Petra Diamonds today reported a 20 per cent dip in sales for the first half of fiscal 2023 and a net loss of $17.6m. The London-based miner made a profit of $49.1m during the same period in 2022. Earlier this month it said it was open to merger and acquisition offers. It blamed the decrease […]

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UNI Diamonds, a diamond-focused fintech company run by former De Beers exec Mahiar Borhanjoo, reached an agreement with the Gemological Institute of America (GIA) to integrate GIA Diamond Origin Reports into all of the UNI diamond platforms. Key information about the provenance of diamonds carrying such reports, including images of the rough stones from which […]

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The Times of India (ToI) reported that India’s diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of Surat and Mumbai between January and July this year has […]

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“The collection of large coloured stones — all cut by our company — which we brought to Hong Kong, was the biggest in ALROSA’s history. We sold the lots for well above their starting prices and consider the auction results to be very positive,” said Pavel Vinikhin, Director of the Diamonds ALROSA, the company’s diamond […]

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The Annual Global Summary report of the trade in rough diamonds in 2017 released last week by the Kimberley Process Certification Scheme (KPCS) reconfirmed Russia’s position as the world’s largest producer country of rough diamonds both in terms of volume and value. India, the largest manufacturing center, understandably retained its position as the largest importer […]

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Bangkok–Thailand’s Ministry of Commerce has set the dates for its 62nd Bangkok Gems and Jewelry Fair. The trade show, run through the ministry’s Department of International Trade Promotion, is slated to run from Friday, Sept. 7 to Tuesday, Sept. 11. The September edition will feature 900 companies in more than 2,000 booths from exhibitors both […]

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Moscow–Alrosa announced the recovery of another large, fancy-colored diamond, this one the largest it has dug up this year. The 34.17-carat rough yellow diamond was discovered by Alrosa affiliate Almazy Anabara, known for its high quantity of fancy colored finds. 20171020 Alrosa yellow insert “The company’s specialists are still to study the stone more in […]

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