Bank Seizes Assets of Exelco, Report Says
On June 22, KBC Bank seized assets from Exelco, a former sightholder owned by a member of the storied Tolkowsky family, according to a report in Bloomberg.
KBC, former owner of now-shuttered Antwerp Diamond Bank,...
Diamond Production at Lulo Up 63% at 4,203 Carats for June 2017 Quarter
Lucapa Diamond Company Limited said that diamond production for the June Quarter (Q2 2017) at its Lulo Diamond Project in Angola touched 4,203 carats, marking an increase of 63% y-o-y. This figure...
De Beers Invites Researchers to Submit Papers for Presentation at Conference in Jo’Berg
The De Beers Group has invited researchers to submit their papers which will be presented at the 8th Annual Oppenheimer De Beers Group Research Conference scheduled to be held in Johannesburg, South...
Firms behind coloured diamonds scam shut down
An Insolvency Service investigation has led to two companies involved in the valuation and selling of fancy coloured diamonds being shut down.
IGL Labs UK Limited (IGL) and Diffraction Diamonds DMCC (Diffraction) have both been...
ALROSA to “Adjust” Development Strategy; Ivanov Says No “Fundamental” Changes Expected
ALROSA President Sergey Ivanov while outlining the key decision of the Company’s Annual General Meeting of Shareholders, “to adjust the (Company’s) development strategy”, reassured stakeholders that “no fundamental changes are expected”. A press release...
GIA Reports First Ever Observation of H4 Defect in CVD Synthetic Diamond
The GIA has recently come across what it says is the first ever observation of a H4 defect in a CVD synthetic diamond. The stone was submitted to its Carlsbad laboratory for a synthetic...
Crown of Light Passes $100 Million in Annual Sales
The Crown of Light, the branded diamond sold exclusively in stores managed by Diamonds International, surpassed $100 million in annual sales last year, the company announced.
“It’s a big milestone for us,” says Diamonds International’s...
Merlin Prepares for Exploration Drilling; Hopes to Identify New Kimberlites
Merlin Diamonds has announced that it is gearing up to conduct a drilling programme for exploration purposes.
The 3,500-metre drilling programme on the Merlin Mine Lease located in the Northern Territory in Australia, will commence...
ALROSA to Pay RUB 65.8 Billion as 2016 Dividend
At the Annual General Meeting of PJSC ALROSA, shareholders approved the resolution for payment of RUB 65.769 billion as the annual dividend for 2016, which amounts to RUB 8.93 per ordinary share of 50...
Design graduates’ fears soar over Brexit and costs of London living
Graduates are planning to avoid the capital and are feeling uncertain about a post-Brexit future according to a new study from New Designer.
The survey of the best design graduates from across the UK, exhibiting...
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