Another Restart for Elizabeth Bay Diamond Mine
October 12, 26
Namibia's Elizabeth Bay diamond mine is preparing for another restart after a history of closures, changes of ownership and a previous revival that failed to meet production targets. Dutch private equity and special situations investor Kenzoll Capital has ... Read More...
24-ct Bulgari Pink Diamond could Fetch $18m
October 12, 26Christie's will offer a 24.00-carat pink diamond ring by Bulgari at auction in Geneva next month, with an estimate of up to $18 million. The Type IIa stone, known as The Bulgari Pink, has remained in the same European noble family for more than 70 years ... Read More...
De Beers Enlists Maharaja to Promote Natural Diamonds in India
October 11, 26De Beers has enlisted Jaipur's titular Maharaja, Sawai Padmanabh Singh, to promote natural diamonds in India, as the company seeks to expand demand in a market it sees as a major source of future growth. Singh, 28, is head of Jaipur's former ruling royal ... Read More...
Tax Deal Aims to Boost Israel's Diamond Trade
October 11, 26The Israel Diamond Exchange (IDE) says a new voluntary tax arrangement could help boost traders' competitiveness against Antwerp and Dubai. It provides them with greater certainty and could, in some cases, lower their tax bills. Diamond dealers who ... Read More...
Princess Saw Her Unique Engagement Ring in Auction Catalog
October 08, 26Princess Firyal Irshaid of Jordan told a court this week that she discovered her unique sapphire-and-diamond engagement ring had been stolen when it was pictured on the front of an auction catalog. The princess, who married Prince Muhammad bin Talal... Read More...
Memo by John Jeffay
October 07Petra Diamonds started life in 1997 as a small diamond exploration company. It went on to acquire five former De Beers mines, extracted considerable value from them and became one of the world's largest independent diamond producers, reaching a peak... Read More...