‘The Flawless Star’ diamond earns $4.6M at Christie’s online
The “Jewels Online” sale sold 98 percent by lot.
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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 […]
Indian cutters face sales drop: report
India’s diamond trade is likely to see a slowdown in sales in the coming months as a result of the Russia crisis, according to a major credit agency in the country.
Alrosa closes U.S. office after Rebecca Foerster resigns
With tension between the United States and Russia continuing to grow, Alrosa has said it will close down its U.S. office by the end of April, Alrosa USA president Rebecca Foerster tells JCK.
De Beers Group rough diamond sales for cycle 1, 2022
Press release – De Beers Group [announced February 4] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2022.
