Petra Diamonds Limited has announced that while its production for the six months ended December 2019 was up 3 percent to 2,070,240 carats (H1 FY 2019: 2,019,147 carats), revenue for the same period was down 6 percent. Revenue fell to $193.9 million from 1,743,807 carats (H1 FY 2019: $207.1 million from 1,736,357 carats). The decline … Read more
BlueRock Diamonds has announced that it operated profitably for the first time in the second half of 2019. The miner started operations in 2012. The AIM-listed diamond producer, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa said its revenue was up 190 percent to £4.1 million ($5.4 million) … Read more
BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and a higher average price, the miner said Tuesday. The improvement was the result of a new initiative the miner implemented at its Kareevlei deposit in South Africa to stabilize production and offset the impact of the rainy season, … Read more
After a long period of uncertainty, HRD Antwerp is looking to the future with a new and ambitious CEO. Ellen Joncheere, formerly the General Manager at Fremach, will be the new CEO at HRD Antwerp as of January 20th. The current interim CEO, Michel Janssens, will be retiring next summer. Ellen has worked in a … Read more
GIA (Gemological Institute of America) has announced that it is suspending its diamond sealing services. The suspension is effective immediately and comes following the discovery that “a small number” of GIA sealing packets that had been compromised by third parties after the sealing packets left GIA. The Institute said that in these cases, the original … Read more
The largest rough diamond discovered since 1905, the 1,758 carat Sewelo, was revealed with great fanfare last April, named in July and then largely disappeared from view. Now it has resurfaced with a new owner Louis Vuitton the luxury brand better known for its logo-bedecked handbags than its mega-gems, which has been present on Place Vendôme, … Read more
The Perth Mint has released Jewelled Tiger coins featuring rare pink diamonds from Rio Tinto’s Argyle mine in Western Australia. Its most significant release for 2020 incorporates nearly three carats of fancy vivid intense pink diamonds from the Argyle mine, making up a finely structured three-dimensional 18 carat rose gold tiger pavé. Two emeralds from … Read more
Three Romanians have been ordered to stand trial in France on charges they made off with one million euros worth of diamonds from a French jeweller and his Indian partner, in an elaborate hoax resembling a Hollywood movie script. The suspects, thought to members of a network of gem thieves operating across Europe, will go … Read more
The companies behind WD Lab Grown Diamonds have filed three lawsuits against competitors, accusing them of infringing patents for diamond synthesis and treatment. The Carnegie Institution of Washington, a science organization, and M7D Corporation, which trades as WD Lab Grown Diamonds, took action Thursday again six companies that produce or sell diamonds made using chemical … Read more
UAE authorities have arrested a man coming from Africa attempting to smuggle 297 grams of raw diamonds estimated at around $90,000 in his gut. On Thursday, the Federal Customs Authority (FCA) said it received a tip-off about an African man who intends to bring the raw diamonds into the country by smuggling them through Sharjah … Read more