Rio Tinto production to slump as Diavik dries up
Rio Tinto has forecast a sharp drop in rough-diamond output for next year as the Diavik mine edges closer to depletion.
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A lab-grown diamond shakeout may be coming
For the last few years, the lab-grown diamond sector has led a mostly charmed existence. Demand kept rising, particularly in the United States, as the business benefited from growing consumer acceptance and all the factors that boosted the industry during the COVID-19 pandemic.
Lucara and HB extend sales deal for 10 years
Lucara Diamond Corp. and Belgian manufacturer HB Trading have signed a sales agreement that will see the pair partner on large stones through December 2032.
The lab-grown diamonds sold at 100% off Rap
Last September, I wrote an article on lab-grown diamond prices, where I quoted an “industry veteran” as saying that, with lab-grown diamonds being sold at 90% off the Rapaport list, “what’s lower than that? 100%?”
De Beers’ Oct/Nov rough sales total $450M
As in September, the company’s sales were up slightly year-over-year but down month-to-month
One more big pink diamond heads to auction, with $35M price tag
It follows a few other notable fancy color diamonds at auction this fall, with mixed results.
De Beers Group rough diamond sales for cycle 9, 2022
Press release – De Beers Group [announced Novemebr 16 ] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2022.
Botswana president rebuts “ditching De Beers” report
Botswana’s president Mokgweetsi Masisi is said to have rebutted a report in Botswanan newspaper Sunday Standard that said the country was “ditching De Beers” and planned to sell all its larger diamonds to rival miner Lucara.
De Beers announces Lupita Nyong’o as first Global Ambassador
Press release – De Beers is proud to announce Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source.
Grown versus mined: the retail battleground
The success of the synthetic and natural diamond markets depends largely on the narrative of the retail jeweler. Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler’s sales pitch?
Ekati yields Canada’s largest fancy-yellow diamond
Arctic Canadian Diamond Company has unearthed a 71.26-carat rough, which it claims is the largest fancy-vivid-yellow diamond ever found in Canada.
New EU sanctions spare Russian diamonds – report
The European Union is proposing a fresh package of restrictions on Russian goods but is leaving diamonds untouched, according to the Politico news website.