De Beers and Signet Target Diverse New Bridal Generation

May 23, 24 by John Jeffay

De Beers and Signet will work together to promote natural diamonds to a "diverse new generation" of US consumers, ahead of an expected surge in post-pandemic engagements. They predict a 25 per cent increase over ... ( Read More...

Sarine Returns to Profitability

May 23, 24 by John Jeffay

Sarine has returned to profitability, and is predicting a modest recovery in the diamond industry. The Israel-based diamond tech company reported a $600,000 profit for the three months ending 31 March, following on from a $2.8m loss... Read More...

De Beers Rough Sales Dip to $380m

May 23, 24 by John Jeffay

De Beers today (23 May) reported a dip in rough sales to $380m during its fourth cycle of the year. That's down 15 per cent on cycle three, and 20 per cent on the same period last year. The loss-making UK-based miner said... Read More...

"Ancient Text" in Lab Grown Diamond

May 23, 24 by John Jeffay

A lab grown diamond submitted for grading was found to have what GIA experts described as "lines of text in an ancient manuscript" in a cloud of tiny inclusions. The authors of a "Lab Note", in the spring edition of ... Read More...

Flawless 10.2-ct Pink Could Fetch $12m

May 22, 24 by John Jeffay

An internally flawless 10.20-carat fancy intense pink diamond is expected to sell for up to $12m next month at Christie's New York. The auction house describes it as the most significant gem of its kind that they've offered... Read More...

Memo by

May 23

What will become of De Beers? The future of its parent company Anglo American remains up in the air. But whatever happens it's now clear that there's no place for the 135-year-old diamond miner in its future portfolio. The big bucks these days are in copper, one of  Read More...