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Massive uncut diamond unveiled in New York

By: Reuters     21st September 2021 In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the... 

Platinum branded collections continue to thrive despite pandemic, says PGI

By: Tasneem Bulbulia     20th September 2021 Worldwide marketing organisation the Platinum Guild International’s (PGI’s) second-quarter Platinum Jewellery Business Review (PJBR) shows that platinum jewellery, especially branded collections, remains resilient amid a still challenging situation in retail in most markets. Based on the PGI’s... 

BlueRock records good interim progress

By: Tasneem Bulbulia     20th September 2021 Aim-listed BlueRock Diamonds recorded good progress on a number of fronts during the six months ended June 30, chairperson Mike Houston says, despite a challenging period and delays in the expansion project at its Kareevlei mine, in the Kimberley region of South Africa. The company announced a... 

Petra swings to full-year net profit, mulls selling Williamson mine

By: Marleny Arnoldi     14th September 2021 After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million. In the prior financial year, the... 

Alrosa diamond sales fall on inventory shortages

By: Creamer Media Reporter      10th September 2021 Russian diamond major Alrosa has reported diamond sales of $306-million in August, comprising $297-million in rough sales and $10-million in polished sales. This compares with total sales of $334-million in July and $410-million in June. Total sales in carats were lower in August, owing to a... 

Alrosa commits to collaboration with DRC State miner

By: Marleny Arnoldi     9th September 2021 Russian diamond miner Alrosa has signed a memorandum of understanding (MoU) with Democratic Republic of Congo (DRC) State-owned diamond miner Societé minière de Bakwanga (MIBA) to increase their collaboration. The MoU defines areas of mutual interest and the potential for cooperation in the... 

De Beers seventh sales cycle revenue amounts to $515m

By: Simone Liedtke     8th September 2021 Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year. This compares with the $514-million in sales recorded in the sixth sales cycle, and the $334-million in sales recorded in the seventh sales cycle of 2020. 

Burgundy buys Canadian diamonds

By: Esmarie Iannucci     8th September 2021 ASX-listed Burgundy Diamond Mines has purchased its first third-party rough diamonds as part of its downstream marketing services. The company in June acquired the capability to cut and polish Fancy Colour diamonds in Perth, allowing for the in-house creation of polished product from its planned... 

Platinum jewellery demand held up well in the second quarter 

By: Marleny Arnoldi     7th September 2021 The latest Platinum Jewellery Business Review, published by Platinum Guild International (PGI), shows that platinum jewellery remains resilient amid a still challenging situation in retail in most markets. Particularly, PGI reports that branded collections are doing well, despite headwinds from... 

Rough diamond production to rise after Covid-19 disruptions cleared

By: Donna Slater     3rd September 2021 Data and analytics company GlobalData expects global rough diamond production to grow by 1.4% this year to reach 112.99-million carats. This follows the estimated 19.4% contraction in output to 111.4-million carats in 2020 as a result of disruptions brought about by the Covid-19 pandemic.  

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