When Vasana Ratanasunya first set her mind on making VVS & Co. Bangkok a go-to name for every lady looking to enrich their life with a piece of diamond jewellery, she knew she had to take the path less trodden by others in the market in order to achieve her goal. “There are lot of … Read more
New models in Harry Winston’s Ocean Biretrograde collection reaffirm the brand’s status as one of the world’s most important purveyors of diamonds. Before the Swatch Group acquired Harry Winston in 2013, it was owned by Dominion Diamond company, the joint venture partner in Canada’s first diamond mine, Ekati, which entitled the company to first pick … Read more
According to the official, synthetics will “compromise” the value of Botswana’s natural diamonds Mmetla Masire, permanent secretary at Botswana’s Ministry of Minerals, said in a Parliamentary Accounts Committee quoted by Rough & Polished that Botswana cannot engage in production and sale of synthetic diamonds as this will compromise “the value of our diamonds”. Credit: Debswana Masire said … Read more
Western Australia has reduced its diamond royalty rate by a significant 33.3 per cent, a move that has been welcomed by Gibb River Diamonds. The company’s lobbying has led to the reduction of the state diamond gross royalty rate from 7.5 per cent to 5 per cent. Gibb River stated that the royalty change was … Read more
Petra Diamonds (PDL.L) has agreed to sell its Botswanan exploration assets to Botswana Diamonds (BODP.L) for $300,000 and a 5% royalty on future revenue, the diamond miner, which is in the process of restructuring, said on Monday. The purchase price will be payable in two equal instalments on or before August 31, 2021 and August … Read more
Southstone Minerals Ltd. [SML-TSXV] provided a production and operational update for December 1, 2019, to February 28, 2020 (Q2 2020), and March 1 to May 31, 2020 (Q3 2020), on its project portfolio in South Africa. The Oena Project consists of one New Order Mining Lease located in the Northern Cape Province, South Africa. Oena … Read more
Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 … Read more
Live jewelry auctions are returning with the first one being held in Geneva by Sotheby’s on June 23 offering a diverse collection of statement diamonds, colored gems and historic jewels. Sotheby’s Part II Magnificent Jewels & Nobel Jewels – Geneva sale was originally scheduled for May but was postponed due to the novel coronavirus pandemic. The … Read more
The Diamond Producers’ Association (DPA), established only five years ago by a coalition of diamond miners including De Beers and Alrosa, has relaunched as the Natural Diamond Council. In addition to continuing to advertise natural diamonds as the DPA did previously, the council is also hoping to reach younger consumers by producing catchy editorial content … Read more
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually restart its idled Ekati mine in Canada’s Northwest Territories. The company, which owns and operates the iconic Ekati diamond mine and also has a 40% interest in … Read more