Grizzly Mining Ltd. Grizzly Emerald Auction Generates US$22.4 million
Lusaka, Zambia: 10th December 2024, Grizzly Mining Limited, one of the world’s largest producers of emeralds, is pleased to announce the results of its latest international emerald auction held in Dubai in November 2024....
NDC & Jos Alukkas Join Forces To Promote Natural Diamonds
The Natural Diamond Council (NDC) and jewellery retailer Jos Alukkas have announced a strategic partnership to elevate the natural diamond industry. This collaboration aims to enhance consumer awareness, promote transparency, and drive demand for...
Indian Farmer’s Diamond Sells for $111,000 at Auction
A stunning 19.22-carat diamond, discovered by a part-time miner in India’s Panna district, recently sold for an impressive $111,000 (Rs. 93,79,360) during a organized auction.
This exceptional gemstone was the highlight of an auction where...
Petra Sells Mothballed Mine to Stargems
Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration".
The loss-making deposit, which Petra bought from De Beers in 2007, has been on care and maintenance since November 2022.
Petra...
Gemfields Temporarily Suspends Kagem Mining Amid Strategic Restructuring
Gemfields Group Limited, a leading player in the colored gemstone sector, has initiated a series of cost-cutting measures to address pressing challenges affecting its operations and revenues.
The company reported that recent emerald and ruby...
De Beers Q1 Production Flat at 8.9m carats
De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American.
Production was up almost 10 per cent on...
Fishers’ Legal Bid to Halt Marine Diamond Mining
Fishers are mounting a legal challenge to marine diamond operations off South Africa's west coast.
They claim rights to mine in shallow sea and along an 85km coastal strip of land were granted and subsequently...
Alrosa Predicts Rising Diamond Prices Amid Supply Constraints
Alrosa, one of the world's largest diamond miners, has forecasted an uptick in diamond prices in the months ahead, driven by rising demand and slowing supply. Sergey Takhiyev, the company’s head of corporate finance,...
Related articles
LVMH Appoints Jean-Christophe Babin to Lead Watches Division
LVMH has announced the appointment of Jean-Christophe Babin as the new CEO of its prestigious watches division. Babin, a seasoned veteran in the watches...
Swarovski Reports Return to Profit and Surge in Lab-Grown Diamond Sales
Swarovski has made a strong comeback, returning to profitability after five years of setbacks. The Austrian luxury brand, known for its iconic crystals and...
Trump’s Tariffs: A Looming Crisis for India’s Diamond and Jewelry Exports
India is on high alert as the U.S. prepares to potentially raise tariffs, threatening to worsen the already fragile state of the country's diamond...
De Beers Unveils New Initiatives to Boost Natural Diamond Appeal in India
De Beers Group has introduced a fresh initiative in India aimed at promoting natural diamonds to a younger audience. The ‘Second Ear Piercing Ritual’...
Giva Unveils Its First Airport Jewelry Store at Chennai International Airport
Jewelry brand Giva has officially launched its first airport store at Chennai International Airport, Terminal 1 Departures, marking a significant step in its retail...