The Diamond Origin Dilemma
Russia’s invasion of Ukraine is another defining moment for the diamond industry.
Archives: News
South Africa: Marsfontein to Produce Its First Diamonds in March
The Marsfontein project is a precursor to the larger Thorny River project Botswana Diamonds has announced that it expects “the first recoveries of diamonds” at its Marsfontein mine in South Africa this month, Rough & Polished reports. The alluvial and dump mine, which was initially expected to produce diamonds in February, has seen the excavation of about … Read more
Bonhams Sells Every Jewel on Offer at New York Auction
Bonhams brought in $8.1 million at its Perfect Jewelry Box auction in New York as all 119 items found a buyer — in what the trade terms a “white-glove sale.” The top piece was a 35-carat diamond ring by Leviev, which sold for $2.7 million at the March 8 event, beating its $2.5 million high … Read more
De Beers Sees Further Sales Slowdown
De Beers’ sales fell at its February trading session as sightholders deferred demand to later in the year amid uncertain market conditions.
US, EU engage diamond industry on Russian diamonds
State Department and European Commission Engage Diamond Industry to Discuss Next Steps on Russian Diamonds
How often should I have my diamond ring checked
Diamonds are among the hardest natural substances on Earth, which means that they are very durable and resistant to damage. However, while diamonds themselves are difficult to damage but not impossible, the metal and setting that hold the diamond in place can be vulnerable to wear and tear. If a diamond ring is worn regularly, … Read more
Majhgawan-Panna, India’s Only Mine, to Resume Operations
India’s only diamond mine will put up to 84,000 carats a year
Botswana’s diamond trade is expected to depreciate due to reduced demand
Trading in diamonds increased 41% in the last year, with Botswana also benefiting from Western consumers avoiding Russian stones as a result of its invasion of Ukraine.
Will Laboratory grown diamonds take over the market ?
As of 2021 the laboratory-grown diamond trade market was estimated to be worth around $1.9 billion, according to a report by Frost & Sullivan.
Do you lose money when selling a diamond ?
The amount you will lose selling a diamond depends on several factors, including the quality and characteristics of the diamond, the current market demand and prices for diamonds, and the method of sale.