Thief Cut Courier's Trousers, Stole $15,000 Diamonds
October 06, 26
A thief cut the trousers of an angadia (diamond courier) boarding a train in India, and stole the parcel he was transporting, valued at $15,600. The 55-year-old victim was about to travel from Ahmedabad to Mumbai on the express Gujarat Mail service... Read More...
Diamond Hunter Claims 6.03-ct Yellow "Could be Worth $1m"
October 06, 26An amateur diamond hunter who unearthed a 6.03-carat yellow gem at a state park in Arkansas, USA, claims collectors have told him it could be worth $1 million. Jack Pearadin, a US Navy reservist, discovered the stone while sifting gravel from the Crater.... Read More...
Troubled Petra Faces Sale of Company or Assets
October 05, 26Petra Diamonds today (October 5) said it had appointed a financial adviser to manage a strategic review - a possible precursor to the sale of its Cullinan mine and other assets, or of the entire company. The London-listed miner, which once operated a portfolio... Read More...
De Beers Takes Full Ownership of Gahcho Kue Mine
October 05, 26De Beers is to take full ownership of the Gahcho Kue diamond mine in Canada's Northwest Territories after financially troubled Mountain Province Diamonds agreed to transfer its 49% stake. The agreement, announced October 1, gives De Beers 100%... Read More...
Namdeb Unveils Biggest Diamond in Two Decades
October 04, 26Namdeb, the joint venture between Namibia and De Beers, has unveiled a 176.29-carat diamond that it describes as "the largest diamond of its kind recovered at the operation in two decades". The diamond, named "Owishi," was recovered from the... Read More...
Memo by John Jeffay
October 01There's a critical lesson to be learned from a diamond scandal currently unfolding in Vietnam. And it's the importance of customer confidence. In case you missed the big news from Ho Chi Minh City, here's what happened: PNJ (Phu Nhuan Jewelry) ... Read More...