Debswana to cut output

Debswana’s Managing Director Balisi Bonyongo said, the Diamond Company will cut diamond production at its mines as the company tries to match demand in the short to medium term. The company would prefer to keep the diamonds in the ground until the market to recovers. Bonyongo said that the company expected the market to return … Read more

Hatton Garden Safe Deposit robbed

According to the police, robbers used heavy cutting equipment to break into the vault at Hatton Garden. The vault founded in 1954 is in use by almost 300 diamond and gold dealers and more than 50 stores. The robbers broke into an office upstairs and then abseiled down a disused lift shaft. They then cut … Read more

Tiffany & Co launches CT60 watch line

Swiss made CT60 collection is a tribute to founder Charles Lewis Tiffany. The traditional Tiffany design fused with modern high tech watchmaking includes men’s and women collection in stainless steel or gold. A 60 piece limited edition in 18 karat rose gold, with a calendar and a 42 hour power reserve will be individually numbered. … Read more

Tough rules for De Beers diamond customers

Biggest reforms in a decade from De Beers’s over concerns of the financial stability and transparency of their sightholders. The world’s largest supplier by value is changing the deal, introducing tougher rules for companies wanting to join its coveted group of sightholders. De Beers will also insist customers hold a specified proportion of equity in … Read more

Trillions of carats of diamonds from meteorite

A meteorite impact 35 million years ago in Siberian, is said to have brought enough industrial diamonds which could supply the globe for thousands of years. The discovery of meteorite crater known as Popigai in the early 1970s contains more industrial quality diamonds than all the present known deposits around the world. The Diamonds crystal … Read more

IIa Technologies Diamond manufacturer launches greenhouse

IIa Technologies created a 3.04 ct synthetic white diamond, which is the largest polished laboratory grown diamond disclosed. The company expects 25 to 30 per cent growth in consumer demand for laboratory grown diamonds. The research centre based in Singapore will use the diamond greenhouse to grow Type IIa colourless diamonds, and will continue an … Read more