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Latest News & Stories

US Watches and Jewelry: Sales Reach a Healthy Plateau

Sales of watches and jewelry in the US enjoyed a sixth consecutive month of increase in November 2020, according to new Department of Commerce figures. They were up 16.6 per cent year-on-year... Read More..

 
Steinmetz Sentenced to Five Years for Mining Corruption

Diamond billionaire Beny Steinmetz has been sentenced to five years in jail after a Swiss court convicted him of bribing officials in Guinea for valuable mining rights. He was found guilty of paying ... Read More..

25.97-ct Fancy Pink Diamond to be Sold Online

Namakwa Diamonds is to sell another exceptional fancy pink diamond recovered from its Kao mine, in Lesotho. The 25.97-ct rough stone, named Pink Dawn, comes from the same geological... Read More..

 
Alrosa's Q4 Sales Soar to $1.2bn

Alrosa's sales of rough and polished diamonds soared by a third in the last quarter of 2020, up to $1.22bn (q-on-q). The Russian state-owned miner reported average realized prices in Q4 were... Read More..

Petra's Revenue Falls, but Prices Return to pre-Covid Levels

Petra reported an eight per cent slip in gross revenue for the six months to December 2020, down to $178m. But it said like-for-like prices at its tender earlier this month - 382,000 carats ... Read More..

 
Surat Polished Exports Surge by 40 per cent in December

Exports of polished diamonds from India surged last month, up almost 40 per cent year-on-year, as recovery from the pandemic continued. Foreign sales for December 2020 totaled $1.74bn... Read More..