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Petra Diamonds unearthed the 41.82-carat, Type IIb blue diamond at the Cullinan Mine. London—Petra Diamonds Ltd. has recovered a 41.82-carat blue diamond of “seemingly exceptional” color and clarity from South Africa’s famed Cullinan Mine. Petra announced the recovery of the Type IIb diamond on Tuesday but provided few additional details. The mining company, which recently refinanced […]
Disrupted by competition from synthetic diamonds and the slowdown in major markets, natural diamond production has lost momentum, with mine closures becoming unavoidable. As one of the world’s biggest diamond producers, Canada is under severe pressure. Canada’s diamond mines are regularly cited as a model of responsibility within the diamond industry. Many articles and reports […]
The diamond industry must brace itself for another shakeup as restrictions on Russian supply may be lifted sooner than anticipated. Alrosa’s reintroduction to the market should now be considered an imminent possibility, after President Trump presented a 28-point draft proposal in Kyiv to end Russia’s war in Ukraine. The plan, developed with Moscow’s input, maps […]
In India’s manufacturing heartland, despair has begun to claim the lives of cutters and polishers as sanctions choke supplies and lab-grown stones reshape markets. Our reporters share workers’ firsthand stories. In the narrow lanes of Surat, the rhythmic whir of polishing wheels once sang of precision and prosperity. Today, they hum with unease. Inside dim […]
Output at Angola’s diamond mines grew in the first half of the year, exceeding their expected targets. In total, the country produced 6.8 million carats for the period, according to state-owned diamond miner Endiama. Output from the Catoca mine increased more than 40% above its expected range, while the Luele deposit recorded growth of 35% compared to […]
De Beers Group has debuted Origin, its new branded polished-diamond line, at retail stores in the North American market. The product allows jewelers to share the unique story of each De Beers-sourced diamond with consumers, the company said Thursday. Using Tracr, De Beers’ blockchain platform, the new label offers complete end-to end transparency and verified […]
De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company. Trucks at the Orapa mine in Botswana. Botswana was the key driver of De Beers Group’s third-quarter production increase, with production ramping up ahead of planned maintenance in the fourth quarter. London—De Beers Group […]
At an event Friday night in New York City, De Beers introduced Desert Diamonds—which it calls its first new “beacon” in years—to a group of influencers, celebrities, trade people, and journalists. Sandrine Conseiller, CEO of De Beers Brands, and Sally Morrison, De Beers’ natural diamonds lead, spoke with JCK about the new campaign, how it was dreamed […]
“It’s not just about jewelry, but about a vibrant heritage of the power and beauty of the Earth,” David Kellie, Natural Diamond Council CEO During Paris Haute Couture Week, Natural Diamond Council (NDC) published a new report on the rare nature of colored diamonds, in partnership with the Choron Group and the Fancy Color Research […]
“Beyond these chaotic rocks and ramparts that make up the citadel, and which silently descend all the way down, the outer wall of the city – the crenellated wall maintained by the Nizam – snakes off into the distance as it continues to draw the outlines of what was Golconda, Golconda of the marvelous diamonds.” […]
De Beers has stripped around 10 sightholders of their rough-diamond allocations for 2025 and is planning to offer fewer goods overall, market insiders told Rapaport News on Sunday. Those companies will retain their sightholder status, but the miner will not give them a consistent allotment of supply because they did not buy enough in 2024, the sources […]
Botswana’s outgoing President Mokgweetsi Masisi made quite an impression when he was introduced to the diamond industry at the 2019 JCK Las Vegas show. Just one year in office, the well-spoken leader proved to be an eloquent and powerful advocate for natural diamonds. He told the American audience about the impact their industry has on […]