De Beers "Could Sell for Just Half its $4.9bn Valuation"
June 10, 25
Anglo American could begin the formal process of selling De Beers, its loss-making diamond division, within weeks - but may have to settle for only half its $4.9bn valuation, according to a Financial Times (FT) report. Two former CEOs of the UK-based... Read More...
Historic Napoleon Diamond Ring could Fetch $340,000
June 10, 25A gold and diamond signet ring that belonged to Napoleon Bonaparte is expected to sell for up to $340,000 at Sotheby's Paris later this month. It was crafted over 200 years by Marie-Étienne Nitot, Napoleon's official jeweler, who went to found the... Read More...
New De Beers' Strategy for Brown and Yellow Diamonds
June 10, 25De Beers has unveiled a new marketing strategy to enhance the profile of brown and yellow diamonds. It announced its Ombre Desert Diamonds concept at the JCK Las Vegas show last week, describing it as the company's first "beacon" product in over a ..., Read More...
Petra Abandons Regular Tenders as Sales Slump
June 09, 25Petra Diamonds says it is abandoning its regular schedule of rough tenders in response to difficult market conditions. It reported sales of $53m from its latest tender, down 43 per cent year-on-year. The UK-based miner gave a combined figure for two tenders ... Read More...
Historic Cartier Tiara Sells for $1.1m, Smashes Estimate
June 09, 25A rare Cartier turquoise and diamond tiara that belonged to Nancy, Viscountess Astor, Britain's first woman member of parliament, sold for $1.1m (£889,400), two-and-a-half times its $434,000 (£350,000) high estimate, at Bonhams London. It features old brilliant... Read More...
Memo by John Jeffay
June 05Stand by for more tariffs turmoil. Donald Trump caused global mayhem with his "Liberation Day" announcement on 2 April, imposing reciprocal import duties on all US trading partners. He pressed the pause button a week later, offering a 90-day reprieve... Read More...