Botswana’s Economic Outlook Now Negative, says S&P
Botswana’s economic outlook has been downgraded from stable to negative by S&P Global Ratings (S&P) on account of low demand for diamonds.
ALROSA
New Diamond Verification Device Introduced Natural Vs. Lab Grown Diamonds
New Diamond Verification Device Introduced Natural Vs. Lab Grown Diamonds
High-Value Recoveries Drive up Gem Revenue
Gem Diamonds saw revenue and profits increase in FY2024, as high-value recoveries more than made up for persistent downward pressure of the diamond market.
World’s Biggest Pearl on Display in Toronto
World’s Biggest Pearl on Display in Toronto
Alrosa set to Sell More Rough to Government
Alrosa set to Sell More Rough
Elizabeth Taylor’s Jewelry Highlights to be Auctioned
Jewelry from the collection of screen icon Elizabeth Taylor are to be sold at a Beverly Hills auction.
Environmental Backlash over Diamond Foundry Factory
Diamond Foundry, which has just opened a lab grown factory in Trujillo, western Spain, is facing an environmental backlash over claims it uses more water than the entire 8,500-population town where it is located.
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American’s troubled ownership of the De Beers group was brought into fresh focus on Thursday as the mining company announced a fresh multibillion-dollar write-down of the diamond group it’s trying to restructure.
Duffy resigns as Petra CEO, interim revenue knocked by market weakness
Independent mining group Petra Diamonds, which owns and operates diamond mines in South Africa
Botswana’s central bank left its main lending rate
The Bank of Botswana held its Monetary Policy Rate at 1.90% for the second policy meeting in a row. The rate is based on a seven-day instrument.