The Gemological Institute of America (GIA) has launched a new laboratory in the Dubai Multi Commodities Centre (DMCC). The location opened on February 19, the GIA said Tuesday. The lab will provide services only for clients operating in Dubai’s free trade zones and will be unable to accept submissions from other areas in the emirate, … Read more
Lucara Diamond has revived a gem sales agreement with polishing and trading company HB Antwerp, it said on Monday, five months after severing ties with the Belgian business. Canadian miner Lucara said it will supply HB Antwerp with rough diamonds of 10.8 carats and above for 10 years from last December. Lucara had terminated its … Read more
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 113 carat white Type II diamond, recovered at the Letšeng mine in Lesotho on 17 February 2024. A piece of white rock next to a magnifying glass Description automatically generated Together with the 295 carat high quality Type II white … Read more
Human-made diamonds come with an appealing claim: Manufacturers say the stones are produced ethically using renewable energy. But many of the products do not meet that claim or their producers do not confirm the electricity sources they use. And, laboratory diamonds require a lot of electricity to produce. In the United States, lab-grown diamond sales … Read more
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Geologists from ETH Zurich and the University of Melbourne have established a link between diamond occurrence and the mineral olivine. In a paper published in the journal Nature Communications, the scientists explain that their method will simplify the detection of diamond deposits. The process relies on the chemical composition of kimberlites, which occur only on … Read more
Botswana has designated BWP 890 million ($65 million) from its new fiscal 2024-2025 budget for the purchase of a 24% stake in Belgian manufacturer HB Antwerp. The deal, which it first announced in March, calls for the African country to supply rough from state-owned Okavango Diamond Company (ODC) to HB Botswana for five years. The … Read more
De Beers’ prices fell last year as a prolonged oversupply in the midstream and economic challenges weighed on demand.