Emerald Miner Reports Record Sales
Grizzly Mining says its latest emerald auction raised $48.63m, a record high since the company was founded in 1997.
The market for emeralds remains "extremely strong", it said, after a sealed-bid auction for its mid-high...
De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion
Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream.
The company’s total revenue for the...
Alrosa CEO Pavel Marinychev Named In Latest U.S. Sanctions
In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond...
De Beers: After Botswana Deal, Namibia Could Seek Bigger Share
The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana.
Namdia, the state-owned diamond company...
Sanctioned Alrosa Expects to Pay Shareholders Dividend
Alrosa says it expects to pay shareholders a dividend for the first half of 2023, as long as the diamond market remains stable.
It marks a change in fortunes for the Russian state-controlled miner, which...
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...
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Lily Dazzles in New Natural Diamond Ads
British actress Lily James is again promoting the beauty of natural diamonds in a new global ad campaign.
She features in the second instalment of...
India Welcomes Alrosa’s Suspension of Rough Sales
Alrosa's suspension of rough sale has been welcomed by India's GJEPC (Gem and Jewellery Export Promotion Council) as a positive move to combat overstocking.
Russia's...
CIBJO Report: Climate Crisis Impacts Shallow-Water Reef Corals, Not Precious Varieties
As the world jewellery industry converges on the 2023 CIBJO Congress in Jaipur, India, slated to open its doors on 3rd October 2023, the...
Plenty of Room for Growth in China, says De Beers
Long-term demand for diamonds will increase in China, says De Beers, despite a slow recovery from Covid lockdowns and a decade of declining marriage...
Vaibhav Jewellers Files IPO, Unveils Robust Expansion Plan
Manoj Vaibhav Gems ‘N’ Jewellers, better known as Vaibhav Jewellers, a leading regional jewellery brand in South India, has filed for an initial public...