Anglo American writes down value of diamond firm De Beers by $2.9bn
The world’s biggest diamond miner, De Beers, cost its parent company almost $3bn last year as the[…]
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[…]
40% harder Than natural diamonds: Chinese scientists synthesize ‘super diamond’
Chinese scientists synthesized an artificial "super diamond" that is 40% harder and far more durable than natural[…]
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[…]
Average US Engagement Ring Costs $6,750
And the average size of the stone was 1.07 carats, according to a new report by the[…]
Lab-Grown Diamonds: A Game Changer in the Diamond Industry
The diamond industry is undergoing a seismic shift, driven by the rising popularity of lab-grown diamonds.
Botswana Forecasts 2025 Diamond Recovery
Botswana's government is forecasting a recovery in the diamond market later this year, and a consequent expansion[…]
De Beers Adapts to India’s Growing Demand for Lab-Grown Diamonds
De Beers, long associated with the glamour of natural diamonds
US Diamond Importers Must Declare Country of Origin
Diamond Importers have been required, since last March, to certify that their goods are not Russian, but[…]