Fuchsia Rose Diamond sells for nearly $7M
The Fuchsia Rose diamond surpassed its presale estimate at Christie’s New York on Wednesday [April13], achieving just under $7 million in the Magnificent Jewels auction.
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De Beers Group rough diamond sales for cycle 3, 2022
Press release – De Beers Group [announced April 13] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the third sales cycle of 2022.
De Beers slated to begin diamond exploration in Angola
The company has signed two Mineral Investment Contracts for license areas in northeast Angola.
‘The Flawless Star’ diamond earns $4.6M at Christie’s online
The “Jewels Online” sale sold 98 percent by lot.
Alrosa ejected From World Diamond Council, Irish Stock Exchange
In yet more fallout from Russia’s invasion of Ukraine, state-owned diamond miner Alrosa has been removed from the World Diamond Council (WDC), which represents the industry in front of the Kimberley Process (KP).
The United States puts the ultimate sanction on Alrosa
On Thursday [April 7], the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added Russian diamond miner Alrosa to its Specially Designated Nationals (SDN) list—which may have serious implications for U.S.-based companies with overseas ownership.
Alrosa suspends RJC membership
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.
With Russia, industry must prove it learned the “Blood Diamond” lesson
At an industry event last week, an old friend reproached me for my recent headline that called allowing imports of Russian-mined diamonds that were cut elsewhere a “loophole.”
Rough prices drop as trading cools
Rough prices have fallen substantially on the open market amid a correction following months of heightened activity, dealers told Rapaport News.
War in Ukraine: Britain announces sanctions on Alrosa
The British government [announced Marc 24] sanctions against Alrosa.
De Beers Group rough diamond sales for cycle 2, 2022
Press release – De Beers Group [announced March 15] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2022.
World’s most advanced diamond recovery vessel to start operating in Namibia
Press release – The world’s most advanced diamond recovery vessel, the Benguela Gem, has [been March 18] officially unveiled in Namibia at an inauguration ceremony attended by His Excellency, President Hage Geingob, Minister of Mines and Energy, the Honourable Tom Alweendo and De Beers Group CEO, Bruce Cleaver. The vessel will commence operations from next […]