Star Diamond has completed a study into the abundance of Type IIa diamonds in parcels recovered from the Early Joli Fou geological units at the Orion North (K120, K147 and K148) and Taurus kimberlites (K118, K122 and K150). The pipes are located within the Fort a la Corne diamond district of central Saskatchewan, including the … Read more
A record blue diamond co-owned by De Beers far outstripped its presale estimate in a stand-alone sale at Sotheby’s in Hong Kong, garnering HKD 450.9 million ($57.5 million), the auction house said Wednesday. The step-cut, 15.10-carat, fancy-vivid-blue, internally flawless stone, called the De Beers Cullinan Blue, is the largest of its color to appear at … Read more
De Beers is to start diamond exploration in Angola later this year after signing two mineral investment contracts with the Angolan government but the secretive group is giving little away on the details of the agreements. De Beers announced today that the two licences covering prospects in the north-east of the country are for the … Read more
Exports of rough diamonds from Russia’s state-owned Alrosa mines have resumed to India, although tensions remain high over such consignments. Many Western nations are seeking to shut down Russia’s diamond trade with India by calling Russian diamonds conflict diamonds, or blood diamonds. Critics such as Cristina Villegas, director of the Mines to Markets program at … Read more
Analysts expect that the June meeting of the global diamond industry scheduled for Gaborone will not result in a broad sanctioning of the precious stones produced in Russia. Still, that has not stopped the United States from pushing harder, writes Staff Writer, MBONGENI MGUNIWhen the world’s diamond producers, their biggest customers, civil society groups monitoring … Read more
Alrosa, the world’s top diamond producer by output, has been hit by fresh sanctions imposed by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The OFAC announced late on Thursday it had placed Alrosa on the Specially Designated Nationals (SDN) list, which effectively kicks a sanctioned company out of the US … Read more
Major jewellers are ditching Russian diamonds after facing increased scrutiny over how Russia’s state-controlled diamond monopoly could fund Putin’s war on Ukraine. A host of high-profile international jewellers, including American brand Tiffany & Co, Swiss watch and jewellery-maker Chopard, Signet, the largest retailer of diamond jewellery, and Pandora, the world’s largest jeweller, have released statements … Read more
De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the Covid-19 pandemic forced them to be held in cities including Antwerp and Dubai. The Anglo American subsidiary had moved its pre-sale viewings – a marketing exercise to showcase its new batch of diamonds – … Read more
A California woman visiting the Crater of Diamonds State Park in Arkansas found a 4.38 carat yellow diamond after less than an hour of searching. Arkansas State Parks said Noreen Wredberg of Granite Bay was visiting the park with her husband on Thursday and had been looking for gems in an open field for about … Read more
South Africa’s Petra Diamonds is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half of 2021. Delivering its year-end results, Petra said that Williamson had been classified as a discontinued operation, which will mean an accounting loss of $52.1 million for … Read more