Surat Manufacturers Extend Summer Vacations
Manufacturers in Surat are reportedly extending their summer vacations as the recession hits and consumers in the US and Europe boycott Russian goods.
Slow demand is forcing many units to lay off staff, reduce working...
Petra Holds Back 75,000 carats amid Weak Demand
Petra reported sharp drops in both revenue and prices at its May tender, and said it held back parcels of over 75,000 carats because of weak demand.
The UK-based miner is currently operating only two...
Rare Blue Diamond Steals the Show at Sotheby’s Geneva Auction; Sets New Price Record...
Sotheby’s Geneva made headlines once again with its spectacular Magnificent Jewels and Noble Jewels auction, achieving its best performance in five years. The star of the show was the highly anticipated Bulgari Laguna Blu,...
India Renews Pressure to Return Koh-i-Noor
The Indian government will renew diplomatic efforts to have the Britain return the Koh-i-Noor diamond.
It follows the coronation of King Charles III earlier this month. Queen Camilla pointedly had the iconic 105.6-carat oval-cut Golconda...
Rio Tinto Celebrates 20th Anniversary Of Diavik Diamond Mine
Mining major Rio Tinto is marking the 20th anniversary of its Diavik diamond mine in Canada's Northwest Territories. The mine, which was discovered during a mineral prospecting rush in the 1990s, has since produced...
Gem Diamonds 13% Revenue Hike in Q1
Gem Diamonds announced a 13 per cent increase in Q1 rough sales from Letseng, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. It raised $36.7m.
The London-listed miner said it...
Record 108-ct Pink Diamond Recovered in Lesotho
Storm Mountain Diamonds (SMD) has recovered the biggest ever pink diamond by far from its Kao mine, in Lesotho.
The 108.39-carat Type IIa fancy intense pink stone is more than twice the weight of the...
De Beers Sells $540m as Demand Shows Signs of Recovery
De Beers yesterday reported $540m of rough sales during Cycle 3, boosted by "encouraging positive trends" in consumer demand, especially in China.
The provisional figure is 8.5 per cent higher than Cycle 2, but 4.5...
“Solid” Results at Gem Diamonds, Despite Ukraine War
Gem Diamonds delivered a "solid" set of results in 2022, despite increased costs as a result of Russia's invasion of Ukraine.
The UK-based miner saw revenue fall by just over six per cent to $188.9m...
How to Choose the Best Diamond Ring: A Comprehensive Buying Guide
A diamond ring is a timeless symbol of love, commitment, and elegance. Whether you are buying an engagement ring, wedding band, or diamond jewelry for yourself or a loved one, choosing the right diamond...
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