In the first half of this year, China consumed nearly 555 tons of gold, up more than 16 percent year-on-year. The trend has been described as a domestic gold craze. But diamonds seem to have lost their attraction, as the market size in China declined to 11.4 billion U.S. dollars in 2022, 2.5 billion dollars … Read more
Karowe Mine Yields Massive Rough Diamond Weighing 1.080 carats.
The Reserve Bank of Zimbabwe has stockpiled 300,000 carats of diamonds under new regulations which compel miners to pay half of their royalties using commodities, the state-run Sunday Mail reported. Central bank governor John Mangudya also told the Harare-based newspaper that gold reserves stood at around 350 kilograms, or around $20 million in US dollars. … Read more
Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow’s 2022 invasion of Ukraine. Efforts to reduce Russia’s revenue from diamond exports and to build on Washington’s existing sanctions on Alrosa, the world’s … Read more
The US has reportedly blocked $26m of payments made by Indian businesses attempting to buy rough diamonds from Russia.
555 carat Diamond Bought with Illicit Funds, SEC Says
Anglo announces latest De Beers’ rough diamond sales value
Petra Diamonds’ sales dropped 44% for the full fiscal year
29.52-carat pink diamond went for more than $8 million
De Beers has sharply decreased its prices for select larger rough diamonds