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.
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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.
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.
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.
