Debswana appoints new managing director
Debswana Diamond Co., the diamond mining company jointly owned by the government of the Republic of Botswana and De Beers Group, has named Andrew Maatla Motsomi managing director for the next five years.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Record-setting diamond doesn’t fetch record price
On Wednesday [Mai 11], the largest white diamond ever to come for auction—a 228.31 ct. G VS1 pear-shape it dubbed The Rock—didn’t set any records at the Christie’s Magnificent Jewels auction in Geneva.
Are the Russian diamond sanctions working?
There’s been a lot of talk about how current sanctions language allows for Russian diamonds “substantially transformed” (i.e., cut and polished) elsewhere to enter the United States—which, some say, makes current regulations “worthless.”
Fancy-color price index rises as pinks shine
Prices of fancy-color diamonds grew 1% in the first quarter compared with the previous three months amid strong market for pinks, according to the Fancy Color Research Foundation (FCRF).
Current Russian diamond sanction rules “Murky,” JVC says
The current sanctions on Russian diamonds have created a “murky situation” for the industry, Jewelers Vigilance Committee (JVC) president and CEO Tiffany Stevens and deputy general counsel Sara Yood said during an April 26 seminar at the American Gem Society Conclave in Oklahoma City.
De Beers plans to make all its diamonds trackable
At [the sight of May 2nd’s week] in Botswana, De Beers offered all its sightholders diamonds whose origins can be tracked through the pipeline, through its blockchain-based Tracr platform.
US diamond danctions bite in India
Diamond sanctions are beginning to bite in India, as US buyers demand guarantees that polished stones were not mined in Russia, according to news reports.
The De Beers Blue auction
Press release – Moments ago at Sotheby’s Hong Kong, a significant new benchmark for the diamond market was set, as the extraordinary ‘De Beers Blue’ – a 15.10 step-cut Fancy Vivid Blue diamond, the largest of its kind ever to appear at auction – sold for HK$451 million / US$57.5 million – among the highest […]
Burgundy finds large cluster of colored diamonds
Burgundy Diamond Mines has discovered a “significant” area bearing fancy-color orange and yellow diamonds at its Naujaat diamond project in Canada.
Petra looks to offload South Africa mine
Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site’s operations beyond the scheduled closure date of 2025.
UK slaps 35% tariffs on Russian diamonds
The UK has imposed heavy tariffs on Russian diamonds as it attempts to up the pressure on President Vladimir Putin following the country’s invasion of Ukraine.
De Beers: diamond businesses taking a ‘more cautious’ Aapproach
Strength in rough diamond sales continues, but the war in Ukraine and COVID lockdowns in China have companies on alert.