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Latest News & Stories

Petra Announces $300 Million Notes Issue for Cullinan Construction

Petra Diamonds Limited has announced the launch of a $300 million notes issue as well as increases to its senior lender debt facilities as part of its plans to construct a modern processing plant at the Cullinan mine in South Africa. Read More..

Zimbabwe Diamond Centre to Process up to 700 Stones Daily

The Zimbabwe Diamond Centre (ZDC) has officially unveiled its new machinery, which has been sourced from India, that will allow it to cut anywhere between 100 to 700 stones a day. According to, the Centre’s old machinery meant that it could take up to 15 days to polish just one stone. Read More..

India’s Gem and Jewelry Exports Drop 1%

The Gem & Jewellery Export Promotion Council (GJEPC) reported that gem and jewelry exports totaled $39.899 billion during the fiscal year ended March 31. This was a drop of 0.62 percent in dollar terms compared to $40.147 billion for the April 2013-March 2014 period. Read More..

Marques Defamation Trial Postponed; Jewelers Come out in Support

The defamation trial of Angolan journalist Rafael Marques de Morais has been postponed until May due to ongoing settlement discussions, according to reports in The Guardian newspaper. Read More..

PANDORA Opens Locations in Disney Resorts

After creating Disney-themed jewelry, PANDORA Jewelry has collaborated with Walt Disney Parks and Resorts to open two dedicated PANDORA Jewelry boutiques. Read More..

Lucara Recovers 342-Carat Diamond at Karowe Mine

Lucara Diamond Corp. has recovered a 341.9-carat gem-quality diamond from its Karowe Mine in Botswana. The stone was recovered while processing fragmental kimberlite from the central and south lobe interface. Read More..