on a long-awaited recovery the global diamond market. … Read more
Kodak never saw it coming either. Since early 2022, the price of polished natural diamonds has fallen approximately 40% and the industry is being buffeted by negative economic headwinds, an excess of mine supply and too much stock in the cutting centres. However, there is one statistic that cannot be ignored: around 50% of Diamond … Read more
Gem Diamonds has now recovered twice as many +100-cts diamond this year than during the whole of 2023.
The US has added the prominent jewelry brand Miuz and the diamond cutter Kristall to its list of sanctioned companies in Russia.
the next phase of G7 diamond sanctions will impose restrictions on all goods of 0.50 carats or above from Russia
Assessing the value of a diamond is a job that’s been done by eye for centuries.
LUCARA RECOVERS EPIC 2,492 CARAT DIAMOND FROM THE KAROWE MINE
Namibia is one of Africa’s top five diamond exporters, right behind Angola, Botswana, and South Africa.
Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding
Diamond producer Lucara Diamond Corp sold 76 387 ct of diamonds, generating $41.3-million in revenue, during the second quarter ended June 30.