Anglo American, De Beers’ parent company, has reduced the miner’s book value by $2.88 billion amid weak diamond demand. Meanwhile, De Beers’ rough-price index, which reflects like-for-like values, ...
Mining operations have restarted at the Lulo mine in Angola following the peaceful resolution of a blockade by local community leaders. Lucapa Diamond Company, which holds a 40% interest in the mine, ...
The US subsidiary of Brink’s has agreed to pay $42 million over three years as part of agreements with two government entities to resolve money-laundering investigations. The DOJ agreement settles ...
Zambia has repealed the 15% export duty on all previous gemstones and metals it reintroduced without warning only last month, amid uproar from the industry. The levy, which had not been in effect ...
After nearly five years at the helm of De Beers’ jewelry business, Céline Assimon will leave the company at the end of the month. Assimon left Swiss luxury jeweler De Grisogono to join the miner as ...
Rio Tinto’s diamond business incurred a loss in 2024 as the global market slowdown hit the mining conglomerate. Revenue fell 37% to $279 million for the 12 months, leading to an underlying loss of ...
Kirit Bhansali will become chair of the Gem & Jewellery Export Promotion Council (GJEPC), where he intends to advance his vision of transformative growth for India’s diamond industry. Bhansali — who ...
De Beers and the Botswana government have concluded their negotiations over a new sales agreement for rough diamonds after more than five years of discussions. They haven’t signed yet: Bogolo ...
Lucara Diamond Corp. has garnered $54 million from the sale of a 549-carat rough diamond, as well as another weighing 1,080.1 carats. “The sale of these two extraordinary diamonds further validates ...
Importers will not need to submit proof of a diamond’s country of mining when registering shipments to the US but should keep the right documentation for inspection, according to guidance the Jewelers ...
Namdia Desert Diamonds has suspended its CEO, chief operations officer and head of security following an armed heist that left one employee dead and saw nearly $20 million in diamonds stolen. The move ...
“You’re going to have a very hard time marketing purely through tradition,” were the first words I heard when I spoke to Dave Marcotte about what the natural-diamond industry needs to do to appeal to ...