News
A New Diamond Narrative for Sierra Leone
8+ hour, 23+ min ago (155+ words) < BACK TO MAGAZINE The most heartbreaking was the continued poverty that you see, and the desperate need of diamond dealers to have the narrative changed so that consumers and manufacturers appreciate Sierra Leone diamonds for what they are " magnificent rough…...
This Ethically Sourced De Beers Collection Is Making Waves in the Supply Chain
8+ hour, 22+ min ago (564+ words) < BACK TO MAGAZINE The Echo suite " which singer Lily Allen wore to spectacular effect on stage during the flagship opening party " captures the transformative power of water, reflecting the journey of the'diamonds themselves'from rough treasure to polished stones. Fittingly, the'Gem…...
De Beers and Botswana Appoint Diamonds for Development Fund Chair
11+ hour, 36+ min ago (154+ words) De Beers and the government of Botswana have named Akinwumi Adesina'as the chair of the Diamonds for Development Fund. In his new role, Adesina will oversee the fund's efforts to support Botswana's long-term economic goals. The miner and the African…...
Petra to Close Finsch Mine, Lay Off More Workers
1+ day, 13+ hour ago (357+ words) Petra Diamonds will shutter its Finsch mine and dismiss a number of employees to tighten its spending and focus on the higher-value Cullinan deposit amid the prolonged industry downturn. "We are faced with an unprecedentedly weak diamond market, due to…...
Angola to Reduce Supply of Small Diamonds
1+ day, 16+ hour ago (596+ words) You can accept all cookies, configure them orcontinue only with the required cookies. Angola will limit output of small rough in the coming months, aiming to avoid flooding the market, state-owned diamond miner Endiama has said. Angola is the world's…...
Cooperation Among Producing Countries Vital to Natural-Diamond Future " WFDB
6+ day, 18+ hour ago (207+ words) The World Federation of Diamond Bourses (WFDB) formalized Botswana and Angola as nation affiliated members at a recent summit in Gaborone to discuss the future of the natural-diamond industry. The formalization is a "historic and highly meaningful step" for the…...
South African Trade Groups Merge to Form New Diamond Association
4+ week, 1+ day ago (155+ words) You can accept all cookies, configure them orcontinue only with the required cookies. Two key South African industry organizations have amalgamated to create a new umbrella group that will promote the trade's interests in the country. On April 29, the group…...
Mountain Province Sells Rights to $1 M of Future Diamond Revenue
4+ week, 1+ day ago (212+ words) Mountain Province has sold its right, title and interest to $999, 999 of future diamond receivables to its majority shareholder in exchange for cash up-front to run its business. The company, which owns 49% of the Gahcho Ku" mine in Canada, has been…...
Ekati Diamond Mine Owner Files for Creditor Protection
4+ week, 1+ day ago (189+ words) Burgundy Diamond Mines" subsidiary has filed for insolvency protection as a means of working with creditors, despite receiving nearly $130 million in loans over the past few months. The Supreme Court of British Columbia granted Arctic Canadian Diamond Company (ACDC) the…...
Lucara Secures $350 M to Continue Karowe Underground
2+ mon, 1+ day ago (217+ words) The Rapaport Group is an international network of companies providing added-value services that support the development of ethical, transparent, competitive, and efficient diamond and jewelry markets. The largest online marketplace for diamonds, gems & jewelry. The international benchmark for diamond prices....