Diamond Stock Articles

Breakthrough Tech 'Pinpoints Origin of Every Diamond'

April 30, 23 / Erez Rivlin

(IDEX Online) - A Swiss company claims it has developed technology that chemically profiles any diamond so it can identify the country - and even the specific mine - of origin.Spacecode says it analyzes diamonds at a molecular level to determine where it was mined, so it doesn't matter whether the stone has been registered earlier in the supply chain.The company has been in talks with the G7...Read More

Suicide Tragedy of Surat's Jobless Diamond Workers

April 30, 23 / John Jeffay

(IDEX Online) - Four jobless diamond polishers in Surat have taken their own lives within 10 days, as a global drop in demand forces factory owners to lay off staff.Three men and a woman committed suicide due to financial stress, according to a report in The Blunt Times, a news portal covering Surat and south Gujarat.The Diamond Workers' Union Gujarat (DWUG) says workers are being laid off, w...Read More

Russian Boycott Boosting Business, says Signet Boss

April 27, 23 / John Jeffay

(IDEX Online) - Signet CEO Virginia Drosos says the company's boycott of Russian diamonds will help its growth.In an interview with GJEPC's Solitaire magazine, she said they were following a consumer-driven desire, rather than a government-driven mandate and not selling Russian diamonds would help them  grow faster."We've already been working with our partners to create a new w...Read More

Antwerp's Diamantkring Joins NDC

April 26, 23 / John Jeffay

(IDEX Online) - Antwerp's Diamantkring has become the first bourse to partner with the Natural Diamond Council (NDC).The New York-based NDC (known as the Diamond Producers' Association until June 2020) promotes the industry and educates consumers.Its members include miners De Beers Group, Lucara Diamond, Petra Diamonds, RZM Murowa, and Rio Tinto - representing about three quarters of the...Read More

Small Drop in Diavik's Q1 Diamond Production

April 26, 23 / John Jeffay

(IDEX Online) - Rio Tinto reported a small drop in first quarter diamond production at its Diavik mine in Northwest Territories, Canada. It recovered 954,000 carats, down four per cent from 991,000 carats in Q1 2022, and down 27 per cent on Q4 2022.Rio Tinto, the world's second-largest metals and mining corporation, said the lower production was because of temporary restrictions accessin...Read More

De Beers Unveils Diamond Tiara with Modern Twist

April 25, 23 / John Jeffay

(IDEX Online) - De Beers has created a "modern tiara" using 40 carats of diamond from its own mines, with an 8.49-carat pear-shaped gem at the center.It's part the new Metamorphosis high jewelry collection, described as "the most creative and technically challenging collection to date".The four-stranded tiara is crafted from colored titanium and platinum and features a set of six additional f...Read More

Huge 116-ct Tsavorite Gifted to Smithsonian

April 25, 23 / John Jeffay

(IDEX Online) - One of the world's largest tsavorite garnets has gone on display at the Smithsonian's National Museum of Natural History, in Washington DC, USA.The 116.76-carat, 177-facet Lion of Merelani is the largest precision-cut tsavorite in the world, and the largest tsavorite gem ever cut in the US.Tsavorite is a precious gemstone first discovered by famed geologist Campbell Bridg...Read More

De Beers Q1 Production Flat at 8.9m carats

April 25, 23 / John Jeffay

(IDEX Online) - De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American.Production was up almost 10 per cent on Q4 2022 (8.2m carats). Production in Q3 2022 was 9.6m carats.Overall output was impacted by the transition from open pit to underground mining at Venetia, in South Africa, where production wa...Read More

Mall Floor "Strewn with Diamonds" after Raid

April 25, 23 / John Jeffay

(IDEX Online) - Diamonds were strewn across the floor of a shopping mall, when a raider was grabbed by security guards outside a jewelry store in New Zealand.He was one of six masked robbers, armed with hammers and knives, who smashed glass cabinets at Michael Hill Jeweller, in Chartwell Shopping Centre, Hamilton.  The other five escaped.The New Zealand Herald newspaper reports that "the shop...Read More

Toronto Police Probe Record $15m Gold Heist

April 24, 23 / John Jeffay

(IDEX Online) - Police in Canada are investigating the theft of gold and other valuables worth US$15m in what is believed to be the country's biggest ever heist of its kind.A cargo container packed with gold and other "items of monetary value" was stolen from a warehouse near Toronto Pearson International Airport (pictured) that was reportedly unmanned by airport security.Police have revealed...Read More

After 8.2m carats, Canada's First Mine is now a Lake

April 24, 23 / John Jeffay

(IDEX Online) - De Beers has filled the decommissioned Victor diamond mine, in northern Ontario, Canada, with almost 12 billion gallons of water and turned it into a lake.Virtually nothing now remains of the mine, which opened in 2008 and closed in May 2019.Over its life, more than 8.2 million carats of diamonds were recovered at Victor. It was identified in 1987 as Canada's first economicall...Read More

IGI Moves D Show to Dubai

April 23, 23 / John Jeffay

(IDEX Online) - Jewelry manufacturers will display their goods next month at the first IGI D Show outside India.The event, launched in India in 2011 by Antwerp-based International Gemological Institute, will take place in Dubai.Over 100,000 designs from 33 jewelry manufacturers will be displayed at the show's first international edition. Representatives from more than 150 prominent retail bra...Read More

Godfather Meets Shtisel in Antwerp Diamond Drama

April 23, 23 / John Jeffay

(IDEX Online) - Antwerp's 500-year-old diamond industry, and the Haredi (ultra-orthodox Jewish) community with which it is inextricably linked, come under scrutiny in Rough Diamonds, an eight-part crime drama now airing on Netflix.Neither get an easy ride, at least in the early episodes. It follows the struggles and strife of the prominent (and fictional) Wolfson family, in a mix of (subtitle...Read More

Record 108-ct Pink Diamond Recovered in Lesotho

April 23, 23 / John Jeffay

(IDEX Online) - Storm Mountain Diamonds (SMD) has recovered the biggest ever pink diamond by far from its Kao mine, in Lesotho.The 108.39-carat Type IIa fancy intense pink stone (pictured) is more than twice the weight of the 47.81-carat Pink Eternity, which was recovered last year and sold for an undisclosed price.Mohlomi Moleko, Lesotho's minister of natural resources, described the newly-r...Read More

Diamond World Rocked by Hezbollah Blacklist

April 20, 23 / John Jeffay

(IDEX Online) - The diamond world has been rocked by the US Treasury Department's blacklisting on Tuesday of companies with alleged links to the financing of the Hezbollah terror group, in Lebanon.A total of 52 individuals and entities, including a few diamond companies, appear on the Office of Foreign Assets Control (OFAC) list, accused of supplying cash, precious gems, art, and luxury goods...Read More

$2.2m Estimate for Unique Platinum Rolex

April 20, 23 / John Jeffay

(IDEX Online) - A unique Rolex Yacht-Master, made entirely of platinum for the company's then CEO Patrick Heiniger, is to be sold with an estimate of ???EUR? ?1m to ???EUR? ?2m ($1.1m to $2.2m).The dial features diamond hour markers with baguette-cut sapphires at six and nine and a triangular-cut sapphire at 12.It was presented to Mr Heiniger, who took over from his father Andre Heiniger in 1...Read More

Petra Diamonds Hit by Sharp Drop in Sales

April 20, 23 / John Jeffay

(IDEX Online) - Petra Diamonds suffered a sharp fall in its quarterly sales to 31 March, down almost 52 per cent to 67.8 per cent on Q3 2022.It also sold almost 37 per cent fewer diamonds - 465,138 carats - than during the same period last year.The miner's Williamson deposit, in Tanzania, remains closed after the breach of a tailings dam, which released a five-mile river of gray sludge, damag...Read More

Lucapa Mines Record Volumes During Q1

April 19, 23 / John Jeffay

(IDEX Online) - Lucapa says it mined record volumes at its Lulo alluvial mine, in Angola, and the Mothae mine, in Lesotho, in its latest quarterly report.The Australian miner also says it recovered a 150-carat Type IIa D-color white diamond - the 36th +100-carat diamond (pictured) since Lulo began commercial production in 2015.It also recovered two other +100-carat diamonds at the mine, which is h...Read More

$1m Heist at Argentine Gold Mine

April 19, 23 / John Jeffay

(IDEX Online) - Thieves fled with gold worth $1m after breaking into a mine in the in the Santa Cruz province of Argentina.Canadian miner Patagonia Gold Corp lost around a month's production in the heist, at the gold room of its Cap-Oeste Project.The thieves took dore bars - a semi-pure alloy of gold and silver which is transported to the refinery - containing 500 ounces of gold (currently tr...Read More

NDC Busts Diamond Myths in New Report

April 19, 23 / John Jeffay

(IDEX Online) - The Natural Diamond Council (NDC) says it's "busting myths" in a new 54-page report called Diamond Facts.It aims to address misinformation about both natural diamonds and lab grown diamonds with a series of 11 questions and detailed answers.The NDC says it will begin rolling out related videos, aimed primarily at consumers, on its social media channels in the coming weeks.Topi...Read More

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