Archives: News
Lest We Forget
On 11 November 1918, the guns of the Western Front fell silent after four years of continuous warfare. With their armies retreating and close to collapse, German leaders signed an Armistice, bringing to an end the First World War. From the summer of 1918, the five divisions of the Australian Corps had been at the … Read more
It’s been a terrible week for diamond miners
While the world’s biggest diamond miner surprised the market by cutting prices this week, a slew of filings from its smaller rivals show the move was inevitable. While De Beers is a price maker in the supply of rough diamonds, dictating what its customers pay, most other miners are price takers. Gem Diamonds and Lucara … Read more
Blue and Pink Diamonds Show Price Stability in Q3 2019
Prices of fancy color diamonds remained stable in the third quarter of 2019, according to the Fancy Color Diamond Index (FCDI) published by the Fancy Color Research Foundation. The prices of pinks remained stable this quarter. The slight decrease of 0.1 percent overall was due to a 3 percent decrease in the 5 carat fancy … Read more
HRD Antwerp Receives Two Takeover Bids
The International Gemological Institute (IGI) and industry veteran Peter Meeus have put in rival bids to acquire HRD Antwerp. Meeus, HRD’s former managing director, last week submitted a proposal to buy at least 51% of the lab in partnership with two unnamed individuals, he told Rapaport News Wednesday. IGI also placed a bid for the … Read more
Family sues Christie’s over $39m diamond sale
34.65 carat cushion cut fancy intense pink princie diamond
De Beers Lowers Global Diamond-Jewelry Estimate
Bridal collection on display in De Beers Jewellers, Old Bond Street, London.
Artisanal small-scale diamond mining initiative launched
Petra Diamonds has launched an artisanal small-scale mining initiative in South Africa. This follows a process of extensive consultation and cooperation with relevant stakeholders. These include the Department of Mineral Resources and Energy (DMR&E), as mining sector regulator, the Letsemeng Local Municipality, as elected representatives of the community, and the community itself. Richard Duffy, CE … Read more