Botswana Closer than Ever to De Beers Deal
October 14, 26
Botswana is reported to be closer thane ever to an agreement over the future ownership of De Beers, potentially clearing a major obstacle to the sale of the diamond miner by Anglo American. Bloomberg reported Tuesday (13 October), citing people ... Read More...
US Begins Limited Third Wave of Tariff Refunds
October 13, 26The US has begun a third phase of tariff refunds for diamond and jewelry importers, but it is limited to companies that sued the government over President Donald Trump's emergency tariffs and secured court orders for refunds. US Customs and... Read More...
Another Restart for Elizabeth Bay Diamond Mine
October 12, 26Namibia's Elizabeth Bay diamond mine is preparing for another restart after a history of closures, changes of ownership and a previous revival that failed to meet production targets. Dutch private equity and special situations investor Kenzoll Capital has ... Read More...
24-ct Bulgari Pink Diamond could Fetch $18m
October 12, 26Christie's will offer a 24.00-carat pink diamond ring by Bulgari at auction in Geneva next month, with an estimate of up to $18 million. The Type IIa stone, known as The Bulgari Pink, has remained in the same European noble family for more than 70 years ... Read More...
De Beers Enlists Maharaja to Promote Natural Diamonds in India
October 11, 26De Beers has enlisted Jaipur's titular Maharaja, Sawai Padmanabh Singh, to promote natural diamonds in India, as the company seeks to expand demand in a market it sees as a major source of future growth. Singh, 28, is head of Jaipur's former ruling royal ... Read More...
Memo by John Jeffay
October 07Petra Diamonds started life in 1997 as a small diamond exploration company. It went on to acquire five former De Beers mines, extracted considerable value from them and became one of the world's largest independent diamond producers, reaching a peak... Read More...