Renard Diamond Mine Assets to be Sold
July 01, 25
Machinery and other assets from the mothballed Renard diamond mine, in Canada, are to be sold, as hopes fade that the site will transition to lithium mining. Winsome Resources, an Australian miner, agreed a CAD 52m (USD 38.5m) deal to ... Read More...
Diamond Slump Hits Namibia Government Revenue
July 01, 25Tax and royalty contributions by De Beers to the Namibian government fell by 11 per cent in 2024, as a direct result of weaker diamond prices and lower output. The figure was down from $611m to $545m, according to the Tax and Economic Contribution ... Read More...
Two Jailed after Pandora and Amazon Smash Counterfeit Network
July 01, 25A collaboration by Pandora, the world's biggest jewelry brand, and the e-commerce platform Amazon, has smashed a sophisticated counterfeiting network in China and led to the jailing of two crime bosses. It also led to the seizure of thousands of fake ... Read More...
IDEX Price Report for 1 July: Rounds Down with Some Gains, Mixed Fancy Result
July 01, 25The overall trend remained downwards during June. It was more marked among rounds, although the losses were balanced by some gains in larger goods. Losses among rounds were largely concentrated among J+ and SI1+ goods in 1.50-cts to 2.99-cts... Read More...
Pink Diamond Conman Skips Sentence Hearing
June 30, 25A Canadian conman who took part in a multi-million dollar diamond and jewelry investment fraud failed to attend sentencing at a federal US court. Antonio Palazzolo, 67, faced a term of between 108 and 135 months, according to a pre-sentence report... Read More...
Memo by Hertz Hasenfeld
June 26The Natural Diamond Council (NDC) has recently adopted a bolder, more pointed tone in its advertising—drawing a clear line between natural diamonds and synthetics. This shift has stirred some controversy within the trade, with critics calling the campaigns "divisive" ... Read More...