US “Blocks $26m of India Diamond Payments to Russia”
The US has reportedly blocked $26m of payments made by Indian businesses attempting to buy rough diamonds from Russia.
OFAC, the Office of Foreign Assets Control, is said to have instructed banks in recent months...
SEC Charges Crypto Boss over $4.3m Black Diamond
Crypto boss Richard Heart has been accused of defrauding investors to buy The Enigma, the world's largest black natural color diamond - a 555.55-ct carbonado - for $4.3m.
The SEC (Securities and Exchange Commission) in...
De Beers Deal will make Botswana “Global Capital of Diamonds”
Botswana's President Mokgweetsi Masisi says the new De Beers deal will make his country "truly the global capital of diamonds for the first time".
In an interview with Bloomberg TV he welcomed the sales and...
Polished Prices in China Stable, Despite Rough Collapse
The retail price of polished diamonds in China has remained stable over the last six months, despite a collapse in the rough market.
That's according to an informal survey of salespeople at major jewelry stores...
Israel’s Rough Diamond Trade Halved by Slowdown
Israel's trade in rough diamonds has halved during the first half of this year, according to new government figures.
Net imports were down 45 per cent compared with H1 2022 to $555m and net exports...
Thousands of Tonnes of Diamonds Rain Down on Saturn
Thousand of tonnes of diamonds are literally raining down on Saturn and Jupiter, say scientists.
They believe frequent lightning strikes turn methane around the two planets into soot — carbon — which hardens as it...
Diamond Industry Leaders Discuss Ways To Foster Economic Growth At B20 Summit In Surat
The Business 20 (B20) Surat Meet, the official G20 dialogue forum with the global business community, took place in Surat, India on 1st July, 2023. The event was organised by the Confederation of Indian...
Botswana’s Diamond Share to Double in New De Beers Agreement
The Botswana government is to see its share of De Beers diamonds double from 25 per cent to 50 per cent over the next 10 years, after both sides reached a last-minute agreement on...
Petra Forecasts Production Increase After 2023 Dip
Petra Diamonds says it expects production to fall this year, as it closes the loss-making Koffiefontein mine, in South Africa, and works towards re-opening the Williamson mine, in Tanzania, after the breach of a...
29.5-ct Protea Pink Alluvial Diamond to be Sold
A "once in a lifetime" 29.52-carat pink diamond, recovered from the banks of the middle Orange River, in South Africa, is being sold tomorrow (30 June).
The Type II rough diamond, said to have an...
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